Vietnam hopes the Romanian side would create favorable conditions for its agricultural products to reach Romania’s potential market, said PM Nguyen Xuan Phuc at the reception for Romanian Minister for Business Environment, Commerce, and Entrepreneurship Stefan Radu Oprea in Hanoi on October 23.
Prime Minister Nguyen Xuan Phuc receives Romanian Minister for Business Environment, Commerce, and Entrepreneurship Stefan Radu Oprea. Photo: Quang Hieu
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The government leader emphasized that Vietnam has a diverse range of agricultural products, calling on Romania to bolster ties to help such products enter their potential market.
Phuc expressed his hope that Romania's is rotating presidency of the European Union (EU) will help promote the signing of the EU-Vietnam Free Trade Agreement (EVFTA) and the Investment Protection Agreement (IPA) towards enhancing cooperation.
Valuing Romania’s advantages in manufacturing industries, he said Vietnam has a population of about 100 million and is a great potential market for Romanian firms in all fields.
The PM also shared his guest’s view that bilateral trade remains modest, adding that he hopes the two sides will raise their trade to more than US$500 million and will achieve more positive results.
For his part, Minister Stefan Radu Oprea also said that he has worked with relevant Vietnamese agencies to promote cooperation in agriculture, information technology, Industry 4.0 technology, tourism.
Romania is committed to promoting strong cooperation in many fields such as infrastructure development, research infrastructure, hospitals and so on, Oprea added.
He also noted that Romania will hold the presidency of the EU Council in the first half of 2019 – a good opportunity to promote Vietnam’s cooperation with the EU and Romania, including the signing of the EVFTA.
Oprea also said that he shared the view with Vietnam’s Ministry of Industry and Trade that bilateral trade and economic ties boast huge potential, agreeing to target trade revenue at US$500 million in the near future, instead of just US$200 million at present.
