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50 leading European businesses to visit Vietnam

(VOV) - The European Union’s Vietnam delegation has announced plans for a November 12–13 visit from 50 leading European businesses led by European Commission (EC) Vice President Antonio Tajani.

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The visit is intended to promote sustainable development and growth across all economic sectors.

The EU is one of Vietnam’s most important partners - two-way trade turnover surged from 2010’s US$17.75 billion to US$24.29 billion in 2011.

In the first seven months of 2012, it reached US$15.47 billion, up 20.39% over the previous year.

Vietnamese exports to the EU soared by 33.5% in 2011. Foreign direct investment from EU member nations contributed more than 12% of Vietnam’s FDI total for the same year.

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The EU’s official development assistance commitments to Vietnam hit a record US$1 billion in 2012. EU investors are present in all important Vietnamese economic sectors, with 562 projects capitalized at US$7.6 billion.

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These projects boast high rates of technology and management method transfer, greatly contributing to Vietnam’s economic growth.

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