Vietnam, Norway boost economic, trade partnership
Minister of Industry and Trade Tran Tuan Anh (Photo: VNA)
Norway is one of the economic and trade partners of Vietnam in the North European region, he said in a recent interview granted to the Vietnam News Agency on the occasion of Prime Minister Nguyen Xuan Phuc’s visit to Norway from May 24-26.
Two-way trade exceeded 400 million USD in 2018, representing a year-on-year rise of 13.67 percent, he said, adding that Vietnam mainly exported garment-textile, footwear, cashew nut, and wood and timber products while importing aquatic products, machinery, equipment, and other spare parts from the market.
According to Statistics Norway, Vietnam, the Philippines and China are the three Asian countries that have maintained stable export growth in the North European nation.
In the first four months of 2019, trade between Vietnam and Norway surpassed 150 million USD, up 14.4 percent year-on-year.
As of April 2019, Norway had 42 direct investment projects in Vietnam with total registered capital of nearly 164 million USD, ranking 41st among the 131 countries and territories investing in Vietnam.
Minister Anh suggested encouraging Norwegian businesses to partner with Vietnamese firms in the fields of maritime, shipbuilding, aquaculture, renewable energy, and tourism.
At present, Norwegian enterprises are particularly interested in cooperation in developing aquaculture and processing aquatic products in Vietnam, he said.
They are also interested in renewable energy, oil and gas production projects, he added.
To boost goods exports to Norway, the Minister advised local businesses to focus on improving the quality of products and studying the market to address trade and technical barriers as well as meet strict requirements on the traceability of products, social responsibility, environmental protection, and business ethics.
He also suggested increasing meetings with distributors and large-scale supermarkets to set up long-term partnerships and promote the export of Vietnamese goods.
Related News
Vietnam ready to export first batch of sweet potatoes to China
13:57 | 06/04/2023 Anti-Smuggling
Australian Governor-General wraps up State visit to Vietnam
13:53 | 06/04/2023 Headlines
Vietnam a potential market for French businesses, investors: experts
16:12 | 05/04/2023 Import-Export
Vietnam active at UN Human Rights Council’s 52nd session
16:11 | 05/04/2023 Headlines
Latest News
Saigontex 2023 attracts over 1,300 domestic, foreign businesses
14:01 | 06/04/2023 Import-Export
Mong Cai international border gate sees strong recovery
16:15 | 05/04/2023 Import-Export
Import and export turnover across Cao Bang prospers but still exists difficulties
10:25 | 05/04/2023 Import-Export
Cashew industry strives to "get on the shelves of world supermarkets"
10:24 | 05/04/2023 Import-Export
More News
HCM City’s industrial production index down 0.9% in Q1
14:47 | 04/04/2023 Import-Export
Fisheries exports estimated at 1.85 billion USD in Q1
14:45 | 04/04/2023 Import-Export
Quang Ninh aims to attract quality FDI inflows
14:43 | 04/04/2023 Import-Export
Exports face many difficulties
13:29 | 04/04/2023 Import-Export
Manufacturing enterprises increase their competitiveness thanks to digital transformation
13:28 | 04/04/2023 Import-Export
32nd Việt Nam Expo promises to boost business linkages
14:19 | 03/04/2023 Import-Export
Prevention of price risks before news that Indonesia increases rice imports in reserve
09:52 | 03/04/2023 Import-Export
Japanese investors highly appreciate Vietnamese property market
17:41 | 02/04/2023 Import-Export
Seafood enterprises propose to remove obstacles from exporting to the EU
10:34 | 02/04/2023 Import-Export
Your care
The system has not recorded your reading habits.
Please Login/Register so that the system can provide articles according to your reading needs.
Saigontex 2023 attracts over 1,300 domestic, foreign businesses
14:01 | 06/04/2023 Import-Export
Mong Cai international border gate sees strong recovery
16:15 | 05/04/2023 Import-Export
Vietnam a potential market for French businesses, investors: experts
16:12 | 05/04/2023 Import-Export
Import and export turnover across Cao Bang prospers but still exists difficulties
10:25 | 05/04/2023 Import-Export
Cashew industry strives to "get on the shelves of world supermarkets"
10:24 | 05/04/2023 Import-Export