HCMC - A delegation of 25 Macau companies and investment funds last Saturday visited HCMC to learn the investment environment in Vietnam and to sound out opportunities, especially in the property and hospitality industry.
By Dinh Dung and Quoc Hung - The Saigon Times Daily
HCMC - A delegation of 25 Macau companies and investment funds last Saturday visited HCMC to learn the investment environment in Vietnam and to sound out opportunities, especially in the property and hospitality industry.
This is the first time these Macau firms come to gauge the potential investment in Vietnam through a business matching held at the Continental Hotel in downtown HCMC. The event was organized by Sao Khue Investment and Trade Promotion Organization, the Macau Trade and Investment Promotion Institute (IPIM) and the Industry and Commerce Association of Macau.
Besides working with the Chamber of Commerce and Industry of Vietnam in HCMC and the HCMC Department of Culture, Sport and Tourism, the delegation met some 40 local companies such as CT Group, Tan Tao Group, Tuan Chau Group, Cotecland, GIICO and Nam Long Group for future cooperation.
The organizer said some 20 property projects were introduced to Macau companies during their five-day visit to HCMC.
For example, GIICO International Investment Corporation brought to the business matching event some tourism property projects underway across the country, including the Venus Cat Ba – Halong International Resort Complex.
Ha Manh Dung, chief executive officer of the corporation, told the Daily that he hoped that Macau partners would be interested in the company’s projects including a casino development in its Venus Cat Ba project.
Joseph Lo, managing vice president of the Industry and Commerce Association of Macau, said the first visit was just a starting point for future business for Macau investors to get a general idea of the investment environment, policies and potentials in Vietnam.
He said after the trip a report would be made to introduce potential investments in Vietnam to Macau companies in the coming time.
During the Vietnam visit, the Macau delegation also had a working session with C.T Group to sound out opportunities for cooperation.
The meeting was the first step to pave the way for future cooperation between Macau enterprises and C.T Group, a property developer and distributor of high-end fashion and cosmetic brands.
Jackson Chang, chairman of Macao Trade and Investment Promotion Institute, appraised potentials for cooperation with C.T Group.
The HCMC-based C.T Group, established in 1992, has 36 members active in real estate, financial investment, high-end retail, cuisine, entertainment, education, healthcare, construction, natural resources, tourism, and import-export among others.