VN, Slovakia enhance trade cooperation

14:13 | 05/11/2014

VGP – The Viet Nam Chamber of Commerce and Industry (VCCI) and the Slovakian Embassy co-organized the Viet Nam-Slovakia Business Forum in Ha Noi on November 4.

The event attracted businesses in electric management and equipment, engineering, energy, industry, garment-textile, component and health care from both countries.

According to VCCI Vice President Doan Duy Khuong, Viet Nam can be a destination for Slovakian goods to access markets in ASEAN while Slovakia can help Vietnamese goods to penetrate markets of EU member countries and countries of the former Soviet Union.
Similar advantages of economic structure, stable political environment, and attractive and dynamic market, will give Viet Nam and Slovakia numerous opportunities to boost and deepen bilateral trade relations, particularly cooperation between their business communities, Khuong said.
VCCI is taking measures to promote trade and investment between the two countries. It is organizing a market research trip to Slovakia for Vietnamese enterprises later this month to learn about the country’s business environment and seek partners, Khuong added. 

Miroslav Lajcak, Slovakia’s Deputy Prime Minister and Minister for Foreign and European Affairs, said his country is attractive for investors in mechanics, energy, specialized industry, advanced technology, and the creative industries. 
Slovakia always supports small and medium-sized enterprises as they play an important role in boosting the economic development and raise the import-export turnover and foreign direct investment of both countries, Lajcak said.
He stressed that Slovakia is ready to cooperate with Viet Nam and create favorable conditions for Vietnamese partners.

Slovakia is a leading automobile manufacturer with the highest per capita output of automobiles in the world. The country also has strengths inICT, defence industry, environmental protection and healthcare services. 
According to VCCI, two-way trade between VietNam and Slovakia reached merely US$407 million in 2013, much lower than potential. Vietnamese exports, mainly electronic products and spare parts, footwear and apparel, brought home US$391 million while spending on imports reached around US$16 million from the European country. 
By the end of 2013, Slovakia had five investment projects worth US$235 million in Viet Nam, making it the 31st largest investor in Viet Nam, out of a total 101 countries and territories.
                                                                                                By Vien Nhu