The Vietnamese Embassy in Israel, in collaboration with the Israel-Asia Chamber of Commerce, held a ceremony on March 22 to inaugurate the Israel-Vietnam Chamber of Commerce.
Vietnamese Ambassador Do Minh Hung speaks at inaugural ceremony of Israel-Vietnam Chamber of Commerce (Photo: VNA)
Tel Aviv (VNA) – The Vietnamese Embassy in Israel, in collaborationwith the Israel-Asia Chamber of Commerce, held a ceremony on March 22 toinaugurate the Israel-Vietnam Chamber of Commerce.
Speaking at the event, Vietnamese Ambassador Do Minh Hungbriefed participants on the two nations’ trade situation and prospects.
Despite impacts of the COVID-19 pandemic, the bilateralrelations in general and the trade ties in particular have developed strongly,with the trade turnover hitting 1.8 billion USD, a rise from 1.6 billion USD of2020, and 1.2 billion USD of 2019.
Vietnam maintains its status as Israel’s largest trade partner inSoutheast Asia, he stressed.
Einat Halevi Levin, President of the Israel-Vietnam Chamber of Commerce (Photo: VNA)
Einat Halevi Levin, President of the Israel-Vietnam Chamberof Commerce, said that the decision to set up the chamber was prompted by the huge cooperation potential andrapid trade growth between the two countries.
The chamber will provide support for the two business communitieswith a goal of doubling the two-way trade value, she said, adding that it hasreceived big assistance from the Israeli Government.
Representatives from Israeli enterprises showed theirinterest in investing in Vietnam – a nearly 100-million-consumer market, andtheir hope to import commodities of all kinds, from machinery, automobile to food fromVietnam./.
Israel's removal of import quotas and opening of its dairy market create a good opportunity for Vietnamese businesses to approach Israeli importers and boost exports to the country in the near future, the Vietnamese trade office in Israel has said.
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