NA Chairman Vuong Dinh Hue at a press conference during his official visit to Bulgaria (Photo: VNA) The associations and enterprises ofBulgaria introduced the fields they are operating in, including businessconnection, mining, manufacturing of food and veterinary products, and otherindustrial sectors.
They also expressed their intentionto connect and readiness to form investment and business links with Vietnamese partners.
Chairman Hue spoke highly of theBulgarian NA’s recent ratification of the EU - Vietnam Investment ProtectionAgreement (EVIPA) and considered this a stride which, together with theratification by the legislatures of other EU countries, will help the deal comeinto effect soon and generate benefits for all EU members and Vietnam.
He called on the BIA and BCCI to cooperatewith the Vietnam Chamber of Commerce and Industry (VCCI). He also assigned the Vietnamese Embassy in Bulgaria to coordinatewith relevant organisations of the European country to hold such events as seminars,business trips, forums, fairs, and exhibitions so as to help the countries’enterprises seek partners and explore investment and business opportunities.
Aside from fueling trade activities,the EVIPA, once taking effect, will facilitate bilateral investment, he noted.
When setting up partnerships withlocal partners and investing in Vietnam, Bulgarian enterprises will have conditionsto enter the broader Association of Southeast Asian Nations (ASEAN) market, which has acombined population of about 650 million and is the world’s fifth largest economy.Meanwhile, Vietnamese investors and businesses working with Bulgarian firmswill also hold chances for cooperation with other EU members, especially theBalkan countries, Hue went on.
The visiting leader said that duringhis meetings with the Bulgarian President and Prime Minister, the host leaders hadaffirmed their support for the two countries’ businesses to form joint venturesto invest in each other’s markets or a third country.
Talking to the representative of GeotechminOOD – a major mining company, he said there remains enormous cooperationpotential in this field. He suggested it invest in or transfer miningequipment to Vietnam.
The NA Chairman told Biovet JSC, which specialises in manufacturing veterinaryproducts, that the export value of Vietnam’s agricultural sector topped 53billion USD in 2022. The Southeast Asian nation is also a big market forveterinary products as its animal husbandry sector is growing fast.
Apart from working with the Vietnamese Ministry of Agriculture and RuralDevelopment to discuss concrete cooperation areas, the company can partner withsome Vietnamese companies to distribute its products or even build a factor ofveterinary drugs in the country./.
VNA
