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Press Releases, 9/24/2014

Vietnam seeks opportunities for economic cooperation with Finland

Press Release 202/2014
24 September 2014

Vietnamese Deputy Prime Minister Hoang Trung Hai and his entourage are visiting Finland from 24 to 27 September. During their stay they will visit Finnish enterprises and meet representatives of business and industry. The Deputy Prime Minister’s entourage includes representatives of the Vietnamese Government, the Ministry of Foreign Affairs and the Ministry of Industry and Trade.

Deputy Prime Minister Hoang Trung Hai will meet Prime Minister Alexander Stubb, Minister for European Affairs and Foreign Trade Lenita Toivakka and Minister of Economic Affairs Jan Vapaavuori during his visit. The ministers will discuss the development of trade and economic relations between Finland and Vietnam as well as regional issues. In addition, Deputy Prime Minister Hoang Trung Hai’s entourage will visit Finnish enterprises with expertise of environmental technology.

Vietnam has been one of Finland’s long-term development aid recipients, but with the country’s rapid economic growth in recent years the relationship is shifting to other forms of cooperation. In future, during the transition phase Finland emphasizes the creation of new partnerships, and there is the wish to develop cooperation in a number of different sectors such as education, research, culture, the economy and trade.

The EU is negotiating on a free trade agreement with Vietnam, which will also open up new opportunities for Finnish enterprises. Vietnamese markets with potential for Finland are, for instance, information technology, the energy and environment sectors, water supply and sewerage, the pulp and woodworking industry, the forestry industry, the chemical industry and the education sector.

Additional Information: Second Secretary Marita Meranto, Unit for Asia and Oceania, tel. +358 400 445 035

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Updated 9/24/2014

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