EU - A strategic partner

EU a strategic partner of VN

The EU is proud of being VN's strategic partner in all fields from trade and investment to politics and culture.

The European Union (EU) is proud of being a strategic partner ofVietnam in all fields from trade and investment to politics andculture.

Jean-Jacques Bouflet, Minister-Counsellor,Head of the Economic and Trade Committee of the EU Delegation toVietnam , made this statement at a ceremony to launch “Blue Book 2011”,the EU’s annual report on Vietnam ’s economy in 2010-11, in Hanoion May 26.

Vietnam and the EU saw animpressive increase in two-way trade in 2010 with the former’s exportsto the EU reaching over 9 billion USD, up 37 percent compared with theprevious year, he said.

Bouflet said that the EUremained Vietnam’s most important foreign market for such productsas footwear, seafood, coffee and woodwork, with export turnovers of 1.75billion EUR, 739.2 million EUR, 794.2 million EUR and 720.5 millionEUR, respectively.

The EU was also thesecond-largest foreign market of Vietnam, and consumed nearly 20percent of the country’s total exports volume last year, he said.

While praising Vietnam’s decisive actions to minimise negativeimpacts of the global economic crisis in 2009 and early 2010, the EUrepresentative noted that the Vietnamese Government needed to implementbusiness support policies to strengthen confidence and pursue tradeliberalisation efforts towards sustainable development.

Blue Book 2011, a yearly publication by the European Commission,provided an overview of Vietnam’s economic situation in 2010 and thefirst quarter of 2011, and a special chapter on key economic sectors,including garment, footwear, seafood, agricultural products,pharmaceuticals, machinery, banking and finance, transport, technologyand telecommunications, energy, environment, real estate andconstruction./.

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