U.K. Businesses Interested in Vietnamese Market
A large number of U.K. investors said at an investment forum held in London July 15 that they are keen on securities, finance and real estate business in Vietnam.
PricewaterhouseCoopers Vietnam Senior Partner Ian Lydall said his company has received various requests for consultancy on the Vietnamese market, noting that it is the right time to invest in the Southeast Asian country.
Harvey Nash offshore software services CEO Paul Smith said at the meeting that his firm is operating well in Vietnam and it will expand its investment and activities in the country.
At the forum, representatives from foreign economic groups that are operating in Vietnam, including Viet Dragon Fund Management (VDFM), property developer CB Rid Ellis Vietnam and PricewaterhouseCoopers, talked of the vast opportunities in the emerging economy.
Vietnamese Ambassador to the U.K. Tran Quang Hoan introduced the country&rsquos investment potentials and opportunities as well as incentive policies to the participants.
The U.K. is one of the biggest EU investors in Vietnam with over 100 projects valued at some $1.9 billion, mostly in notably in financial services and oil and gas sector, according to local Vietnam Investment Review.
In 2007, bilateral trade stood at US$1.8 billion, including Vietnams trade surplus of US$1.5 billion. (VNS)
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