Philippine businesses seek partners in Viet Nam
HCM City (VNA) – Sixty leading Philippine businesses attended a meeting in Ho Chi Minh City on August 30 to seek investment partners in information technology, communication, electronics, auto manufacture, electricity and infrastructure.
The meeting, the largest trade promotion event ever held by the Philippines in Viet Nam, has been prompted by rapid growth in two-way trade turnover. In 2002, the figure stood at 102 million USD and tripled to over 354 million USD in 2006.
The Philippines imports rice, monioc, motorcycle spart parts and electronic chips from Viet Nam and exports high-tech products to Viet Nam.
Philippine Deputy Minister of Industry and Commerce Thomas Aquino introduced a host of incentives for Viet Nam’s investors such as tax exemption between 4-8 years and a preferential tax rate of five percent for projects in hi-tech zones.-Enditem
được đăng bởi kude.punny @ 04:48
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