Business

Vietnamese firms seek way to enter Ukraine

Vietnamese businesses on September 25 gathered at a seminar to discuss how to access Ukraine, one of the country’s potential market for export.
Vietnamese businesses on September 25 gathered at a seminar to discusshow to access Ukraine, one of the country’s potential market for export.

Le Hoang Oanh, deputy head of the Ministry of Industryand Trade’s Trade Promotion Department, said that Vietnamese goods havenot established a remarkable position in import-export activities ofUkraine while the European country has shown a stable growth in exportand import of goods of Vietnam’s strategic items.

Theseminar aims to provide information on Ukraine’s market such as consumerdemand, price fluctuation, culture and trade-related legal documents todomestic businesses with hopes to boost trade ties between twocountries.

By the end of 2011, Ukraine has 10 projectswhich are still effective in Vietnam, with total registered capital ofover 23.27 million USD, ranking 59th among 92 countries and territoriesinvesting in Vietnam.

Ukraine’s investment projects focus on transport, processing industry and manufacturing.

Vietnam has so far invested in five projects in Ukraine worth of nearly 3 million USD.-VNA
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