Romania is calling for more Vietnamese investment in multiple fields, said Oana Bizgan, Counsellor for the Minister of Economy, Commerce and Business Environment Relations of Romania.
HCM City (VNA) – Romania is calling for more Vietnamese investment in multiple fields, said Oana Bizgan, Counsellor for the Minister of Economy, Commerce an𒊎d Business Environment Relations of Romania.
She made the statement at the Vietnam-Romania Business Forum in Ho Chi Minh City on June 15.
Romania welcomes domestic and foreign investments and encourages enterprises to shift towards high-tech industries, Bizgan said, suggesting investors from Vietnam search for business opportunities in electronics, electrics, telecommunications and information technology, agriculture, and gas & petroleum.
As the Eastern gate of Europe, Romania is regarded as an appealing destination for foreign investors. It has advantages over other EU countries in terms of labour cost and preferential tariff policies, she added.
Trade between Vietnam and Romania soared from over 10 million USD in the 1995-1999 period to 175.6 million USD in 2015.
Vietnam mainly shipped coffee, seafood, clothing, footwear, electronics products and computers to Romania and imported wheat flour, machines and chemicals from the partner.
The bilateral trade has not yet reached its full potential, noted Vo Tan Thanh, Director of the Vietnam Chamber of Commerce and Industry (VCCI) in Ho Chi Minh City.
He recommended the business communities of the two countries to jointly hold more trade promotion events and cooperate to complement each other.-VNA
Vietnam is considered a bright spot among emerging markets together with Hungary, Romania, Poland and the Czech Republic with its high and stable growth rate.
Chairman of the Ho Chi Minh City People’s Committee Le Hoang Quan asked for furthering bilateral ties while receiving President of the Tulcea County Council of Romania Teodorescu Horia on October 30.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
Illustrative image (Source: VNA)
