An opportunity for Binh Duong enterprises from Horasis

Horasis Asia Meeting 2018 held in Binh Duong is an opportunity to promote the image of Binh Duong province in particular and Vietnam in general to international partners, improve management capacity, level of science and technology, contributing to accelerating the progress of Smart City Project of Binh Duong. This is also an opportunity for provincial enterprises to exchange and connect with a network of senior partners, founders, general directors, leaders of large companies in Asia, the region, and to enhance the ability to seek opportunities, partners, boost trade and investment cooperation between Vietnam, Asia and the world.

To enhance calling for investments

Horasis 2018 is co-organized by Binh Duong Provincial People's Committee and Becamex IDC Corporation and co-organizers, including All Indian Management Association (AIMA), Young Presidents’ Organization (YPO). This is an opportunity to promote the image of Binh Duong province to international partners, improve management capacity, scientific and technological level to contribute to the progress of Binh Duong Smart City Project. It is also a chance for enterprises in the province to exchange and connect with the network of senior partners, founders, CEOs and leaders of leading companies in Asia, the region and the world, heighten the capability to find opportunities, development partners, boost trade, investment cooperation between Vietnam, Asia and the world.

Horasis President - Dr. Frank-Jürgen Richter discusses with Vietnamese colleagues at the conference. 

With this event, Binh Duong continues to become a highlight when hosting Horasis Asia Meeting 2018, shortly after the successful organization of the 11th WTA Conference, Binh Duong province was honorably one of the 21 region having outstanding smart city strategy in the world in 2019 (Smart21) according to criteria of Intelligent Community Forum (ICF).

At this event, provincial leaders and international guests will discuss to come up with new solutions, visions, new business models, support start-up businesses and solutions to Smart City Project. As a result, domestic enterprises have the opportunity to exchange and connect with a network of senior partners, founders, CEOs and leaders of leading companies in Asia, the region and the world, heighten capability to look for opportunities, development partners, promote trade, cooperation between Vietnam, Asia and the world.

Speaking about the reasons for choosing Binh Duong as the host, Dr. Frank-Jürgen Richter, President and Founder of Horasis said: "We are really attracted by the strength and potential of Vietnam's economy in general as well Binh Duong Province in particular. In addition, good infrastructure, modern Exhibition and Convention Center, and the great support from local authorities are also very important factors in our decision. Participants will have many new experiences in Binh Duong New City. We also plan to give the participants a day after the event to experience local culture and visit the special development zone - many investment opportunities will be introduced to help delegates get closer to local businesses”.

In particular, Binh Duong province will open an extra discussion session about investment opportunities in Binh Duong to exchange, connect and introduce potential and investment opportunities of the province; At the same time, call for investments in areas in Binh Duong province such as hi-tech, supporting industry, information technology, electricity, electronics, mechanics, exact mechanics to create, to have precision mechanics, as well as investments in the development of commerce, services, construction, infrastructure development and human resource training... According to experts, the deep integration of Binh Duong, including the host of WTA and Horasis Asia Forum, would help Binh Duong to expand its international cooperation; gain more supports for Binh Duong to realize the comprehensive socio-economic development plan, soon to successfully build up the smart city.

"With Binh Duong leadership’s determination to build a smart city, any interactions with delegations of Horasis will benefit the parties, discussions about AI (artificial intelligence), smart city, Industry 4.0 with the continuous development of education coupled with business and innovation. Some participants gained many experiences in smart city, and how to realize this concept. As the United Nations suggested, by around 2050, 75% of the world's population would migrate to big cities, so the development of standard city templates is critical”, said a representative of Horasis.

Enterprises should seize the opportunity

Nguyen Van Danh - Director of provincial Department of Industry and Commerce - said: "The organization of this event continues to strengthen the position and vision of Binh Duong in the integration process. Businesses should take advantage of the opportunity at the forum to discuss, share experiences and governance vision towards sustainable development, thus creating links for the globalization. After the forum, we will strive to support companies in capturing information and taking advantage of opportunities brought by Horasis 2018”.

According to experts, the connection, learning experiences from large international companies for the integration would bring lot knowledge, experience and many benefits from international enterprises: Firstly, financial potential of Vietnam Nam is mostly weak, the management and rotation of capital sources are difficult, so this is the opportunity to learn financial management experiences from large enterprises. In addition, our human resources are plentiful but generally have low skills; this makes the division of labor system inadequate. We can learn human management from large corporations. Secondly, at present, industrial products are still limited, because Vietnamese enterprises have difficulties in consolidating and developing new markets, while many developing countries are choosing the export increasing strategy. So Vietnam will face competitive pressure right at the domestic market. As a result, Vietnam will face competitive pressure in the domestic market.

The expansion of domestic market under trade agreements would turn Vietnam into a consuming market for foreign products. High-quality foreign goods enjoy tax reductions, which put Vietnamese goods into a fierce competition. But this would be an opportunity to learn strategies for technology investment, product development and market expansion. Thirdly, the globalization of information and telecommunications as a super-fast-growing power could have a direct impact on economies. Learning how to take advantage of opportunities from information technology to develop e-commerce, get closer to the world in the 4.0 era is what businesses should care if they want to grow and integrate...

Talking with us about what Vietnam needs to do in and after Horasis, Dr. Frank-Jürgen Richter, President and Founder of Horasis, hoped that all Vietnamese companies should be open and make contact with all foreign companies at the forum. Enterprises should be active in developing ideas, investment proposals and projects ... and should seize opportunities of this forum as much as possible. From these relationships, enterprises have to take next steps, make plans to visit business partners and go deep into negotiations. Additionally, businesses should promote good points of Vietnam, such as culture, because many travelers are businessmen and they want to explore the culture of Vietnam. Sometimes investment decisions come from the heart. Once they understand and love the culture, they may want to attach to and decide to invest in Binh Duong.

Reported by Tiey My – Translated by Ngoc Huynh