Vice Chairman of the Ho Chi Minh City People’s Committee Le Thanh Liem (R) receives Under-Secretary for the Industry Development and Trade Policy Group of the Philippines Ceferino S.Rodolfo (Source: VNA)HCM City (VNA) – The working visit by Under-Secretary for the IndustryDevelopment and Trade Policy Group of the Philippines Ceferino S.Rodolfo toVietnam, including Ho Chi Minh City, will help intensify bilateral trade andinvestment cooperation.
The statement was made by Vice Chairman of the Ho Chi MinhCity People’s Committee Le Thanh Liem at his reception for Rodolfo on June 20.
Appreciating the growing Vietnam-Philippines StrategicPartnership, Liem said that the two countries are expanding collaboration inthe fields they hold potential and coordinating closely at regional andinternational forums, especially within the framework of the Association ofSoutheast Asian Nations (ASEAN).
He expressed his belief that a business conference betweenthe two countries to be held in the city will be a success, contributing topromoting partnership between their enterprises.
Rodolfo affirmed that his visit aims to tighten cooperationbetween Philippine and Vietnamese businesses, including those from Ho Chi MinhCity.
The Philippines attaches importance to its ties with Vietnamand wants to step up collaboration with the country, including trade andinvestment ties with the southern hub, he added.
As of May 2018, Ho Chi Minh City had 34 Philippine-investedprojects with a total capital of nearly 26 million USD. The country ranked 36th among 96 nations and territories pouring capital into the city.
Last year, two-way trade hit 676 million USD, an annual riseof 6 percent.-VNA
VNA
