The
Vietnam-Bulgaria Business Forum was held in Hanoi on October 11 to attract more
investment and strengthen bilateral ties.
The event was held jointly by the Vietnam
Chamber of Commerce and Industry (VCCI) and the Bulgarian Small and Medium
Enterprises Promotion Agency (BSMEPA).
Head of BSMEPA’s International Cooperation
Department, Boriana Mintcheva, highlighted Bulgaria’s competitiveness and
favourable geographical position in southeastern Europe, which can allow the
country to expand to both southern and northern European markets.
She also affirmed her country’s incentive
policies for promoting investment, especially in overseas markets. This is a
good opportunity for Bulgarian businesses to invest in Vietnam and attract
investment from the Southeast Asian nation.
At present, Bulgaria has more than 315,800
small and medium-sized businesses that are keen on the Vietnamese market.
Bulgaria exports machinery, pharmaceuticals
and medical equipment while it imports a variety of Vietnamese agricultural
products, including coffee, pepper and seafood.
Speaking at the event, Nguyen Hoa Cuong,
Deputy Head of the Business Development Department under the Ministry of
Planning and Investment, emphasized that Vietnam always creates a good business
environment for foreign investors. It is now aiming to attract foreign direct
investment (FDI) for infrastructure and training human resources.
According to Cuong, eight Bulgarian FDI
businesses were operating in Vietnam in 2010, and the figure is expected to
rise in the coming years.
During the forum, VCCI and BSMEPA signed a
cooperation agreement, laying a foundation for the two countries’ businesses to
tighten links in the future.
VOV
Business & Investment Opportunities
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