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VN, Slovenia to develop closer trade relationship

Update: November, 16/2015 - 08:13

Deputy Minister Ministry of Industry and Trade Ho Thi Thoa and Slovenian Minister of Economic Development and Technology Zdravko Pocicalsek. — Photo vietnamnet

HA NOI (VNS) — The Ministry of Industry and Trade (MoIT) would support and facilitate business opportunities for Vietnamese and Slovenian firms in both countries, said Deputy Minister Ho Thi Thoa.

In her speech at a Viet Nam-Slovenia business forum in Ha Noi last Friday, Thoa suggested the sides stepped up economic and investment cooperation, especially in the paper industry, electronics, maritime transport, logistics and processing-related fields.

Slovakia was a crucial bridge that helped Vietnamese goods make inroads into the EU, she stated, affirming that Viet Nam was willing to assist Slovenian firms in accessing ASEAN markets.

Ante Milevoj from Slovenia's Chamber of Commerce and Industry introduced participants to Slovenia's market characteristics, saying the country had the highest income per capita among the EU's new member nations.

Viet Nam established embassy-level diplomatic ties with Slovenia in June 1994. Two-way trade has recorded considerable development, up 10 times from 2005 to 2014.

Viet Nam-Slovenia trade doubled to US$125.3 million in 2014 from only $59.9 million in the previous year.

According to Slovenian Minister of Economic Development and Technology Zdravko Pocicalsek, there are many advantages and opportunities for both countries to boost their connections, especially in heavy industry, sea transport and logistics.

Slovenia wishes to enhance cooperation with Viet Nam in the fields of water management, bio-technology, nanotechnology, transport and logistics.

The economic cooperation agreement signed between Viet Nam and Slovenia and the upcoming enforcement of the EU-Viet Nam Free Trade Agreement (EVFTA) are expected to open up great opportunities for the two countries' businesses. — VNS

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