The Vietnam-Bulgaria Trade Promotion and Investment Centre has opened in Hanoi recently, improving conditions for Vietnamese businesses to boost investment and exports to Bulgaria as well as accessing other EU markets.
Hanoi (VNA) – The Vietnam-Bulgaria Trade Promotion andInvestment Centre has opened in Hanoi recently, improving conditions forVietnamese businesses to boost investment and exports to Bulgaria as well asaccessing other EU markets.
According to the centre’s Vice Chairman, Nguyen The Hung, the centre will helpleading businesses of Vietnam and Bulgaria implement joint economic projects inthe two countries.
Bulgaria is expected to be an attractive destination for investment and doingbusiness thanks to its favourable business environment and low tax level. TheBulgarian government’s policy is to build and maintain stable macro economy andfinance, and boost economic growth, in addition to improving administrativeenvironment and keeping the lowest tax level in the EU.
Bulgaria also encourages investment in solutions to increase access to financefor small- and medium-sized enterprises, reforming vocational training andeducation and enhancing interaction between universities and businesses.
Charge d’Affaires Marinela Petkova of the Bulgarian Embassy in Vietnam saidBulgaria is striving to develop production innovations with high added value,and improve the business environment and the potential for technologydevelopment.
These efforts are capable of attracting Vietnamese investment and creatingopportunities for co-operation in a number of areas such as information andcommunication technology, electronics and electrical engineering, machinemanufacturing and food, she said.
Two-way trade between Vietnam and Bulgaria in 2017 was 109.16 million USD, ofwhich Bulgaria’s exports to Vietnam were valued at 71 million USD, mainlymedicine, plant protection medicine and feed.
Meanwhile, Vietnam exports products such as rice, cashew, coffee, pepper,frozen seafood and products made of rubber and leather, clothes, computer anddevices.-VNA
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At the inaugural ceremony (Photo: vneconomy.vn) 
