Ukraine, Vietnam trade unions cement ties
In 2011, Vietnam shipped seafood, pepper, rice, clothing , textiles and footwear to Ukraine, and in return purchased wheat, machines and steel from the eastern European country.
The two-way trade turnover totaled almost US$300 million, according to new figures released at a conference in Ho Chi Minh City on July 20.
Yevhen Prypik, Ukrainian Trade Counselor to Vietnam, provided the participants with practical information about the two countries’ potential for development, especially in such fields as natural resources, labour and technologies, which Ukraine has proved to be successful within.
Rainbow Centre Deputy Director, Vu The Hoang, said Ukraine is an emerging market with an abundant consumer demand.
Vietnamese businesses, however, do not pay due attention to trade promotion and therefore cannot hold key positions in import and export trade in this market, he added.
To support successful Vietnamese ventures in Ukraine in the future, Hoang outlined his centre is implementing a product promotion campaign, embarking upon market research and introducing customs and requirements for establishing branches or representative offices in the country, in addition to organizing national exhibitions.
He urged businesses to build links with the 10,000 Vietnamese people working and living in Ukraine in order to achieve better results.
The conference aimed to introduce the Ukrainian market to potential Vietnamese exporters. An international exhibition of Vietnamese products is scheduled between 16-22 September in the Ukrainian capital.
The week-long event will be held at the International Trade Promotion Center (Rainbow Centre) in Kiev, which is considered one of the biggest Vietnamese trade centres in Europe.