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Vietnam emerges as top destination for Spanish investors

Trade potential between Vietnam and Spain is great and Spanish businesses are considering Vietnam a top priority for their investment, the Spanish Ambassador to Vietnam affirmed.
Trade potential between Vietnam andSpain is great and Spanish businesses are considering Vietnam a toppriority for their investment, the Spanish Ambassador to Vietnamaffirmed.

Ambassador Fernado Curcio Ruigomezdelivered these remarks at a meeting with Vietnamese and Spanishbusinesses held in Hanoi on March 23.

The Ambassador said that more and more Spanish businesses areinterested in Vietnam’s market, referring to big names such as Elecnor,Befesa, Alstom and ALG that have joined others on a working visit tothe country at this time.

At the meeting, the Vietnam Chamber of Commerce and Industry (VCCI)Vice President Hoang Van Dung affirmed that the Vietnamese governmentwelcomes Spanish businesses to invest in large projects in Vietnam,especially in infrastructure, petroleum, clean energy, tourism andfoodstuff processing.

According to the VCCI, Vietnam-Spain trade has grown by 20 percentannually in recent years and Vietnam has a registered trade surplus. In2009, two-way trade turnover reached 1.1 billion USD.

Spain had, by the end of last year, 16 investment projects in Vietnam,with a combined registered capital of over 20 million USD, ranking 55thon the list of 89 foreign countries and territories investing inVietnam./.
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