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Romania calls for more Vietnamese investment

Romania is calling for more Vietnamese investment in multiple fields, said Oana Bizgan, Counsellor for the Minister of Economy, Commerce and Business Environment Relations of Romania.
Romania calls for more Vietnamese investment ảnh 1Illustrative image (Source: VNA)

HCM City (VNA) – Romania is calling for more Vietnamese investment in multiple fields, said Oana Bizgan, Counsellor for the Minister of Economy, Commerce and Business Environment Relations of Romania.

She made the statement at the Vietnam-Romania Business Forum in Ho Chi Minh City on June 15.

Romania welcomes domestic and foreign investments and encourages enterprises to shift towards high-tech industries, Bizgan said, suggesting investors from Vietnam search for business opportunities in electronics, electrics, telecommunications and information technology, agriculture, and gas & petroleum.

As the Eastern gate of Europe, Romania is regarded as an appealing destination for foreign investors. It has advantages over other EU countries in terms of labour cost and preferential tariff policies, she added.

Trade between Vietnam and Romania soared from over 10 million USD in the 1995-1999 period to 175.6 million USD in 2015.

Vietnam mainly shipped coffee, seafood, clothing, footwear, electronics products and computers to Romania and imported wheat flour, machines and chemicals from the partner.

The bilateral trade has not yet reached its full potential, noted Vo Tan Thanh, Director of the Vietnam Chamber of Commerce and Industry (VCCI) in Ho Chi Minh City.

He recommended the business communities of the two countries to jointly hold more trade promotion events and cooperate to complement each other.-VNA

VNA
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