The enterprises operate in a wide range of areas including farm produce such as fruit, tea and coffee, seafood and dairy, besides mechanical equipment and plastics, handicrafts, energy, finance, banking and human resources.

Farm produce is among the staples Vietnamese companies hope to ship to the Bulgarian and Romanian markets.

The week-long trip aimed to better advertise Vietnamese enterprises and provide them with the latest market information so they could adopt effective business strategies to accelerate their exports, a representative from Vietrade said.

Currently, Romania is the largest market in southern Europe for Vietnamese goods, with a population of 21 million people. The country is regarded as a gateway to the EU with more than 500 million consumers thanks to its geographical position.

Trade relations between Vietnam and Romania have seen positive results in recent years. Last year, bilateral trade saw a slight increase of 6 percent to 218.3 million USD, with Vietnamese exports accounting for 150 million USD, up 23 percent year-on-year.

In the first quarter of 2019, bilateral trade turnover saw a significant rise of 37 percent to nearly 67 million USD, mainly due to Vietnamese exports which surged 60 percent year-on-year.

The same picture has also been seen in the two-way relationship between Vietnam and Bulgaria.

The nations’ leaders had agreed to develop bilateral co-operation on the basis of taking advantage of the potential and strengths of the two countries. Under the deal, Vietnam could export a number of major products to Bulgaria. These goods would be processed at facilities located at Bulgarian ports and then exported to European markets and Balkan countries, the representative said.

After slumping nearly 19 percent to 89 million USD in 2018, trade value between Vietnam and Bulgaria rebounded in the first two months of 2019 with turnover of 15 million USD, up 26 percent year-on-year. Of the total, exports of Vietnamese goods reached 8.2 million USD, a hike of 87 percent.

Record numbers for newly established businesses during Jan-Sep

The number of newly established enterprises in the first nine months of 2019 continued to reach a new record at nearly 102,300, according to the latest figure published by the General Statistics Office of Vietnam on September 28.

E-commerce to help businesses boost exports

Vietnamese businesses should make use of e-commerce to promote exports, heard a workshop held in Ho Chi Minh City on September 25.

Young businesswoman promotes water puppetry art to the South

With the desire to preserve and promote the unique water puppet art of the nation, a young girl named Hoang Huong Giang has implemented a bold project: building a miniature water puppet stage right in the heart of District 1, Ho Chi Minh City.

Businesses develop, budget revenue increases

(BGO) – Bac Giang province is now home to thousands of operating businesses. Among them are many excellent production and business units that have well fulfilled tax duties and been commended and rewarded by the tax sector for many consecutive years.

Vietnam encourages RoK businesses to invest in specialised industrial parks

Vietnam encourages businesses from the Republic of Korea (RoK) to make investment in specialized industrial parks targeting Korean firms and Vietnamese small- and medium-sized enterprises.

Source: VNA