Spanish enterprises eye Vietnamese market

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VOV News English - 33 month(s) ago 4 readings

A group of Spanish businessmen will attend the Spain-Vietnam Business Forum to be held in Ho Chi Minh City from April 16-17.

According to the Madrid Chamber of Commerce, the Spanish businesses are involved in agriculture, garments, electronics, renewable energy and infrastructure.

The Chamber affirmed that Vietnam is an open economy with a high growth rate, thanks to developing foreign trade.

It also highlighted favourable conditions for Spanish enterprises in the Vietnamese market, including agreements between the two sides in transport infrastructure and the Free Trade Agreement between Vietnam and the EU, which is expected to be signed soon.

The chamber said that two-way trade reached 1.51 billion EUR in 11 months of 2011, in comparison with 1.23 billion EUR for the whole of 2010.

Earlier, in 2008 and 2010, the Madrid Chamber of Commerce organised tours for Spanish enterprises to visit Vietnam to seek business partners.

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