Vietnam, Poland tighten cooperation in trade, investment

The Vietnam Chamber of Commerce and Industry – Ho Chi Minh City Branch recently collaborated with the Polish National Chamber of Commerce to hold the ‘Vietnam-Poland Trade Exchange’. The Polish business delegation participating in this trade promotion is operating in the fields of fresh food, processed food, fresh fruits, canned fruits, condensed fruit extracts, beef and chicken meat.
Statistics showed that in the first four months of this year, bilateral trade exchange between Vietnam and Poland exceeded US$578 million, of which, export value of Vietnam was above $494 million while import value of Vietnam from this market was above $84 million.

Products that account for a large proportion in the Vietnamese export goods structure to Poland include seafood, garment and textile products, plastic products, cereals, coffee and footwear. Meanwhile, Poland currently has demand to import various products, such as rice, farm produce, cooking oil, organic food and healthy products from Vietnam.

As for investment relationship, by April this year, Poland ranked 39th out of 131 countries and territories investing in Vietnam with 15 projects and total registered capital of above $182 million. Foreign direct investment projects of Poland in Vietnam are mainly 100-percent foreign owned projects, concentrating on real estate, industrial processing and manufacturing and information and communications technology. Meanwhile, Vietnam has three projects in Poland with total investment capital of around $8 million in services and food technology, of which, the project of Vinamilk is worth $3 million.

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