The Embassy of Vietnam held a seminar at its premises last week on its emerging market with a visiting delegation of Vietnamese businessmen to focus on its food industry.
Present at the seminar was Madame Nguyen Thi Bao Tam, the Charge d’Affaires, Embassy of Vietnam, media persons and local businessmen. The objective of the seminar was to provide information and update local businesses on Vietnam-Kuwait economic and trade relations opportunities.
Vietnam is one of the fastest-growing ASEAN economies in the last ten years with foreign investment as the key market driver. A member of ASEAN, APEC, ASEM and WTO, the country has expanded its bilateral trade with Kuwait ranging from seafood, fruits and vegetables, pepper, tea, confectionary and cereal products, wood and wooden products, iron and steel products, petroleum LPG, plastic materials and iron and metal scrap.
Le Ba Ngoc, the Commercial and Economic Counsellor, Embassy of Vietnam expected that bilateral trade would double between Kuwait and Vietnam in the coming years. The attending Kuwaiti businessmen shared their experiences doing business in Vietnam, and spoke about investment procedures while making enquiries about FDI approvals, banking flexibilities and the relevant business opportunities.
Representatives from well-known Vietnam companies invited the gathering to view their products on display. The seminar ended with a meeting session to discuss the products and other topics of business.
Speaking to The Times, Madame Nguyen, the Charge d’Affaires pointed out that the seminar provided an opportunity for business people from Vietnam and Kuwait to meet and continue to contact each other after the seminar and hopefully, both sides would benefit from their interaction