Log in
Econ

EVFTA to propel Vietnam – Norway relations: PM

Vietnam has great interest in developing maritime economy, solving the plastic waste issue, and hopes to cooperate with Norway on this issue.

Prime Minister Nguyen Xuan Phuc has asked Norway to facilitate the signing of EU – Vietnam Free Trade Agreement (EVFTA), saying it would propel the Vietnam – Norway relations to a new height, especially between enterprises of the two countries. 
 
Prime Minister Nguyen Xuan Phuc and Norwegian Ambassador to Vietnam Grete Lochen. Source: VGP.
Prime Minister Nguyen Xuan Phuc and Norwegian Ambassador to Vietnam Grete Lochen. Source: VGP.
Phuc made the statement in a meeting with newly appointed Norwegian Ambassador to Vietnam Grete Lochen on May 14. 

Phuc considered Norway a credible partner and said the relationship between the two countries has been improved in all spheres. 

The PM asked the ambassador to support better cooperation between enterprises from two countries, opening up new business opportunities, including ship building, oil exploration, wind power, wood processing, science and technology, among others. 

Meanwhile, he expected more cooperation between two countries in trading activities, helping Vietnamese agricultural products tap in the Norwegian market. 

The government would create favorable conditions for foreign companies doing business in Vietnam, including those from Norway. 

Phuc said there remains huge potential for the two countries to cooperate in education and training, particularly between universities. 

According to Phuc, Vietnam has great interest in maritime economy, solving the plastic waste issue, and hopes to cooperate with Norway on this issue. 

At the meeting, Ambassador Lochen said trade and investment have been the key points in two countries’ cooperation over the few years. Vietnam and Norway shared similarity in sustainable development, education, maritime economy, among other issues. 

Lochen added Norwegian companies want to cooperate with local partners in energy, solar power and oil exploration, expecting more support from government agencies with regard to this issue. 

Lochen pointed to the current modest investment capital of Norway in Vietnam at US$41 million as room for development, expressing her desire to promote more cooperation in trade and investment between the two countries. 
Reactions:
Share:
Trending
Most Viewed
Real estate firms sell bonds worth $402 million in May

Real estate firms sell bonds worth $402 million in May

Real estate companies have raised $862 million from bond issuance in April and May, thanks to an improved business environment and better access to funding.

Vietnam unveils new strategies to boost domestic market, aid businesses

Vietnam unveils new strategies to boost domestic market, aid businesses

As global trade uncertainties grow, Vietnam sees the domestic market not only as a key consumption driver but also a “lifeline” for businesses hit by protectionist export barriers.

Vietnam eyes US tilapia export boost as global supply falls

Vietnam eyes US tilapia export boost as global supply falls

Vietnam aims to increase tilapia output to 400,000 tons by 2030, making it the second-largest freshwater export species after pangasius.

Vietnam’s enterprises must act fast to weather US tariff shock: Experts 

Vietnam’s enterprises must act fast to weather US tariff shock: Experts 

Many of the key Vietnamese exports, such as wood products, electronics, and textiles, that are not on the US exclusion list could face steep tariffs.

Vietnam's mobile money pilot program extended to end of 2025

Vietnam's mobile money pilot program extended to end of 2025

Mobile Money, launched by the Ministry of Science and Technology, differs from e-wallets by linking users’ payment accounts directly to mobile phone numbers.

Vietnam taps innovation, global ties to elevate national brand

Vietnam taps innovation, global ties to elevate national brand

Vietnam is intensifying efforts to enhance its national brand, leveraging innovation, global partnerships, and strategic policies to bolster its global competitiveness and market presence.

Vietnam extends US$3.9 billion loan package for agro-forestry-fisheries

Vietnam extends US$3.9 billion loan package for agro-forestry-fisheries

The government has expanded the scope and scale of the credit program for the sectors which brought about US$62.4 billion worth of exports in 2024.

Vietnamese public shows rising satisfaction in 2024 PAPI survey

Vietnamese public shows rising satisfaction in 2024 PAPI survey

The 2024 PAPI survey found increasing citizen satisfaction with governance, but highlighted persistent administrative challenges, climate vulnerability, and gaps in access to public services.