Logo of Phnom Penh Post newspaper Phnom Penh Post - Vietnam, Netherlands look to boost economic cooperation

Vietnam, Netherlands look to boost economic cooperation

Content image - Phnom Penh Post
The Port of Rotterdam – Europe’s largest port. Vietnam and the Netherlands aim to remove barriers to help businesses boost trade cooperation. PUBLIC DOMAIN

Vietnam, Netherlands look to boost economic cooperation

The governments of Vietnam and the Netherlands need to continue removing barriers to help businesses boost trade cooperation, said Netherlands Prime Minister Mark Rutte at a meeting with Vietnamese Deputy Prime Minister Vuong Dinh Hue in Hanoi on Tuesday.

The meeting was part of Prime Minister Rutte’s working visit to Vietnam, with the participation of CEOs from 70 leading enterprises from the Netherlands and Vietnam.

Rutte said his country admired the country’s rapid growth.

He appreciated the efforts of the Vietnamese government in enhancing the business environment, national competitiveness and innovation indicators. He believed economic cooperation, trade and investment between the two countries would grow.
The prime minister also said the two sides had many similarities, due to their proximity to the sea.

Dutch enterprises had advantages in agriculture, water and wind power, and were willing to partner with Vietnamese enterprises, he said.

‘International integration’

The Netherlands is currently the largest European investor in Vietnam with total registered capital of more than $9.5 billion, with well-known corporations such as Heineken, Unilever and Shell.

Last year, bilateral turnover reached more than $7.84 billion, accounting for 1.6 per cent of Vietnam’s total import-export turnover and nearly 14.6 per cent of the total import-export turnover of Vietnam with EU countries.

Speaking at the meeting, Deputy Prime Minister Hue said Vietnam had set a rapid and sustainable growth target for the next five years.

Hue said Vietnam will boost economic restructuring, while improving productivity and quality of economic growth, and scientific and technological development and innovation.

“We will continue to promote the effectiveness of international integration, and push infrastructure development as well as improve the quality of human resources.”

Hue said when the EU-Vietnam Free Trade Agreement (EVFTA) was signed and took effect, it will create new opportunities for Dutch businesses to invest in the country. He expected the Dutch government to support the signing of the agreement.

He said Vietnam was willing to create favourable conditions for Netherlands businesses to invest in areas such as electronics, information technology, high technology, sustainable agriculture, irrigation and environmentally-friendly industry, renewable energy, wind power, seaports, shipbuilding, infrastructure development, healthcare, education and green growth.

“Your success is also our success,” Hue said.

At the meeting, CEOs of Dutch enterprises expressed their willingness to cooperate and invest in the interests of both sides and in accordance with the development goals of Vietnam. VIET NAM NEWS/ANN

MOST VIEWED

  • PM: West unfair to Cambodia

    Prime Minister Hun Sen released a message celebrating the International Day of Peace on Monday, saying that some major powers and western countries had been systemically cooperating to put political pressure on Cambodia as they did in the 1970s and 1980s. Hun Sen said pressuring

  • First ‘mobile kitchen’ in Cambodia enters service

    A catering company recently rolled out Cambodia’s first “mobile kitchen” – a $50,000 container capable of serving up to 200 people at a time. The kitchen is the brainchild of Seng Hok Heng Catering Services. At 4.4m-high, 6.8m-long and 2.4m-wide (expandable to 6.8m), the kitchen is equipped

  • Kingdom, China rebut basis for US sanctions

    The Council for the Development of Cambodia, the Ministry of Foreign Affairs and International Cooperation, and Tianjin Union Investment Development Group Co Ltd (Tianjin) have responded to US sanctions on Union Development Group Co Ltd (UDG), a Chinese-owned company currently developing the sprawling $3.8 billion Dara

  • ‘Bad news is an investor’s best friend’ – unlocking investment potential in Cambodia

    It is time to shop. Economic woes provide good pickings for investors if they know where to look The poem If, written by English Nobel laureate poet and novelist Rudyard Kipling for his son circa 1895, is widely perceived as fatherly advice for John who would

  • PM requests Russia’s Covid vaccine

    Prime Minister Hun Sen has requested that Russia provide Cambodia with its Covid-19 vaccine after the former announced it planned on mass vaccinating its population next month. The request came on Thursday through the prime minister’s Facebook page as he met with Anatoly Borovik,

  • Influenza breaks out in eight provinces

    Nearly 600 people have been infected with influenza in eight provinces in the past month, Ministry of Health spokesperson Or Vandine said. The ministry is advising extreme caution. A report released by Vandine on Saturday said the Ministry of Health observed transmissions of influenza between August 15