More Israeli businesses eye Vietnamese market

Vietnam is currently an attractive destination for Israeli diamond processing businesses, according to the Asia Pacific Market Department under the Ministry of Industry and Trade (MoIT).

Some Israeli businesses in this field are now transferring operations from China to Vietnam, and have opened a factory in Ho Chi Minh City.

Besides, Vietnam and Israel have much potential for cooperating effectively in the fields of food preservation, agriculture, telecommunications, electronics, solid waste and waste water treatment.

In fact, Israeli businesses are increasingly visiting Vietnam to seek partners. For example, Netafim Company is developing irrigation technology in many southern provinces, and planting sugar cane in Thanh Hoa and cotton in the Central Highlands. Meanwhile Afimilk Company is cooperating with Vietnam’s TH Milk in rearing dairy cows in Nghe An.

(VOV)