Denmark, Vietnam to seek stronger trade ties

Denmark and Vietnam will promote potential trade links, focusing on food processing and shipping, pledged His Royal Highness the Prince Consort of Denmark and Vietnamese deputy prime minister Vu Khoan during a reception for a Danish delegation on September 15.      The Danish Royal Highness, together with a Danish delegation consisting of 23 major Danish companies and 6 important Danish business associations within key areas of considerable interest to Vietnam, was on a five-day visit to promote the “Denmark meets Viet Nam” campaign organized to explore commercial co-operation between the two countries.      The Prince Consort, who was born and has spent part of his childhood in Vietnam, said he was delighted to see the country developed vigorously in recent years.      “Fifteen years ago hardly any Danish companies had a permanent presence in this country but Vietnam’s reforms under the doi moi (renewal) process has facilitated commerce and exchanges between Vietnam and the rest of the world,” Viet Nam News quoted the Danish Royal Highness’ comment.      Khoan described Denmark as a “close friend and an important partner” of Vietnam, and hoped the visit by the Danish Royal Highness would foster rapid development of bilateral ties.      With a population of 80 million and annual GDP growth of more than 7 percent in the last three years, Khoan expressed confidence that Danish investors would find abundant business opportunities in Vietnam. He did also mention many successful investment projects carried out by Danish companies there.      The Prince Consort affirmed Denmark’s wish to develop trade links in seafood processing, production of construction materials, and shipping – which are all strong sectors in Denmark.      “Vietnamese farmers and its food industry could find big benefits in expanding co-operation with countries like Denmark,” he said.      He also emphasized Vietnam’s huge agriculture potential, but pointed out lack of modern industrial production methods and insufficient distribution networks had accounted for around 20 percent of the country’s production losses.

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