Finland willing to help Vietnam in global integration

Finland is willing to support Vietnam with technological solutions, helping the country better integrate into the global economy as well as deal with difficulties after joining the World Trade Organisation (WTO), said Finnish Ambassador to Vietnam Pekka Hyvonen.
Finland is willing to support Vietnamwith technological solutions, helping the country better integrate intothe global economy as well as deal with difficulties after joining theWorld Trade Organisation (WTO), said Finnish Ambassador to VietnamPekka Hyvonen.

Addressing the “Trade Support” forumon March 17 in Hanoi, which drew the participation of 150 businesses ofthe two countries, Ambassador Pekka Hyvonen said his country’s supportfor Vietnam is part of the commitment to the global trade supportFinland has made as a member of the European Union (EU).

The Finnish government will provide practical assistance for Vietnamsuch as trade promotion, creating favourable conditions for the countryto access several European markets, increasing sustainable forestrydevelopment and building information and initiative systems in Vietnam,the ambassador said.

Vietnam Chamber of Commerce and Industry (VCCI)’s vice president HoangVan Dung spoke highly of Finland’s move to include Vietnam in itslong-term partners lists for bilateral development cooperation. He saidhe hopes Finland will continue its support for Vietnam in its relationswith the EU, especially in the negotiations on the recognization of themarket economy in the Southeast Asian country.

According to the VCCI, the growth rate of trade between the twocountries has reached 20 percent in recent years. In 2009, two-waytrade turnover stood at nearly 230 million USD, with Vietnam enjoying atrade surplus.

In term of investment, Finland ranks 51st out of 89 countries andterritories investing in Vietnam with five projects worth a total of33.4 million USD./.

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