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Eight firms hoping to strike new deals in the Far East

Eight Northern Ireland companies will be seeking riches in the far east next week as part of an Invest NI trade mission to Vietnam.

The companies will be based in Ho Chi Minh City and will be seeking to develop trade and business relationships with firms in Vietnam between March 10-12.

The British Consultate in the country has helped many of the participating companies with market research and in lining up a programme of meetings with potential customers in Vietnamese centres including Hanoi.

All but one of the companies in the group are visiting Vietnam for the first time.

Crumlin-based medical diagnostic systems developer Randox Laboratories has had business in the country over many years.

The newcomers to the market are: audio technology company APTx of Belfast; CIGA Healthcare from Ballymena; maker of nutritional products for farm animals Devenish Nutrition; waste treatment specialists FM Environmental from Newry; airport machinery supplier George McIvor of Dungannon; Belfast’s Target Dry, a supplier of leisure garments, and Holywood-based textiles firm Ulster Weavers.

The delegation will hold meetings with existing and potential customers in Kuala Lumpur, Malaysia before going to Vietnam.

Dr Vicky Kell, Invest NI Trade Director, said: “Vietnam now has one of the fastest growing and most vibrant economies in Asia, providing extensive demand for capital goods and a growing domestic market for consumer goods. The companies on this mission are broadly representative of the strengths which Northern Ireland possesses in high tech industries such life sciences, digital technology and environmental engineering, as well as traditional sectors including engineering, specialist clothing and textiles.”

She added that most of the group already had business in other markets in South East Asia.

Belfast Telegraph