HCM City (VNA) - A database should bebuilt to provide legal advice and information for overseas Vietnameseenterprises that want to invest in the country and build a strong brand forVietnamese exports, heard a recent meeting in Ho Chi Minh City.

More than 100 representatives from governmentagencies and members of the Business Association of Overseas Vietnamese(BAOOV), HCM City Union of Business Association (HUBA) and HCM CityAssociation for Women Executives and Entrepreneurs (HAWEE) took part in themeeting. 

BAOOV Vice Chairman Peter Hong said oneof the missions of the association is to create a network to connectoverseas Vietnamese enterprises, providing them with information about thecountry’s potential for investment. 

Phung Cong Dung, Chairman of the HCM CityCommittee for Overseas Vietnamese, said the meeting has focused on discussingways to improve the quality of human resources and the competitiveness of thecity’s economy.

This event creates an international network toshare information and mobilise resources for the city’s 4.0 industrialrevolution era, he said.

HUBA Chairman Chu Tien Dung said Vietnamesebusinesspeople around the world should remain connected so they can makecontributions to the development of HCM City and the country.

Also speaking at the meeting, HAWEE ChairwomanCao Thi Ngoc Dung said that the association through the event wanted toincrease exports to international markets with the support of overseasenterprises.

During the event, a Memorandum of Understanding(MoU) on cooperation was signed between BAOOV, HABU and HAWEE with the slogan“Solidarity – Innovation – Cooperation – Development”.

Established in 2009, BAOOV has branches inmore than 50 countries. It shares information about investmentopportunities in Vietnam and other countries among overseas Vietnamese businesscommunities, and attracts resources on finance, governance, trade, investmentand technology.

BAOOV has created a favourable environment foroverseas Vietnamese businesses and given effective advice for members aboutVietnamese laws, administrative procedures and State policies.

More than 4.5 million Vietnamese live in 100countries and territories around the world. 

The overseas Vietnamese business communityincludes at least 6,000 members connected to Vietnam via technology andbusiness fields.

In the first half of the year, HCM City receivedoverseas remittances of 2.5 billion USD, a rise of roughly 20 percent over thesame period last year. Last year, Vietnam received 13.8 billion USD inremittances sent home by overseas Vietnamese.-VNA