Poland eyes closer trade ties with Vietnam

Poland hopes to boost trade and economic cooperation with Vietnam, Beata Stelmach, the European country’s undersecretary of state for foreign affairs, told Tuoi Tre newspaper ahead of a visit to Vietnam.
Bilateral trade last year was worth US$400 million, most of which was from Vietnamese exports to Poland, and it had risen by 40 percent year-on-year in the first half of this year. The figure was likely to rise in future.

The geographical distance between the two countries was not an obstacle for Polish businesses to invest in Vietnam since the two countries had developed trade cooperation since 1980.

Vietnamese products were already available in Poland while some Polish pharmaceutical and environmental products had also become well-known in Vietnam.

“Poland will be a gateway for Vietnamese products to enter the EU, and so will Vietnam for Polish goods entering the Southeast Asian market.”

Vietnam exported tea and coffee to Poland which was also be a promising market for Vietnamese textile and garment and seafood.

Poland had offered a $280-million credit line for Vietnam to reduce the trade deficit.

If Vietnam agreed, Poland would grant the loan to its shipbuilding industry and was willing to enlarge the sum.

“We have granted $17 million for a center for shipbuilding research belonging to the Vietnam Ship Building Industry Corporation.”

Stelmach is in Ho Chi Minh City for a Vietnam-Poland trade promotion conference to be held tomorrow. – Vietbiz24

Tags: Vietnam Poland trade

Posted by VBN on Sep 19 2011. Filed under Import-Export. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry