Vietnam and Greece expand economic cooperation

The Ho Chi Minh City branch of Vietnam Chamber of Commerce and Industry yesterday  hosted the Vietnam - Greece trade exchange with the participation of 16 enterprises from Greece and many Vietnamese enterprises.

Textile and garment are Vietnam's key export items to Greece

Textile and garment are Vietnam's key export items to Greece

Statistics showed that despite the long-time establishment of the diplomatic relations and the two governments have been actively supporting each other at regional and international multilateral forums, however, the trade relations of the two countries still remained modest and has not optimized the potential cooperation.

In 2017, the two- way trade turnover reached over US$ 300 million. Vietnam not only is becoming an attractive destination for foreign investors, including Greece but also has export advantage of agricultural products, textiles and footwear, etc.

Meanwhile, Greece had a developed manufacturing industry, especially its shipping industry in the top of the world. 

In recent years, Vietnam has actively renovated the economy, improving the business investment environment as well as the legal system to attract foreign investors.

In the coming times, the approval of European Union -Vietnam Free Trade Agreement (EVFTA) will contribute to setting the legal corridor and creating opportunities to promote trade relations between the two countries.

Currently, textile and garment are Vietnam's key export items to Greece.




 

BY HA VAN – Translated by Huyen Huong

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