Finland to Help Vietnam Businesses Improve Export Capacity

Text VOVNews

Finland will help Vietnamese businesses access other European markets, promote environmentally and socially-sustainable development in forestry, and build a system for the Information Society.

The announcement was made on March 17 by Finnish Ambassador to Vietnam Pekka Hyvone at the Vietnam-Finland “Aid for Trade” forum co-organised by the Ministry of Industry and Trade (MOIT), the Vietnam Chamber of Commerce and Industry (VCCI), and the Finnish Embassy In Vietnam.


Addressing at the forum, Mr. Hyvone said the Finnish support to Vietnam is part of fulfilling Finland’s commitment, as an EU member state, to improving business cooperation between the two countries.


The commercial and investment cooperation between Vietnam and Finland has seen a significant increase in recent years with an annual commercial growth rate of 20-40 percent, according to the MOIT.


MOIT Vice Minister Le Danh Vinh said the legal mechanism and Finnish government’s assistance will create favourable conditions for Vietnam to become a full market economy as well as for the development of the two countries. “The MOIT is eager to help Finnish businesses invest in industrial projects in Vietnam,” he said.


VCCI vice chairman Hoang Van Dung expressed his hope that Finland will continue her assistance to Vietnam in developing relations with EU countries, especially in negotiations on the recognition of Vietnam as a full market economy.


Vietnam exports a variety of goods to Finland including rubber, footwear, textiles and garments, wood products, bicycles and bicycle spare parts while it imports mechanical equipment, leather material, plastic materials and steels.

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