Nick Holder (L), chairman of the British Business Group Vietnam, joins the ribbon cutting ceremony to mark the Business Center’s grand opening in Ho Chi Minh City on June 10, 2014. Photo: Thao Vi
The British Business Group Vietnam (BBGV) opened a new business center in Ho Chi Minh City on Tuesday to promote trade and investment between UK and Vietnam.
Established under a partnership agreement between the UK government's Trade and Investment and the BBGV, the Business Center will help British small and medium enterprises to connect with businesses in Vietnam by providing research and advice on setting up operations, identifying potential partners and training in the local business environment.
The center, located inside the British Consulate General at 25 Le Duan Street in District 1, will also support business-to-business matching and provide relevant information for Vietnamese companies keen on exporting or establishing businesses in the UK.
The launch of the new center is part of the British government’s ambitious goal to transform the UK’s economy by doubling its annual exports to £1 trillion (US$1.68 trillion) and increasing the number of UK exporters to 100,000 by 2020.
The BBGV, which has operated in Vietnam since 1998, now boasts more than 450 members.
Two-way trade turnover between the UK and Vietnam reached more than $4.3 billion last year.