Vietnamese businesses learn more about North Europe's potential

November 23, 2012 | 08:28
The Vietnam Chamber of Commerce and Industry and the Embassy of Finland in Hanoi organized a business seminar on Finland and the North European markets on November 21st in Hanoi, as part of the Vietnam-EU Business Forum 2012.

At the seminar, economists introduced the potential of North Europe in general, and Finland in particular, to Vietnamese businesses.

Moreover, experts from Finland provided Vietnamese participants with practical information on cooperation programmes and the Finnish government’s financial assistance tools, such as Finpartnership and Innovation Partnership Programme.

Finland and Northern Europe are potential markets for Vietnamese enterprises seeking cooperation and investment opportunities.

Finland has also shown great interest in business and investment in electricity, electronics, IT, software production, agricultural product processing, high-class packaging and environmental management in Vietnam.

Though Vietnam and Finland established diplomatic ties in 1974, their bilateral trade has stood at a moderate level.

The two sides’ common goal is to beef up bilateral trade and investment. Rapid economic growth and economic structure reform in Vietnam are seen as good signs for the development of investment and trade between Vietnam and Finland.

Most recently, the Finnish government has put Vietnam on the list of 8 long-term partnerships for bilateral development cooperation. This has created favourable conditions for Finnish businesses, and at the same time confirmed the opportunity for economic development and cooperation for both Vietnam and Finland.


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