Yesterday, 9 April 2015, AusCham held its first event in Hue. Two separate meetings were held with approximately 40 representatives of the Vietnam Australia Friendship Association of Hue and the Business Association of Hue.

AusCham’s Executive Director, Phil Johns addressed the two groups explaining how the Chamber might be able to support local businesses – and how it may not be able to support business (eg we do not issue any government grants as we are an NGO that only raises its money through memberships and sponsorships).

Expectations were closely managed but afterwards, Phil Johns was optimistic that a realistic foundation had been laid to build the relationship for mutual advantage.

“AusCham is a national business chamber which facilitates opportunities for businesses with an Australian interest”, said Phil. “Hue is an important city in Vietnam and for the Business Chamber to establishing links is a very positive first step – especially when so many are passionate about their experience in Australia.

“Yesterday was the first step. But watch this space”, concluded Phil.

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Related item

[Vietnam News 8 April 2015] Vietnam News reported earlier this week that Thua Thien-Hue targets $25.5m in Q2 investment. The original article has been reproduced below. 

The central province of Thua Thien-Hue aims to attract VND550 billion (US$25.5 million) in investment during the second quarter of this year, according to the provincial industrial zone (IZ) management board.

The board said it would implement measures to help solve investors’ problems with site clearance and access procedures for land, electricity and water.

The board also unveiled English, Japanese and Korean editions of promotion materials to help facilitate activities.

The IZs have attracted 94 investment projects to date — 22 of which have foreign investors — with a combined registered capital of nearly VND20 trillion (US$930 million).

Disbursed capital has reached VND7.4 trillion (US$345 million), or 37.3 per cent of registered capital. The occupancy rate at industrial zones is 33 per cent, according to the board. — VNS

*** To view the original article, click onto Thua Thien-Hue targets $25.5m in Q2 investment.