Bilateral relations between Ireland and Vietnam are set to improve

With more than 50 Irish companies doing business in Vietnam, a market that has the potential to double in a very short time, improving the bilateral relationship between the countries is vital.

As a result of this increased interest, Ho Chi Minh city became an important venue during the visit of the Irish President, Michael Higgins and the CEO of the most important investment Irish Government company – Enterprise Ireland. Signing multiple trade deals and creating new relationships made this visit important for both countries and Healy Consultants expects various business sectors to flourish.

Most notably the education exchange and food sectors are keen on establishing relationships between Ireland and Vietnam. Recently the University College Cork signed a memorandum with a Vietnam top University, further solidifying the notions of interest between the institutions.

Other business sectors looking for better deals in Vietnam is the renewable energy and software, such as Dublin-headquartered software company Escher Group. With negative perceptions around BREXIT, growing, globally important markets such as ASEAN move in and look for more and more quality FDI.