Forum aims to boost trade with Portugal

Jul 4th at 13:12
04-07-2012 13:12:00+07:00

Forum aims to boost trade with Portugal

A business conference was held in Ha Noi yesterday to boost co-operation between Vietnamese and Portuguese companies.

Organised by the Viet Nam Chamber of Commerce and Industry, the event attracted 20 businesses from the two countries.

Two-way trade had increased significantly in recent years, from US$100 million in 2008 to $170 million in 2011, said Vu Anh Duc, a spokesman for the chamber.

The figures, however, failed to match potential, Duc said. They needed to be higher.

"Viet Nam is speeding up economic reforms with a focus on facilitating the development of the private sector, perfecting legal frameworks and improving infrastructure," he said. "During the process, we will create good conditions for foreign businesses."

Helena Ramos, manager of business services for the Portuguese Entrepreneurial Association, said the two business communities needed to meet to develop projects and seek trade partners.

During the event, Vietnamese and Portuguese firms discussed publication, food processing, recycled industrial products, construction machinery, plastic films and the production of animal feed.

Albano Martins, sales manager of Casfil, a Portuguese company that makes flexible film for packaging, said: "Viet Nam is a big market for the packaging sector and we came here to find potential partners."

vietnamnews



NEWS SAME CATEGORY

Japan helps Viet Nam boost competitiveness

Japan will help Viet Nam to promote fair competition in the country's business market through a JPY140 million (US$1.75 million) project which started this week.

Controlling inflation remains priority

The Government will continue to place top priority for the remainder of this year on keeping inflation in check and stabilising the macro-economy, said Prime...

Vietnam’s manufacturing indicator on a decline: HSBC

 Vietnam’s manufacturing slowdown continued for the third month in a row in June despite distinct reductions in output prices due to weaker demand and falling raw...

Troubled access to global supply chain

Vietnamese firms are facing difficulties joining the global supply chain.

CPI down, prices up – the two events unrelated?

The General Statistics Office’s (GSO) announcement that the consumer price index (CPI) decreased by 0.26 percent has raised doubts among people--who claim the...

Business closures pass 26,000

Unable to cope with difficulties caused by the global economic crisis, 26,340 Vietnamese businesses have suspended operations or shut down in the first six months...

Quang Ninh's GDP growth rate rises

The GDP growth rate of the northeastern coastal Quang Ninh province in the first six months this year was estimated to be 7.1 per cent, according to the provincial...

Vietnam’s H1/2012 macroeconomic indicators unveiled

 Vietnam’s gross domestic product (GDP) is estimated to have reached VND270.115 trillion ($12.93 billion) in the first half of this year, up 4.38 percent year on...

Economy bouncing back

Inflation has been contained, macro-economy has stabilized and growth is moving up the slope, official statistics show.

Vietnamese spend most of their income on food

The increasingly high proportion of monthly income spent on food shows that the living standard of Vietnamese people has been decreasing. The overly high inflation...


MOST READ


Back To Top