Vietnamese, Romanian PMs discuss trade potential with businesspeople

The event was organized by the Vietnamese Ministry of Planning and Investment in collaboration with the Vietnamese Embassy in Romania and the Chamber of Commerce and Industry of Romania.

Addressing the event, Ion-Marcel Ciolacu encouraged more Romanian and Vietnamese enterprises to invest in both sides' markets and vowed to support businesses to get access and export to the third market.

He urged businesses to step up partnership in information technology, pharmacy, farm produce and food, expecting to bring more high-quality products of Romania to Viet Nam.

The Romanian leader suggested the need to sign cooperative agreements between seaports of both nations.

In his remarks, the Vietnamese Prime Minister hailed the fruitful developments in the bilateral relations over the last 75 years, particularly in politics, diplomacy, trade, agriculture, industry, labor, tourism, education and training.

The two economies boast many complementary advantages, especially in labor and natural resources, he said.

Geographical distance can be addressed with the good implementation of digital transformation and e-commerce, and modern means of transport, Pham underlined.

The Vietnamese Government always accompanies and supports foreign enterprises, including those from Romania, so that they can make long-term, effective and sustainable investment in Viet Nam in the spirit of "harmonizing benefits and sharing risks", shared Pham.

At the forum, participants were briefed about investment potential, climate and opportunities in Viet Nam and Romania. Businesses had the chance to get a deeper insight into the economic development strategies in each nation as well as their business procedures, infrastructure and human resources./.