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Conference seeks ways to boost Vietnam - Barcelona business connection

A trade conference connecting firms of Vietnam and Spain’s Barcelona region was held in Hanoi on November 12.
Conference seeks ways to boost Vietnam - Barcelona business connection ảnh 1At the event (Photo: VNA)
Hanoi (VNA) – A tradeconference connecting firms of Vietnam and Spain’s Barcelona region was held inHanoi on November 12.

The event, jointly held by the VietnamChamber of Commerce and Industry (VCCI) and the Port of Barcelona, created achance for businesses of the two sides to meet and seek cooperation.

According to the VCCI, investors from Spainhave paid increasing attention to Vietnam with their strengths in renewableenergy, infrastructure, tourism, high technology, construction andarchitecture.

Vietnam is Spain’s leading trade partneramong the ASEAN countries. In the past 10 years, two-way trade increased 15percent a year, hitting over 3 billion USD in 2017. The two sides aim to lift thefigure to 5 billion USD by 2020.

VCCI Vice Chairman Hoang Quang Phong saidthe countries’ achievements over the years are remarkable but still modest.Hence, Vietnam welcomes businesses from Barcelona to explore its market, since theregion is the most dynamic in Spain and among the four largest industrialcities in Europe.

Barcelona sees five maritime routes whichlink with 18 ports in Vietnam, providing logistics and transport solutions forfirms of Vietnam and other countries in Asia, the US, and North African region.

Phong expressed his hope that the twosides’ entrepreneurs will be able to find cooperation chances through theevent, especially in the fields that Vietnam is seeking investment, includingnew energy development, renewable energy, supporting industry and tourism.

For her part, President of the Port ofBarcelona Merce Conesa said it is the leading port in terms of economic valuein the region, accounting for 70 percent of transport in Catalonia.

In 2017, the port witnessed the largestincrease in value of goods in Europe. As many as 500 businesses are operatingin the port, generating about 3.53 billion EUR (nearly 4 billion USD), or 1.7percent of Spain’s gross domestic product.

The hosts were informed that in 2017, goodsimported from or manufactured in Vietnam totalling 490 million EUR went throughthe port, while exports to the country worth only 11 million EUR.

Vietnam exports coffee, frozen fish andconstruction materials while importing chemicals, foodstuff, and biofuel fromSpain, Conesa noted.

She underlined that the port is looking toenhance connection with Vietnamese firms in logistics for common development.

Logistics sector has recorded stable growthamong Vietnam’s services over the years, with about 1,300 domestic firms. -VNA
VNA

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