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.

Recent Posts

Simon Weckert explores Digital Camouflage, challenging AI-powered surveillance

Artist Simon Weckert has created Digital Camouflage, a shirt designed to challenge the computer-vision systems increasingly used to monitor public…

8 hours ago

Dale of Norway revives iconic Albertville sweater

Dale of Norway has reintroduced its iconic Albertville sweater, originally designed for the Norwegian Olympic Team for the 1992 Winter…

8 hours ago

Karl Mayer showcases 3D Advanced Bubble fabrics

Karl Mayer has unveiled Advanced Bubble fabrics that use three-dimensional structures, ruffles and transparent grounds to create sculptural textile surfaces.

8 hours ago

LYCRA showcases renewable fiber innovations

The LYCRA Company is presenting a range of new fibre technologies, focusing on performance, comfort and the use of recycled…

3 days ago

DITF explores converting wind turbine blades into textile fibers

The German Institutes of Textile and Fiber Research Denkendorf is exploring how retired wind turbine blades could be turned into…

3 days ago

Corn, beeswax-based textile treatment to offer PFAS finishes alternative

University of Texas has developed a textile treatment made from corn-derived protein and beeswax to help fabrics resist water and…

3 days ago