Polish Firms Explore Business Opportunities in Vietnam

A multi-sector delegation of Polish companies met executives of more than 60 Vietnamese companies in Ho Chi Minh City on September 20 to seek trade and investment opportunities.

 

The visiting companies mainly specialise in manufacturing machinery for the food industry, trailer and truck chassis, pumps, steel, poultry products and pharmaceuticals.

Nguyen The Hung, deputy director of the Vietnam Chamber of Commerce and Industry's Ho Chi Minh City branch, said with a population of nearly 40 million and per capita income of more than $18,000 per year, Poland is a promising market for Vietnamese products.

Bilateral trade between Vietnam and Poland has increased considerably in recent years, reaching $400 million last year, of which Vietnamese exports made up a much larger part.

Vietnam mainly exports garments and textiles, agricultural products and seafood to Poland . It imports machines, equipment, milk powder and medicine from the country.

Polish enterprises have invested in eight projects in Vietnam worth a total registered capital of roughly $100 million.

Poland has been an important partner of Vietnam in Eastern Europe for long, Hung said.