Vietnamese firms promote trade in Romania, Bulgaria

Twenty Vietnamese exporters in the fields of agriculture, machinery, plastics, handicrafts, renewable energy, and banking-finance and human resources services are on a market study tour of Romania and Bulgaria from October 3-9.
Vietnamese firms promote trade in Romania, Bulgaria ảnh 1A Vietnamese firm introduces its products to foreign customers. (Photo: VNA)

Bucharest (VNA) – Twenty Vietnamese exporters in the fields ofagriculture, machinery, plastics, handicrafts, renewable energy, andbanking-finance and human resources services are on a market study tour of Romaniaand Bulgaria from October 3-9.

The tour is arranged by the Ministry of Industry and Trade in collaborationwith the Vietnamese Embassies in Romania and Bulgaria, and partners in the hostnations.

The event takes place on the occasion of the 16th meeting of theVietnam - Romania joint committee on economic cooperation in early October inRomania and in preparation for the 24th meeting of theVietnam-Bulgaria inter-governmental committee slated for November in Bulgaria.

It aims to help Vietnamese enterprises update themselves with information aboutthe two markets and the EU-Vietnam Free Trade Agreement (EVFTA), with a view tooutlining optimal business strategies in Romania and Bulgaria in specific andthe EU as a whole.

During the trip, the group held a Vietnam - Romania business forum in Buchareston October 4, and will organize a similar event in Sofia on October 7. Besides,they will work with several wholesale and retail chains, seafood importers,mechanical plants and financial institutions in the two countries.

With a population of 21 million, the 7th largest in EU, Romania isthe biggest market in southern Europe. Having favourable geographic conditions,Romania is a gateway for trade flow to the EU nations with over 500 millionconsumers. In recent years, Vietnam and Romania have enjoyed thrivingeconomic-trade cooperation thanks to the complementary natures of the twomarkets.

Meanwhile, Bulgaria is one of the first EU countries to approve the Vietnam-EU Framework Agreement on ComprehensivePartnership and Cooperation (PCA). Their economic-trade tieshave witnessed positive development recently, but two-way trade still lagsbehind their potential and expectations. Leaders of the two countries haveagreed upon a new model for economic cooperation, under which Vietnam canexport some products of its strength to Bulgaria, after that they will beprocessed at Bulgarian ports before being sold in the European markets and theBalkan peninsula./.
VNA

See more

Chairman of the Ba Ria - Vung Tau Provincial People's Committee Nguyen Van Tho and Glen Hilton, CEO of DP World Asia-Pacific, sign a Memorandum of Understanding. (Photo: VNA)

Discussion underway for Vietnam’s first FTZ in Ba Ria-Vung Tau

The seaport-linked FTZ in the Cai Mep Ha vicinity is expected to boost the maritime economy to capitalise on the strategic location of Ba Ria-Vung Tau, attract foreign investment, and drive growth in the logistics, seaport, and international trade sectors.

The Tan Ky Tan Quy Bridge crosses the Tham Luong Canal, directly connecting to National Route 1. (Photo: VNA)

HCM City plans substantial investment in infrastructure

HCM City will direct funding towards transport, energy, and telecommunications infrastructure, including national highways, regional connectivity roads, Tan Son Nhat International Airport, Can Gio international transhipment port, and the Lotte Eco Smart City.

Delegates mark the launch of the new shipping route on February 18. (Photo: VNA)

New shipping route linking China, Vietnam, India launched

The container shipping route connecting the ports of Beibu Gulf (China), Hai Phong (Vietnam) and Kolkata (India) is destined to become a key strategic trade axis, contributing to the sustainable growth of both the regional and Vietnamese maritime industries.

Ca Mau province Deputy Secretary Nguyen Ho Hai receives a gift from the Singaporean ambassador Jaya Ratnam at a meeting held on February 17 to enhance exports and cooperation. (Photo: tuoitre.vn)

Ca Mau wants more exports to, cooperation with Singapore

The southernmost province of Ca Mau wants to increase agricultural and fishery exports to Singapore and strengthen cooperation in several sectors, Deputy Secretary of its Party Committee, Nguyen Ho Hai has told Singaporean embassy officials.

Permanent Deputy Secretary of the municipal Party Committee Nguyen Thanh Nghi hosts a reception for Japanese Ambassador to Vietnam Ito Naoki on February 17. (Photo: www.sggp.org.vn)

HCM City looks to deepen ties with Japan

The city aims to deepen cooperation with Japan in key areas such as sustainable urban development, emissions reduction, climate change adaptation, innovation, digital transformation, supply chain resilience, supporting industries, healthcare, tourism, culture, workforce development, and people-to-people exchanges.

Workers process shrimp for export. (Photo: VNA)

Shrimp exports grow in the first month of 2025

Shrimp products recorded a strong 13%increase in export value in January 2025, reaching a total of 273.3 million USD. This growth accounted for 35.3% of Vietnam's total seafood export turnover, contributing significantly to the country's overall seafood export performance.

Vietnam imposes VAT on low-value imported goods

Vietnam imposes VAT on low-value imported goods

It is estimated that if low-value goods worth less than 1 million VND are subject to a 10% VAT rate, State budget revenue could increase by around 2.7 trillion VND (105.6 million USD).

Can Gio International Transit Port blueprint. (Photo: sggp.org.vn)

Can Gio port added to national seaport development plan

The Ministry of Transport has approved adjustments to policies, solutions, and resource allocations for the implementation of the national seaport system master plan for 2021-2030, with a vision to 2050. The Can Gio port is now part of the implementation roadmap.