Enterprise Ireland client companies sign contracts worth €7m during President Higgins' State Visit to Vietnam
Dublin, 8th November 2016
At the Presidential Palace in Hanoi yesterday, and in the presence of President of Ireland, Michael D. Higgins, and the President of Vietnam, Trần Đại Quang, a number of Enterprise Ireland client companies signed contracts worth €7m with Vietnamese partners and companies. The Minister for Foreign Affairs and Trade, Charles Flanagan TD, was also in attendance at the signing ceremonies which were organised by the Embassy of Ireland in Hanoi and Enterprise Ireland.
Companies who signed contracts included University College Cork; Anam Technologies; Escher Group, Novaerus, ECDL (ICDL Asia), and Mainstream Renewable Power.
Later this week President Higgins will visit Ho Chi Minh City, where Enterprise Ireland will host a business event and a number of signings between Irish companies and Higher Education Institutions and their Vietnamese counterparts.
Bilateral trade between Ireland and Vietnam has increased five-fold over the last eight years across a range of sectors, notably education, agri-food, aviation and ICT. Last year, over 60 Irish companies exported to Vietnam and 15 of them established a presence in the country, signifying the great potential that exists to further increase our successful collaboration.
Vietnam has a population of over 90 million people, a growing middle-class and a young, dynamic workforce. The demand for new technologies and more sophisticated products and services provides significant opportunities for Irish companies with niche, high-added value offerings. The recently concluded EU Vietnam Free Trade Agreement, which will come into effect in 2018, will provide further opportunity for Irish exporters.
Welcoming the contract announcements Julie Sinnamon, CEO Enterprise Ireland said: “A key objective for Enterprise Ireland is to help companies scale their exports in global markets. The range of sectors represented in the contracts signed in Hanoi demonstrates the competence and innovation of Irish companies, and underpins the growing business links between Ireland and Vietnam. From education to energy, and ICT to aviation, highly innovative and ambitious Irish companies are competing for significant contracts in Vietnam, and winning. Enterprise Ireland looks forward to supporting our client companies in further developing these relationships and expanding market share in Vietnam and the wider ASEAN region, which will result in more job creation at home in Ireland”.
Notes to editor
- Anam Technologies Limited signed a contract with Ericsson to renew its Short Message Service Centre Support for a further three years.
- Escher Group recognised the recent contract to license Escher’s Riposte® Platform to Vietnam Post for 11,500 points of service, with its partner FPT Vietnam. Escher’s Riposte® Platform will deliver a complete point of service solution for Vietnam Post that will operate on desktops, mobile and self-service kiosks.
- ICDL Foundation and Vietnam Ministry of Education and Training (MOET) signed a Memorandum of Understanding (MoU) which outlines closer collaboration between Vietnam’s MoET and ICDL Foundation in establishing a national ICT Framework for Vietnam. With a social mission of advocating digital literacy and strengthening the digital skills level for all, especially for students, the collaboration also advances Vietnam’s integration into the ASEAN and international markets where ICDL is the recognised standard for digital skills in the workforce.
- In partnership with Vinamedical, a leading company in medical equipment supply in the Vietnam market, Irish-based Novaerus’ airborne pathogen control technology will now be available throughout Vietnam. Novaerus provides a comprehensive infection defense system for indoor facilities strong enough to destroy bacteria, viruses, mold, spores and allergens. It’s safe design runs 24/7 to annihilate airborne pathogens. Novaerus technology can be found in healthcare, education, hospitality and other commercial institutions across the globe.
- University College Cork (UCC) signed a Memorandum of Understanding (MOU) with National Vietnam University.
- In addition, global wind and solar developer, Mainstream Renewable Power will develop, build and operate, together with local and international developers, two wind projects with a combined capacity of approximately 940MW in Vietnam. This represents a combined investment injection by Mainstream and developers of more than US$2.2bn for approximately 940MW of wind project developments in Vietnam. Completion of the first phase of projects will result in the largest wind farm in Vietnam.
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