A business seminar was held in Hanoi on November 21 to introduce the potential of Finnish and North European markets to Vietnamese businesses.

The event, held by the Vietnam Chamber of Commerce and Industry (VCCI) and the Embassy of Finland in Vietnam , presented Finnish cooperation programmes, financial support tools and funds to connect Vietnamese and Finnish firms, as well as help Vietnam increase competitive capacity.

Addressing the seminar, VCCI Vice President Doan Duy Khuong said that Finland prioritises assistance to Vietnam to reduce poverty and eliminate hunger, focusing on rural development, water supply and drainage, and improving two-way trade relations management.

Two-way trade touched 200 million USD in 2011. In the first nine months of this year, it reached 260 million USD. Of which, Vietnam earned 79 million USD from coffee, rubber, footwear, garment, textiles, handicrafts and wood exports to Finland .
Vietnam imported machinery, electrical and communication equipment and materials for garment and textiles from Finland.

Up to 2011, Finland invested 340 million USD in Vietnam , ranking 26 th of 94 countries and territories that have invested in the country.

Janne Sykko, Trade Counselor of the Finnish Embassy, highly valued the two countries’ cooperation, adding that the Finnish Government pledges to continue supporting Vietnam through official development assistance, business support mechanisms and funds for localities.

He affirmed that Finland will promote cooperation with Vietnam in education and high, clean and green technologies. In the near future it will also transfer work on the technology to Vietnam.-VNA