PM calls for breakthrough in Vietnam – Romania economic ties

Economy, Vietnam, Vietnam Finance News

Bucharest (VNA) – Prime Minister Nguyen Xuan Phuc
called for a breakthrough in Vietnam – Romania economic, trade and investment ties
in his address to the Vietnam – Romania business forum in the capital city of
Bucharest on April 15.

Speaking before hundreds of business delegates and
investors, the PM hailed the Vietnam Chamber of Commerce and Industry, the
Romania Chamber of Commerce and Industry and the Vietnamese Embassy in Romania
for holding the event.

The PM informed participants about the outcomes of his talks
with his Romanian counterpart, which he said will open up economic, trade and
investment cooperation opportunities for the two nations.

He said despite annual growth, the two-way trade, which
stood at 218 million USD last year, remains modest compared to their potential.

While the two governments have continuously worked to improve
business climate, firms themselves must strive to expand their scale and adopt
new ways of doing business, he said.

According to him, Vietnam’s membership in 12 free trade
agreements and the European Union – Vietnam Free Trade Agreement (EVFTA) in the
near future will open up opportunities for both sides to boost ties. He also
took the occasion to urge the two countries’ chambers of commerce and industry
to step up ties between firms.

Highlighting Vietnam’s advantages in foreign direct
investment attraction, he particularly underlined the socio-political
stability, improved competitiveness and innovation, a 100 million population
and the goal of attracting 50 million tourists.

The Government leader wished that Romanian enterprises would
push for the signing and ratification of the EVFTA. He suggested the two sides enhance
science-technology collaboration, launch direct flights, and facilitate the
import of quality farm produce and pharmaceuticals.

Romanian business representatives wished that the two
governments would further facilitate cooperation opportunities, especially in
labour export, industry, culture and education. They expressed willingness to
partner with Vietnamese firms, particularly small and medium-sized ones.

They backed the signing of the EVFTA, saying that it will
make it easier for EU and Romanian to do business in Vietnam.-VNA

QBCA

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