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Ho Chi Minh, Vietnam (AHN) - Filipino canning firm, the Century Pacific Group (CPG) says Vietnam is becoming an increasingly important market for sardine exports. The company says Vietnamese consumers are eating more canned tuna and sardines, and CPG hopes to supply them.
CPG Vice President for Finance Oscar Pobre added that lower shipping costs from Manila means the company can compete in the Vietnamese market. The firm may also build a factory in Vietnam to keep up with demand.
But Pobre said an ongoing trade summit to Ho Chi Minh City will help CPG explore the feasibility of trading with Vietnam. Currently, a group of Filipino companies are attending a trade conference in Ho Chi Minh City, organized by the ZMG Signum Ward Howell, the Vietnamese government, the chambers of commerce and industry of both countries and the University of Asia and the Pacific.
About 30 Filipino companies have an estimated $250 million currently invested in Vietnam. Big consumer companies, such as San Miguel Corp. and Universal Robina Corp., have strong markets in the country.
CPG Vice President for Finance Oscar Pobre added that lower shipping costs from Manila means the company can compete in the Vietnamese market. The firm may also build a factory in Vietnam to keep up with demand.
But Pobre said an ongoing trade summit to Ho Chi Minh City will help CPG explore the feasibility of trading with Vietnam. Currently, a group of Filipino companies are attending a trade conference in Ho Chi Minh City, organized by the ZMG Signum Ward Howell, the Vietnamese government, the chambers of commerce and industry of both countries and the University of Asia and the Pacific.
About 30 Filipino companies have an estimated $250 million currently invested in Vietnam. Big consumer companies, such as San Miguel Corp. and Universal Robina Corp., have strong markets in the country.
