Vietnam and Norway promote commerce cooperation by on-line convention

Vietnam’s Ministry of Trade and Commerce in collaboration with the Norwegian Ministry of Commerce, Trade, and Fisheries, the Vietnamese Embassy in Norway, the Norwegian Commerce Coverage Division (Innovation Norway), and different businesses will organise a web-based commerce convention on November 25 to attach Vietnamese and Norwegian companies and increase bilateral commerce.

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 change 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 overtly talk about and be taught extra about one another’s wants and capabilities and are available to an settlement on alternatives and growth cooperation, contributing to strengthening the bilateral relationship between the 2 nations.

The convention can be one of many actions inside the framework of the Vietnam Worth Programme chaired by the Ministry of Trade and Commerce, which follows the aim of selling commerce change between Vietnam and nations all over the world. On the identical time, it is without doubt one of the actions on the 50th anniversary of the institution of diplomatic relations between Vietnam and Norway this November.

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

In accordance with Andreassen, Vietnam’s participation in free commerce agreements (FTA) has had a optimistic impression on commerce change between Vietnam and Norway in recent times.

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 stated that within the final 5 years, bilateral commerce between the 2 nations recorded a reasonably secure development of greater than 10 per cent yearly and reached $1 billion in 2020.

Vietnamese and Norwegian trade has grown by more than 10 per cent annually 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 vitality merchandise – the figures present that each nations 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 up to now, Nguyen Thi Lan Phuong from the Division of Multilateral Commerce Coverage underneath the Ministry of Trade and Commerce will partly reply the wants of companies of the 2 nations 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 needs to advertise to Norway, which focuses on seafood merchandise. Dung may also present particular details about merchandise, export values, and benefits of Vietnamese merchandise in comparison with different nations within the area, which shall be transmitted to Norwegian organisations and companies collaborating within the programme.

The Norwegian Ministry of Commerce, Trade, 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 also introduce alternatives for cooperation within the seafood sector in Norway, in addition to shopper preferences for seafood merchandise.

The Norwegian aspect may also speak about one among its strengths, clear vitality sources, with giant firms resembling 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 change.

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

By Van Nguyen

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