Vietnam, Netherlands boost trade, investment relationship

29 Apr '22

2 min read

Pic: Shutterstock

Dutch vice minister for foreign economic relations Hanneke Schuiling, during a recent visit to Vietnam, expressed her wish for the approval of the $1-billion Cai Mep Ha logistics centre and deep-sea port. She met Vietnam’s vice minister of industry and trade Dang Hoang An to discuss the bilateral trade and investment agenda and the implementation of the EU-Vietnam Free Trade Agreement (EVFTA).

The aim of the visit was to promote economic cooperation between both sides, especially in the areas of agriculture, water, logistics, energy and technology.

The Netherlands supports Vietrade and the Dutch Business Association in Vietnam to implement the Ready to Export programme, which fosters cooperation between small and medium enterprises (SME) in both nations.

Schuiling offered further support to facilitate the implementation of the EVFTA in Vietnam, especially in relation to SMEs and multi-modal logistics solutions, according to Vietnamese media reports.

“The Netherlands stands ready to support Vietnam in developing the necessary legislative environment, in particular, the framework to facilitate offshore wind and direct power purchasing agreements by private companies,” added Schuiling.

The Netherlands has invested €50 million ($53.2 million) in both private- and publicly-funded projects in the Mekong Delta, and there is room for a considerable increase in climate funding for Vietnam.

Fibre2Fashion News Desk (DS)

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