Registration Deadline: January 27, 2018
Pennsylvania’s Office of International Business Development (OIBD) invites you to join us on a business development mission to Vietnam and the Philippines.
Meeting face-to-face with prospective customers andpartners is crucial to establishing business relationshipsin Southeast Asia. We can help you meet your business objectives by designing a business itinerary tailored to your company’s specific needs.
This mission, to one of the most rapidly growing regionsof the world, will aggressively promote commercial tiesand encourage small- to medium-sized businesses to explore new trade opportunities. The mission is open to all industry sectors.
As a mission participant, you will receive:
• Pre-arranged, one-on-one business appointments with prequalified business partners based on your criteria
• Detailed background information about each company provided in advance
• Logistical assistance
• Services of the commonwealth’s trade representative
• Follow-up assistance after the mission
Why these markets?
With a current GDP of about US $200 billion and an average growth rate of 6.5% in 2015 and 2016, Vietnam has become the United States’ fastest growing export market in the last two years. This growth is potentially sustainable with forecasts reaching 6.7% for 2017 and 2018.
U.S. exports to Vietnam in 2016 were at $10.2 billion, up 43percent from 2015 and up 823 percent over the past decade.
Key U.S. goods exports to Vietnam include electrical machinery, aluminum, aircraft, cotton and industrial machinery. Vietnam is the U.S.’s 10th largest agricultural export market, with exports of $2.7 billion in 2016. Other promising opportunities are in ICT, oil and gas exploration,power generation, transportation infrastructure construction, environmental project management and technology, aviation, healthcare and education.In Vietnam, English is becoming a popular second language.
At about US $300 billion current GDP and a 6.4% average growth rate in 2015 and 2016, the Philippines is the 10th fastest growing economy in the world. Forecasts look very promising as growth is estimated at 6.7% until 2018.
The United States is the Philippines’ third largest supplier,with a nine percent share of the country’s imports.
Best prospects for U.S. companies in the Philippines are inenergy, ICT, transportation infrastructure, medicalequipment, agricultural products, and water resources.Other promising sectors include franchising, aviation, andsecurity. The Philippines also ranks in the top 10 markets inthe world for U.S. food and beverages.
The Philippines is a former U.S. colony, leaving a huge influencein the country's present day culture, including becoming the fourth-largest English-speaking country in the world.
• Deadline: January 27, 2018 (All participation agreements must be completed and submitted with full payment by this date.)
• First 10 qualified companies will be accepted
• Registration fee: $600
Companies are responsible for all travel and business related expenses.