Vietnamese investors to fuel their capital to the Philippines

President Benigno S. Aquino III hopes to attract more Vietnamese investors to fuel their capital to the Philippines after his two-day state visit here.

In a press conference, the Chief Executive cited a Vietnamese business process outsourcing (BPO) firm for “leading the way” by putting up a shop in the Philippines, saying this would further strengthen the relations between the two countries.

“There is a Vietnamese BPO company that I understand is already setting up in the country. It’s small but this will enhance the trade between our countries,” the President said.

In a separate interview, Secretary Ramon Carandang of the Presidential Communications Development and Strategic Planning Office noted that “the Philippines imports rice from Vietnam.”

Philippine Ambassador to Vietnam Jerril Santos said that a total of $ 308.97-million has been poured into the country by companies from the Philippines, making RP the fourth top ASEAN investor in Vietnam. These include investments in agriculture and information technology.

President Aquino expressed hope that with his visit here, more Vietnamese businessmen will be enticed to invest in the Philippines.

“There is a sizeable Filipino investment here in Vietnam at the present time so we would like to see more in the opposite direction,” the President said. (PNA)

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