Two-way trade between Vietnam and Spain has increased rapidly in recent years, said the Import Export Department under the Ministry of Industry and Trade.
The country earned 1.1 billion USD from exports to Spain in 2010 and 1.55 billion USD in 2011, up by 39.96 percent.
According to the department, in the first two months of 2012 alone, the export turnover to Spain earned 275.98 million USD, a year on year increase of 34.43 percent.
Spain is a huge market, the goods the country imports not only meet its domestic demands but also serve approximately 55 million overseas visitors and export to a third country. It needs large quantities of garments and textiles, footwear, household commodities and seafood, which is a big advantage for Vietnamese businesses.
However, experts at the Import Export Department suggested that enterprises need to study the European country’s business culture very carefully to ensure successful negotiations.-VNA