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.

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

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

However, during the first seven months of this year, the region generated 8.3 million EUR in revenue from selling Spanish products to Vietnam, whilst spending 9 million EUR on Vietnamese commodities.-VNA