Vietnam-EU Trade to Reach US$23 Bln in 2010

3:23:50 PM | 4/1/2008

Vietnam and the European Union (EU) have agreed to boost bilateral trade to US$23 billion in 2010, said Ambassador Marjan Cencen of Slovenia, which currently holds EU presidency.
 
Trade will continue being one of areas of future cooperation between the (EU) and Vietnam as the two economies are complementary, he added.
 
“This may be a good opportunity because both sides are seeking new markets, we can achieve higher trade exchange,” Ambassador Cencen, who is responsible for Vietnam and China, told Vietnamese reporters in Hanoi March 26.
 
Vietnam is a new successful country in the region and the EU is looking forward to economic political, cultural and educational cooperation, Cencen said, elaborating that exchange of high-level visits is one way to learn about each other.
 
This year, the EU will hold a film week in Vietnam to introduce cultures of EU members, contributing to promoting EU images in Vietnam, he said.
 
Vietnam expects to export US$10.4 billion worth of commodities to the EU this year, an on-year rise of 23.5 per cent, the Ministry of Industry and Trade said.
 
To gain the goal, the country plans to expand its exports to the EU new markets such as Lithuania, Czech, Hungary, Poland, and Estonia with key cash earners of apparel, footwear, seafood and woodwork. (Capital Security, VNA)