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Vietnam, Slovakia promote trade, investment cooperation

The Vietnamese Ministry of Industry and Trade (MoIT) and the Ministry of Economy of Slovakia should increase cooperative activities and delegation exchanges to enhance trade and investment collaboration between the two countries, said a senior official.
Vietnam, Slovakia promote trade, investment cooperation ảnh 1Minister of Industry and Trade Tran Tuan Anh (R) and his Slovakian Minister of Economy Peter Ziga. (Photo: VNA)

HCM City (VNA) – The Vietnamese Ministry of Industry and Trade (MoIT)and the Ministry of Economy of Slovakia should increase cooperative activitiesand delegation exchanges to enhance trade and investment collaboration betweenthe two countries, said a senior official.

Vietnamese Minister of the Industry and Trade Tran Tuan Anh made the remarkwhile holding a reception for Slovakian Minister of Economy Peter Ziga in Ho ChiMinh City on November 25.

The robust development in bilateral ties have opened up opportunities andpotentials for the two countries to step up cooperative activities for mutualbenefits in economy, trade and investment, Anh said, adding that although two-waytrade revenue has increased through years, it still lags behind expectations ofboth sides.

He underlined that Vietnamese and Slovakian enterprises are still holding greatpotentials to cooperate in the fields of information and technology, mining,electronics, manufacturing technology and tourism.

For his part, Ziga affirmed that Slovakia always cherishes ties with Vietnamand sees the country as a leading partner in Asia, expressing his hope thatboth sides will reach positive agreements during his visit, making cooperationprogrammes in economy and trade more effective.

He suggested that the two ministries should organise more business forums aswell as trade and investment promotion conferences while asked leaders of theMoIT to support Slovakian enterprises to study the Vietnamese market.

In the past years, Vietnam and Slovakia enjoy a stable increase in two-waytrade revenue. Vietnam mainly exported footwear, garments and seafood andimported machines, tools and steel spare parts from the European country.

By the end of October 2017, Slovakia had nine investment projects worth 250million USD in Vietnam, ranking 36th out of 128 countries and territoriesinvesting in Vietnam. Meanwhile, Vietnamese IT company FPT has one investmentproject valued at nearly 500,000 USD in Slovakia.-VNA
VNA
#Vietnamese Ministry of Industry and Trade#Ministry of Economy of Slovakia#cooperative activities#delegation exchanges#trade and investment collaboration#vietnamplus
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