The economic, trade and investment relations between Vietnam and Norway have reaped positive outcomes in recent time, according to Minister of Industry and Trade Tran Tuan Anh.
Minister of Industry and Trade Tran Tuan Anh (Photo: VNA)
Hanoi (VNA) – The economic, trade andinvestment relations between Vietnam and Norway have reaped positive outcomesin recent time, according to Minister of Industry and Trade Tran Tuan Anh.
Norway is one of the economic and trade partnersof Vietnam in the North European region, he said in a recent interview grantedto the Vietnam News Agency on the occasion of Prime Minister Nguyen Xuan Phuc’svisit to Norway from May 24-26.
Two-way trade exceeded 400 million USD in 2018,representing a year-on-year rise of 13.67 percent, he said, adding that Vietnammainly exported garment-textile, footwear, cashew nut, and wood and timberproducts while importing aquatic products, machinery, equipment, and otherspare parts from the market.
According to Statistics Norway, Vietnam, thePhilippines and China are the three Asian countries that have maintained stableexport growth in the North European nation.
In the first four months of 2019, trade betweenVietnam and Norway surpassed 150 million USD, up 14.4 percent year-on-year.
As of April 2019, Norway had 42 direct investmentprojects in Vietnam with total registered capital of nearly 164 million USD,ranking 41st among the 131 countries and territories investing in Vietnam.
Minister Anh suggested encouraging Norwegianbusinesses to partner with Vietnamese firms in the fields of maritime,shipbuilding, aquaculture, renewable energy, and tourism.
At present, Norwegian enterprises are particularlyinterested in cooperation in developing aquaculture and processing aquaticproducts in Vietnam, he said.
They are also interested in renewable energy,oil and gas production projects, he added.
To boost goods exports to Norway, the Ministeradvised local businesses to focus on improving the quality of products andstudying the market to address trade and technical barriers as well as meetstrict requirements on the traceability of products, social responsibility,environmental protection, and business ethics.
He also suggested increasing meetings withdistributors and large-scale supermarkets to set up long-term partnerships andpromote the export of Vietnamese goods.-VNA
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Minister of Industry and Trade Tran Tuan Anh (Photo: VNA) 
