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The Polish-Vietnamese Business Forum is over

During the event, numerous representatives of business and State authorities from Poland and Vietnam talked about the most promising sectors for cooperation. Over 150 Polish entrepreneurs discussed with representatives of almost 30 largest Vietnamese companies, such as Vietnam Electricity, Vietnam National Chemical Group and Vietnam Airlines, about the possibilities of cooperation, in among others, the chemical, cosmetics, fuel, automotive and agri-food industries.
We are trying to create the best possible conditions for the development of our exports. In 2020, the free trade agreement between the European Union and Vietnam came into force, allowing duty-free access for many of our products. Soon, Poland will ratify the investment protection agreement, the so-called EVIPA, which should allow it to enter into force. Both of these agreements create a friendly environment for the development of trade and investment - said Minister Krzysztof Paszyk during the opening of the Polish-Vietnamese Economic Forum.
Prime Minister Pham Minh Chinh and Minister of Industry and Trade Nguyen Hong Dien emphasized during their speeches that Poland is an important partner for Vietnam in the region of Central and Eastern Europe and a gateway to the European Union. They also agreed that they want to strengthen Polish-Vietnamese relations and increase investment and capital cooperation between our countries.
However, the Forum was not only about speeches by representatives of State authorities. Friday's event was also an opportunity to establish valuable business contacts and listen to panel discussions, among others, about the successes of Polish companies in Vietnam until now. In order to strengthen relations between our countries, the Forum also presented specific, prospective investment and business opportunities on the Vietnamese market.
The significant presence of business representatives at the forum from both countries, testifies to the strong and mutual desire to strengthen Polish-Vietnamese cooperation. For us, as the Polish Investment and Trade Agency, this is a clear signal that our everyday work is not in vain and we should continue to promote Polish products among importers from Vietnam and inform Vietnamese entrepreneurs about the terms of trade with Poland after the coming into force of the Free Trade Agreement (EVFTA). It is clear that these activities are bearing fruit and that the potential of Polish-Vietnamese relations are being well used - in this way PAIH’s Chairman Andrzej Dycha summed up the event.
Vietnam is one of the fastest-growing economies in Southeast Asia. The local market has been classified by our government as one of the five most promising for the development of the Polish economy. From January to October 2024, the value of exports from Poland to Vietnam amounted to almost EUR 312 million.
Poland is also one of the EU countries that has most significantly increased trade with Vietnam in recent years. The sectors for prospective cooperation are the food, pharmaceutical, cosmetics, IT and Smart City industries. Investment and capital cooperation, although implemented on a small scale, is also showing an upward trend. There are over 250 companies with Vietnamese capital in Poland, and the value of Polish foreign investments registered in Vietnam, according to Vietnamese data, amounts to a total of about USD 500 million.
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About the Polish Investment and Trade Agency
The Polish Investment and Trade Agency (PAIH) is an advisory institution that is part of the Polish Development Fund (PFR) Group. It is the first point of contact for exporters and investors. It operates both in Poland and through its network of offices around the world. It strengthens the recognition of Polish brands on international markets, promotes domestic products and services as well as technological solutions made in Poland. The agency helps entrepreneurs choose their optimal path of expansion abroad. It also supports the inflow of foreign direct investment to Poland and the implementation of Polish investments in the country. PAIH cooperates with the public sector and regional partners, offering, among other things: training, audit and promotion of investment properties, cooperation in the organization of business missions and communication support in the implementation of joint projects.