Vietnam and Poland promote trade cooperation

Poland is currently Vietnam’s largest trading partner in Central Eastern Europe while Vietnam is currently Poland’s fourth largest trading partner in Asia. Despite the COVID-19 impact, bilateral economic and trade cooperation has maintained positive growth, with two-way trade turnover reaching more than US$2.5 billion both 2021 and 2022.

The first four months of 2023 saw trade exchanges between the two countries bring in over US$841 million, of which the export of computers, electronic products and components from Vietnam to Poland fetched nearly US$236.34 million.

The two-way trade turnover between Ho Chi Minh City and Poland alone last year reached US$270 million, a year-on-year rise of 8%. With regard to investment, Poland currently has 10 projects valued at approximately 470 million, ranking 64th out of 117 countries and territories pouring investment into the city.

According to Nguyen Tuan, vice director of the ITPC, the center will continue proactively coordinating with relevant agencies to carry out trade and investment promotion activities with Poland, creating favourable conditions for Polish businesses to invest in Ho Chi Minh City, and vice versa.

Speaking at the conference, representatives of Polish businesses shared that Poland is currently one of the digital transformation leaders in Europe, through the application of many related integrated software programs such as e-citizens, electronic health records, financial management, banking and finance. For information technology, they said Poland is still in the process of looking for partners and wants to seek cooperation opportunities in Vietnam.

Polish businesses hoped they would find suitable potential partners and business cooperation opportunities in Ho Chi Minh City in particular and Vietnam in General in the time to come.