Opening export markets, attracting investors in renewable energy

SGGP 11/25/2023 07:00

On November 24, in Hanoi, the Ministry of Industry and Trade organized the Vietnam - Asia - Europe Trade Forum to discuss solutions to exploit the potential of this regional market.

Opening export markets, attracting investors in renewable energy

According to Mr. Ta Hoang Linh, Director of the European - American Market Department, the Eurasian market is a large inter-regional market with 28 countries, stretching from Eastern Europe to Central Asia, with a total area of about 23.5 million ^km2 and a total GDP of nearly 4,500 billion USD, so it is a large area for Vietnamese enterprises. This is also a region rich in mineral resources, especially oil, gas, non-ferrous metals, coal, cereals, etc.

At the same time, this is also an area where a large Vietnamese community lives and does business. The exchange of information, sharing of trading experiences, and connections between Vietnamese businesses and the Vietnamese community in this area will support more effective trade and investment cooperation between Vietnam and the Asia-Europe region.

* On the same afternoon, the Vietnam - UK Business Forum also took place in Hanoi to celebrate the 50th anniversary of the establishment of diplomatic relations between Vietnam and the United Kingdom of Great Britain and Northern Ireland (1973-2023).

In the context of Vietnam's exports to key markets in Europe declining in 2023, two-way trade between Vietnam and the UK is a bright spot with total turnover in 10 months reaching 5.87 billion USD, up 1.6% over the same period last year.

Mr. Ta Hoang Linh affirmed that the Ministry of Industry and Trade creates all favorable conditions for UK investors to produce and do business effectively in Vietnam, realizing projects and ideas. For example, in the energy sector, there is great potential between Vietnam and the UK in the process of energy transition cooperation in Vietnam, especially after the Power Plan VIII was approved with a large space for renewable energy.

* Also on November 24, in Hanoi, the Ministry of Industry and Trade organized the Vietnam Export Forum with the theme "promoting green exports" to receive more recommendations from experts, associations, businesses and partners on building policies and solutions for green exports in the coming time.

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