Bulgarian economic and trade office opened in HCM City

November 01, 2013 | 10:47

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Bulgarian President Rosen Plevneliev believes the opening of a Bulgarian economic and trade office in Ho Chi Minh City will offer businesses more chances to expand their Vietnamese and the Southeast Asian operations.

President Plevneliev and HCM City People’s Committee Vice Chairperson Nguyen Thi Hong cut the ribbon at the office’s opening ceremony on October 31.

The President went on to describe the office as a timely initiative to support realizing cooperative documents the two countries have recently reached and direct their relationship towards forming a strategic partnership with a reinvigorated economic cooperation model.

Bulgaria considers its relationship with Vietnam an important part of its wider Asian strategy, he said.

He pledged to ease the entry of Vietnamese goods into Bulgaria and other European countries.

Bulgarian businesses are eager to invest in Vietnam, President Plevneliev said, noting the two countries’ attempt to raise bilateral trade turnover from its current US$60 million to US$500 million as soon as possible.

Vice Chairperson Hong said the office presents a new marker in the economic and trade ties between Bulgaria, HCM City, and Vietnam.

She expressed her hope that with a strong contingent of businesses operating in various fields, HCM City will contribute to boosting bilateral economic and trade ties.

The President and his entourage toured the Cu Chi underground tunnel network and Ben Duoc Temple later on the same day.

VOV

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