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Vietnam eyes closer trade links with Finland: Reports

27 Mar '24
2 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • Vietnam is pursuing stronger trade relations with Finland, with National Assembly (NA) chairman advocating for improved trade during recent diplomatic exchange between the two nations.
  • Both sides discussed areas of mutual interest, including green economy initiatives, digital transformation, high technology, renewable energy, environmental protection, etc.
Vietnam is actively pursuing enhanced trade relations with Finland, as evidenced by National Assembly (NA) Chairman Vuong Dinh Hue’s advocacy for strengthened trade ties during a recent diplomatic exchange between the two nations.

Reports from local news outlets indicate that discussions, occurring during Finnish Parliament speaker Jussi Halla-aho’s visit to Vietnam, emphasised Vietnam’s commitment to facilitating smoother trade processes, particularly for vital exports like steel, textiles, and footwear.

During talks held recently, Hue underscored the importance of creating favourable conditions for Vietnam’s primary exports. Both parties engaged in discussions encompassing various mutual interests, including green economy initiatives, digital transformation, high technology, renewable energy, environmental protection, water treatment, and smart cities.

Hue stressed the significance of supporting Vietnam’s human resource development in innovation, entrepreneurship, and vocational training, leveraging Finnish expertise in these domains.

Vietnam’s recent endeavours in renewable energy, as outlined in its National Electricity Development Plan VIII (Power Plan VIII), offer promising avenues for collaboration between the two nations.

“Proactive dissemination of information to business communities and the organisation of trade and investment promotion activities are essential to foster bilateral cooperation,” noted Hue.

Jussi Halla-aho’s official visit to Vietnam, spanning from March 24 to 26, marked his first trip outside the European region since assuming office, with Vietnam being the sole destination.

This visit signifies an exchange of high-level delegations to commemorate the 50th anniversary of diplomatic relations between Finland and Vietnam (1973-2023) even as it highlights the significance both nations place on furthering their bilateral ties and exploring avenues for mutual growth and cooperation.

Fibre2Fashion News Desk (DR)

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