EU businesses seek cooperation opportunities in Vietnam
A delegation of 40 EU businesses will visit Vietnam from November 2-4 to seek investment and business opportunities in agriculture and farm produce trading in the country.
Illustrative image (Source: VNA)The delegation, to be led by EU Commissioner for Agriculture and Rural Development Phil Hogan, comprises firms operating in dairy, cereal, vegetable and wine production, heard a meeting in Brussels on October 13.
According to Diego Canga Fano, Multilateral Relations Director at the EC’s Directorate-General for Agriculture and Rural Development, there will be a range of trade promotion activities in Hanoi and Ho Chi Minh City during the trip such as workshops and meetings with local trade partners and the press.
The enterprises will hold working sessions with the Ministries of Agriculture and Rural Development, Industry and Trade, and Science and Technology, he said.
Diego Canga Fano highlighted Vietnam’s high economic growth rate and young population desiring to use European products as attractiveness to the firms.
Vietnam is one of the EU’s priority partners, he said, noting that the bloc wishes to step up trade ties with the Southeast Asian nation, especially with the EU-Vietnam Free Trade Agreement coming into force soon.
At the meeting, Nguyen Canh Cuong, Vietnamese Minister Counselor in charge of economic and commercial affairs in Belgium, briefed the EU businesses on Vietnam’s economic landscape and its potential for cooperation with the EU.
He told Vietnam News Agency that the EU has carried out many projects aiming to help Vietnam in agriculture and farm produce trading.
Through the visit, the EU aims to expand agricultural cooperation with Vietnam, he said.
Vietnam is the first leg of the EU firms’ trip to ASEAN nations, which will also take them to Singapore and Indonesia.-VNA
You should also see
Top 500 fastest growing enterprises 2024 announced
A ceremony to announce the list of the top 500 fastest growing enterprises in Vietnam (FAST500) and Top 5 and Top 10 real estate - construction - building materials companies in 2024 was held by the Vietnam Report JSC in collaboration with VietNamNet newspaper on April 25.
See more
Business
April 25 gold bullion auction cancelled
The State Bank of Vietnam (SBV) has announced that it canceled the gold bullion auction scheduled for April 25 morning as only one business submitted its bidding form.
Business
High airfares create chance for short-distance trips for Reunification Day holiday
Due to a hike of air ticket prices for domestic flights, Vietnamese tourists are turning to short-distance trips for the upcoming National Reunification Day (April 30) and May Day (May 1) holidays.
Business
Phu Yen, Ninh Thuan attractive to energy project developers
The south-central coastal provinces of Phu Yen and Ninh Thuan have become attractive destinations for investors operating in the energy industry thanks to great potential for renewable energy development.
Business
Petrovietnam posts 9-billion-USD revenue in Q1
The Vietnam National Oil and Gas Group (Petrovietnam) saw total estimated revenue of 231 trillion VND (9 billion USD) from production and business activities in the first quarter of 2024, exceeding the set quarterly plan by 33% and up 19% year-on-year, head a conference held by the group recently.
Business
Forum seeks to increase PPP investment effectiveness
Investment cooperation in the public-private partnership (PPP) form is seen as a strategic option to mobilise private investment and improve public service delivery. However, the implementation of PPP projects in Vietnam still faces a lot of difficulties and obstacles, leading to a low number of successful projects and making the private economic sector cautious.
