Strengthening bilateral economic and trade cooperation after the Vietnam-Israel Free Trade Agreement (VIFTA) comes into effect will bring about great benefits and opportunities to businesses from both countries, Minister of Industry and Trade Nguyen Hong Dien has said.
A Vietnamese business delegation made a trip to Israel on November 3-4 during which they attended a Vietnam-Israel conference on production and trade cooperation in Tel Aviv.
Vietnam’s tourism and farm produce trade potential was introduced to Israeli partners at a seminar held in Tel Aviv on June 15, aiming to boost bilateral partnerships in these areas.
During an interview granted to the Vietnam News Agency on the cusp of the Lunar New Year (Tet) holiday, Ambassador of Israel to Vietnam Nadav Eshcar spoke highly of Vietnam’s successful response to COVID-19, adding that he was also impressed to see the significant growth in trade volumes between the two countries over the last two years despite the pandemic.
Ambassador of Israel to Vietnam Nadav Eshcar spoke highly of Vietnam’s successful response to COVID-19 during a recent interview with the Vietnam News Agency, saying he is impressed to see the significant growth in the trade volume between the two countries over the last two years despite the COVID-19 challenges.
Vietnamese businesses introduced their potential and strong export products in various fields to Israeli partners at a Vietnam-Israel consumer goods trade exchange that was held virtually on November 23.
Vietnam recorded a trade deficit of 101.4 million USD with Israel in the first five months of this year due to declines in the export of key commodities and the resumed import of items of high value.
Nearly 30 Israeli enterprises came together at a roundtable conference in Tel Aviv on June 29 to explore business and investment opportunities in Vietnam.
Two-way trade between Vietnam and Israel hit around 899 million USD in the first 10 months of 2019, with Vietnam enjoying a trade surplus of 401 million USD.
Some 35 Israeli companies explored business and investment opportunities in Vietnam during a seminar co-held by the Vietnamese Trade Office and Israel-based accounting and consulting firm BDO in Tel Aviv on November 5.
Vietnam-Israel trade reached over 790 million USD in the first nine months of 219, with Vietnam’s export revenue of about 410 million USD, according to the Vietnam Trade Office in Israel.
The two-way trade between Vietnam and Israel was estimated at 760 million USD in the first three quarters of this year with Vietnam continuing to enjoy a trade surplus of 440 million USD, according to a Vietnamese official.
Bilateral trade between Vietnam and Israel will continue thriving this year with its value likely to top 1 billion USD, the Vietnamese trade office in Israel said on August 28.
Close to 30 leading Israeli companies joined a roundtable conference on business and investment opportunities in Vietnam, which took place in Tel Aviv on May 22.
Two-way trade between Vietnam and Israel hit 131.29 million USD in the first two months of 2019, with Vietnam enjoying a trade surplus worth 77.47 million USD.
The relationship between Vietnam and Israel is entering a “golden stage” as the two countries regard each other as reliable friends and partners and their economies have enjoyed good growth in recent years.
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