Vietnam-Poland seek to enhance trade ties

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Vietnam-Poland seek to enhance trade ties.

Pham Thiet Hoa, director of the Investment and Trade Promotion Centre of HCM City (ITPC), said there is much room for the two countries to expand trade and investment ties, during a workshop in Ho Chi Minh City on June 28.

Their bilateral trade last year was worth nearly US$1.6 billion, up 60 per cent from 2017, of which Vietnam’s exports were close to $1.33 billion, a rise of 72 per cent, he said.

At present, Poland is one of the Vietnam’s largest trading partner in the East-Central European region, while Vietnam is Poland’s seventh largest trading partner outside the EU.

Vietnamese exports to Poland include garments and textiles, aquatic products, rice, coffee, pepper, confectionery, mobile phones, and electronic items, while imports from this nation are powdered milk, pharmaceutical products, fruit, and equipment for the coal and shipbuilding sectors.

According to Piotr Harasimowiczm, chief representative officer of the Polish Investment and Trade Agency in HCM City (PAIH), Poland imports a lot of rice, fruits and oil products from other European countries but very little from Vietnam, which is capable of supplying them.

For instance, a lot of the rice Poland imports every year from Europe is actually imported from Vietnam by those countries, packaged in smaller bags and sold to Poland. Poland wants to import directly from Vietnam products like rice, farm produce, cooking oil, and organic and health products.

He said the EU-Vietnam Free Trade Agreement would help boost trade between Vietnam and Poland.