With the theme “Prospects of Vietnam-Norway commerce relations within the new state of affairs”, the convention is taken into account a sensible exercise to help Vietnamese and Norwegian companies to attach and trade in regards to the potential of commerce relations and put together new actions as quickly because the pandemic is underneath management.

At this on-line commerce convention, the events will brazenly talk about and be taught extra about one another’s wants and capabilities and are available to an settlement on alternatives and improvement cooperation, contributing to strengthening the bilateral relationship between the 2 nations.

The convention can be one of many actions throughout the framework of the Vietnam Worth Programme chaired by the Ministry of Business and Commerce, which follows the aim of selling commerce trade between Vietnam and international locations around the globe. On the identical time, it is likely one of the actions on the 50^th anniversary of the institution of diplomatic relations between Vietnam and Norway this November.

Janicke Andreassen, Norwegian Deputy Minister of Commerce, Business, and Fisheries, extremely appreciated the robust developments within the friendship and multifaceted cooperation between Norway and Vietnam through the years, particularly lately in fields like marine financial system, renewable power, combating local weather change, and sustainable improvement.

In response to Andreassen, Vietnam’s participation in free commerce agreements (FTA) has had a constructive impression on commerce trade between Vietnam and Norway lately.

On the convention, Ambassador of Vietnam to Norway, Le Hong Lam, will present details about commerce cooperation between Vietnam and Norway within the present context.

Ambassador Lam mentioned that within the final 5 years, bilateral commerce between the 2 international locations recorded a reasonably steady development of greater than 10 per cent yearly and reached $1 billion in 2020.

Vietnamese and Norwegian commerce has grown by greater than 10 per cent yearly and reached $1 billion in 2020

“By way of every nation’s best exports – that’s Vietnam’s agricultural merchandise and Norway’s renewable power merchandise – the figures present that each international locations haven’t reached their full export potential but,” the ambassador commented.

To make clear Vietnam’s commerce insurance policies and rules associated to the FTAs the nation has joined to date, Nguyen Thi Lan Phuong from the Division of Multilateral Commerce Coverage underneath the Ministry of Business and Commerce will partly reply the wants of companies of the 2 international locations in studying in regards to the supporting mechanisms and insurance policies of the governments to advertise bilateral commerce relations.

Assoc. Prof. Dr. Nguyen Huu Dung, chairman of the Vietnam Marine Farming Affiliation, will share potential merchandise that Vietnam desires to advertise to Norway, which focuses on seafood merchandise. Dung may even present particular details about merchandise, export values, and benefits of Vietnamese merchandise in comparison with different international locations within the area, which might be transmitted to Norwegian organisations and companies collaborating within the programme.

The Norwegian Ministry of Commerce, Business, and Fisheries will ship delegates, particularly Vietnamese companies, updates on Norway’s commerce insurance policies and mechanisms, guidelines, and rules associated to Norwegian commerce.

Asbjorn Warvik Rortveit, regional director for Southeast Asia on the Norwegian Fisheries Affiliation may even introduce alternatives for cooperation within the seafood sector in Norway, in addition to shopper preferences for seafood merchandise.

The Norwegian aspect may even discuss certainly one of its strengths, clear power sources, with massive firms corresponding to Equinor and Norwep.

Instantly after the convention, the Commerce Coverage Division and the Embassy of Vietnam in Norway will join about 60 Vietnamese and Norwegian enterprises for trade.

Taking part Norwegian and Vietnamese companies extremely anticipate the organized separate on-line buying and selling rooms, with the listing of companies divided in response to the wants of every enterprise in addition to acceptable fields and industries to make sure that the correct individual is working with the correct companions.