Spanish businesses look towards Vietnamese market

Leaders of nine businesses in the Spanish Region of Basque Country are visiting Vietnam and Singapore from October 6-10 to seek business opportunities and boost their exports of machinery and marble, according to Bilbao City’s Chamber of Commerce.
Leaders of nine businesses in the Spanish Region of Basque Countryare visiting Vietnam and Singapore from October 6-10 to seek businessopportunities and boost their exports of machinery and marble, accordingto Bilbao City’s Chamber of Commerce.

With apopulation of 91 million, Vietnam is attractive to the Spanish region’senterprises due to its dynamic economy, GDP growth rate and politicaland social stability, a press release issued by the chamber stated.

After recording a trade deficit for two years in a row, the BasqueCountry enjoyed a trade surplus with Vietnam in 2013, with exportrevenue reaching 20.2 million EUR and imports valued at 14 million EUR.

However, during the first seven months of thisyear, the region generated 8.3 million EUR in revenue from sellingSpanish products to Vietnam, whilst spending 9 million EUR on Vietnamesecommodities.-VNA

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