08:30 | 09/08/2014 Cooperation
(VEN) - Poland attaches great importance to cooperation with Vietnam, said Polish Minister of Foreign Affairs Radoslaw Sikorski in a talk with Vietnamese Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh during the deputy prime minister's official visit to Poland from July 25-26.
Vietnamese Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh (left) and Polish Minister of Foreign Affairs Radoslaw Sikorski
During talks, Polish Minister of Foreign Affairs Radoslaw Sikorski assessed that Vietnam is becoming a fast-growing economy that has an important role in Southeast Asia. Polish businesses have seen many investment opportunities in Vietnam and look forward to expanding cooperation with Vietnamese businesses. The Polish government always attaches importance to Vietnam in its foreign policy, in which economic cooperation is considered the foundation of bilateral cooperation.
With higher expectations for opening trade and investment flows between the two countries, Poland supports Vietnam in the early conclusion of negotiations of a free trade agreement with the EU (EVFTA). At the same time, Poland will soon ratify the Partnership and Co-operation Agreement (PCA) between Vietnam and the EU, which Vietnam has signed with the EU, said the Polish Foreign Minister.
Vietnamese Deputy Prime Minister Pham Binh Minh stressed that Vietnam is willing to create favorable conditions for Polish enterprises to enhance trade, investment and business in Vietnam. There are many Polish enterprises effectively investing in Vietnam in such areas as shipbuilding, infrastructure, and environmental treatment and food processing equipment.
Data from the General Department of Vietnam Customs show that bilateral trade came to an estimated US$298.77 million in the first half of 2014, up 24.8 percent from the same period last year, including US$234.14 million worth of Vietnamese exports (up 39.7 percent) and US$64.63 million worth of Vietnam’s imports (down 12.4 percent).
As of late June 2014, Poland had 11 investment projects totaling about US$100 million in registered capital in Vietnam, ranking 40th among countries and territories investing in the country. Vietnamese businesses have three investment projects with a total capital of US$8.3 million in Poland, mostly in food and processing industries.
Attaching much importance to and wishing to further strengthen the good traditional relationship with Poland is a consistent policy of Vietnam; as the coordinator of the ASEAN-EU dialogue relations, Vietnam has committed itself to acting as a bridge for Poland to enhance cooperation with ASEAN, said Deputy Prime Minister Pham Binh Minh.
Polish President Bronislaw Maria Komorowski is expected to visit Vietnam in 2015./.
During this visit, economic relations are to be considered a priority of bilateral cooperation. Accordingly, an early establishment of a Vietnamese-Polish Inter-governmental Committee will be promoted, creating a solid legal foundation for bilateral cooperation. Cooperation in the fields of environment, waste water treatment, education and training and national defense will be further strengthened in the future. Specifically, early signing of a memorandum of understanding between the Vietnamese Ministry of Natural Resources and Environment and the Polish Ministry of Environment will be promoted; a new, more enhanced education cooperation agreement will be soon negotiated to create favorable conditions for Vietnamese students to go to Poland for study and increase the number of scholarships for students from Vietnam. Cooperation in the field of military industry, training and technology transfer will be strengthened.
By Hung Cuong