Vietnam, Brunei see vast mutual business prospects between the two countries

A business delegation from Vietnam which is currently visiting Brunei Darussalam, led by Hoang Van Anh, the Deputy Director-General of the Vietnam Chamber of Commerce and Industry said that the there is a huge potential for cooperation between the two countries’s future business development in the sectors of garment and textile, information technology (IT), oil and gas as construction.

The business delegation received a briefing from DARE (Darussalam Enterprise). Speaking in an interview after the briefing, the deputy director-general shared that if they look at the potential sectors in Brunei that Vietnam can explore more in the future it should be petroleum – oil and gas. But for other sectors, they can see potential for business development in the IT sector, which should be a focal point for business cooperation in the future.

The 50-member business delegation includes representatives from the sectors of garment and textile, construction, food, oil and gas as well as electronics and mining companies.

They can see some potential for the garment and textile as well as the construction sectors. This is because they have a very young labour force.

From Vietnam to Brunei it’s not too far, so they can provide labour force to Brunei easily.

He said that bringing a focal group to Brunei in the future would be beneficial. They have also a meeting with the National Chamber of Commerce of Brunei Darussalam and will discuss on how they can cooperate together in the future. It might be that they bring some businessmen or concentrated group to Brunei and Bruneian business people can come to Vietnam.

The most important thing for them is that the trade and investment between Brunei and Vietnam should be developed more in the future.