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Media Contact: Ms Hien Bui Head of Communications IDG ASEAN H/P: +65 8229 1060 E-mail: hien_bui@idg.com.vn
IDG ASEAN, CEO & CIO CLUB and SBF Jointly Hosts Business Leaders Bridge Forum in Singapore
Vietnam - November 10, 2009. IDG ASEAN today announces that the prestigious Indochina Business Leaders Bridge Forum will be presented and managed by the company, and co-organized by the CEO&CIO Club and Singapore Business Federation (SBF) on November 11, 2009 at the Raffles City Convention Center. The event is in conjunction with the GES 2009 and the APEC SME Summit.
Despite the economic storm which resulted in very challenging conditions such as lack of liquidity and tight financing, retrenchments and slower trade, the fundamental Indochina investment opportunities remain almost the same. Vietnam, Cambodia and Laos PDR are emerging as promising markets for investors around the region and also the world.
Indochina Business Leaders Bridge Forum has garnered the participation of 17 speakers and panelists, who are top executives of Indochina government Ministries, national and commercial banks, consultancy and law firms, multinational corporations from Vietnam, Cambodia and Singapore, to present and discuss how to expand and grow businesses at the one-day forum.
The urbanization process is taking place rapidly in Cambodia, the Kingdom of 13 million. Millions of people from rural areas have moved to cities to work and live over the last decade. The housing supply for the populace is 50% short of the actual demand. Concrete houses account for less than 20% of dwelling units. These make Cambodia is a promising destination for foreign architecture and construction companies to invest in. H.E Phoueng Sophean, Secretary of State, Ministry of Land Management, Construction and Urban Planning, Kingdom of Cambodia will deliver a keynote of “Cambodia Construction and Business Prospects” at 9:40AM on November 11, 2009.
Following the keynote is Session 1 featuring the topic “Why Invest in Indochina while other Emerging Economies Beckon?” When comparing Indochina with other Asian economies such as China and India, investors sometimes overlook the attractiveness of Vietnam, Cambodia and Laos PDR. The session’s chairman, H.E Pal Buy Bonnang, Inspector General of National Bank of Cambodia and panelists Robert Yap, CEO of YCH Group; Natasak Rodjanapiches, ASEAN Regional Managing Director of Oracle; Dinh Quang Nuong, Deputy General Director of DongA Bank; and Tran Si Chuong, Principal Investor & Chairman of ABBO Investment Consultancy and Engineering JSC will provide the audience with different perspectives and explain why major investors choose to invest in Indochina.
Despite the economic slowdown across practically the whole world, Vietnam has disbursed more than $7.2 billion in FDI in the first 9 months of 2009. With 168 projects receiving additional capital of $4.86 billion, the registered FDI has increased 7% over the same period of last year. Cambodia’s economy also performed quite well during the first nine months of 2009. The country’s GDP in the first 9 months increased 2% year-on-year, according to estimates by the EIC (Cambodia, Jul 09) and IMF (Others, Apr 09). Hence, Cambodia’s GDP for the first 9 months totaled 10.9 Billion USD.
Session 2 which starts at 11:40 of November 11, 2009 is chaired by Dr Vu Minh Khuong, Assistant Professor of Lee Kuan Yew School of Public Policy (NUS). The session will focus on “What Critical Factors Investors Should Consider” when they invest in the region.
In these fast developing countries, infrastructure, telecommunications, transportation, oil and gas, and especially services and leisure are the hottest industries to attract investors. Sessions 3 and 4 in the afternoon of November 11 will focus on opportunities for investors who are keen on these industries. Hoang Van Dung, Standing Vice President of VCCI; Bui Son Dung, Vietnam’s Commercial Counselor in Singapore; Betton Sciaroni, Minister and Legal Advisor to the Royal Government of Cambodia are the distinguished panelists. They will provide potential investors with detailed information about the market and also on the potential challenges.
The forum brings together more than 100 senior level delegates from Singapore and another 70 top officials, businessmen and entrepreneurs from government and private sectors from Vietnam, Cambodia and Laos PDR. Besides the keynote and sessions, the organizers also arranged other value added and business partnering events through the IDG ASEAN Partnership Networking, CEO-CIO Club monthly “Ministerial dialogue” to explore business opportunities and offer the audience with face-to-face discussion with business leaders from 21 countries of APEC, this week in Singapore.
ABOUT INTERNATIONAL DATA GROUP (IDG) Established in 1964, International Data Group (IDG) is the world’s leading technology media, research, and event company. A privately-held company, IDG published more than 300 magazines and newspapers including Bio-IT World, CIO, CSO, Computerworld, GamePro, InfoWorld, Network World and PC World. The company features the largest network of technology-specific websites with more than 400 around the world. IDG is also a leading producer of more than 170 computer related events worldwide including LinuxWorld Conference & Expo®, Macworld Conference & Expo®, DEMO®, and IDC Directions. IDC provides global market research and advice through offices in 50 countries. In Viet Nam, IDG established its subsidiary in 2003 as a 100% foreign-owned company, IDG Vietnam is active in event management, publications, research in technology. Through the presence of ICT conference and exposition brands in Finance, Banking, Education and Training, Communications and Networking, Public Services, Vietnam Computerworld Expo; publications such as PC World, Computerworld, IDG in Vietnam is the leading company in these areas in Vietnamese market. In Cambodia, IDG ASEAN Representative Office was officially opened in June 2009 in Phnom Penh, the Royal Kingdom of Cambodia. Annually, the company organizes Banking Cambodia, Finance Cambodia, ICT & Telecom Exhibition, and CamBuild Conference and Expo to promote business opportunities, trade and knowledge in the market. Further information is available at www.idg.com.vn and www.idgcambodia.com.
ABOUT CEO & CIO CLUB The CEO & CIO Club is the first and non-profit organization. The Club is set up to enhance the role of CEO and consolidate the title of CIO in Vietnam. It officially kicked off its activities in 2007. The Club’s guideline is “Towards a connected, integrated and developed CEO&CIO community” based on voluntary principle of all members. It has provided a platform for members to communicate, exchange information, update latest technology solutions, define strategies and share common interest. In addition, the Club is a strategic partner of IDG and ICT vendors to organize CEO&CIO events. The Club has made a strong connection between its members with more diversified activities including oversea trips and different social networking gatherings apart from monthly meetings.
Further information is available at www.cxo-club.com – www.cxo.org.vn
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Copyright 2009 IDG ASEAN