The chairman of the People's Committee of Tuyen Quang Province (Vietnam), Pham Minh Huan, today analyzed the business opportunities existing in the region, during a seminar at the headquarters of the Business Confederation, headed by the president of CEOE International, Marta Blanco The ambassador of Vietnam in Spain, Ngo Tiene Dung and numerous Spanish companies from different sectors with interests in the area participated in the meeting.
The president of the Popular Committee of the Tuyen Quang Province, Pham Minh Huan, said that Vietnam and Spain have had diplomatic relations for more than forty years and pointed out that there are many key areas in the province in which Spanish companies could collaborate, such as as industry, energy, tourism, education or infrastructure, among others.
The Vietnamese president praised the work of CEOE, collaborating with the institutions of the Asian country to promote and organize seminars, business meetings and joint activities, in order to encourage and enhance technological and industrial cooperation between the two countries. He also reported that the Government has launched programs to encourage investment in the area and create an attractive business climate for foreign investors.
Minh Huan presented the existing business opportunities in agriculture, where advice is needed for the transfer of technologies, for food processing, exploitation and distribution of the same. He also suggested joint collaboration on projects to protect and maintain forest biodiversity and water management and treatment. Finally, he spoke of the need for infrastructures in both urban and rural environments, to attract tourism and improve conditions.
The ambassador of Vietnam in Spain, Ngo Tiene Dung, has emphasized the signing of the two agreements on June 30 in Hanoi. On the one hand, the free trade agreement between the EU and Vietnam will be signed and, on the other hand, the agreement of Reciprocal Promotion and Protection of Investments, which represents a great advance in the evolution of our bilateral relations.
The president of CEOE International, Marta Blanco, praised the signing of two agreements and undertook to disseminate the repercussions and benefits that both agreements will bring to the relations between both countries, as well as to inform of the business opportunities that may arise for the Spanish companies. Blanco explained that the signing of the agreement will lead to the elimination of 99% of Vietnam's export duties to the EU and 65% of EU export duties to Vietnam, committing to increase this figure in the next 10 years. , until reaching 99%.
The head of service of Asia, non-EU Europe and Oceania of the Secretary of State for Trade, Mar Serrano, mentioned to participants the financing instruments available for companies interested in investing in Vietnam. He highlighted, among them, the Fund for the Internationalization of Spanish Companies (FIEM); the aid of COFIDES (the Spanish Company of Financing for Development); and the credits of CESCE (Spanish Insurance Company of Export Credit).