|President Truong Tan Sang (right) gives a speech addressing the Viet Nam-Denmark Business Forum in Copenhagen in Denmark yesterday. — VNA/VNS Photo Nguyen Khang
COPENHAGEN (VNS)— President Truong Tan Sang spoke highly of Danish enterprises' socio-economic co-operation when addressing the Viet Nam-Denmark Business Forum in Copenhagen yesterday.
He confirmed Viet Nam's policy of incessantly improving the investment environment for foreign players to facilitate their long-term, effective and sustainable operation in the country.
The President stated that Denmark was becoming a leading economic partner of Viet Nam in northern Europe and the EU and predicted a rise in bilateral trade and investment following the two sides' signing of the Partnership and Co-operation Agreement and on-going negotiations on a Free Trade Agreement.
The establishment of a strategic partnership with Denmark in climate change, energy, environment and green growth vividly manifests Viet Nam's efforts in responding to global challenges, building a greener and cleaner economy and creating big opportunities for both countries' businesses, according to the President.
He advised Danish businesses to secure a firm foothold in Viet Nam's economy.
The President stressed that Denmark's expertise in wind and renewable energy, sea transport, seaport construction, pharmaceutical industry, machinery and food production was urgently needed by Viet Nam and hoped for co-operation in these areas in the future.
He reiterated that Viet Nam welcomed Danish enterprises and facilitated their productive operation and expressed his delight at bilateral economic ties in recent years.
Two-way trade between the two countries rose to around US$470 million in 2012 from nearly US$320 million in 2008, a 47 percent increase.
Denmark now has 106 investment projects worth US$674 million, ranking 25th out of 100 countries and territories investing in Viet Nam. Most projects relate to processing technology, manufacturing and transport.
Earlier, President Sang and his entourage met with Copenhagen Governor Frank Jensen to witness the signing of a Memorandum of Understanding on planning, infrastructure building and green growth between the two countries' capital cities.
The same day, Queen Margethe II hosted a farewell ceremony for President Truong Tan Sang to mark the ending of the guest's state visit to Denmark. — VNS