Vietnam hopes to get more support from ITC

VOV.VN - Deputy Prime Minister and Foreign Minister Pham Binh Minh has expressed Vietnam's wish to receive more support from the International Trade Centre (ITC) at a reception for ITC Executive Director Arancha González in Hanoi on February 27.

The country sticks importance to its cooperation with the Centre, Minh said while hoping that the ITC will help set up information channels to facilitate Vietnamese businesses’ access to market information and make more effective business decisions as most of Vietnamese small- and medium-sized enterprises (SMEs).

Minh also proposed the ITC give consultancy to help the Vietnamese Government devise a strategy to support its businesses in taking part in the global chain.

Concerning the European Union-Vietnam Free Trade Agreement (EVFTA), Minh asked González and the ITC to support and help accelerate the signing and ratification of the agreement and improve Vietnam’s capacity thus enabling it to effectively realize the deal’s commitments.

González said that her three-day working visit to Vietnam is designed to learn about Vietnam’s demand and assist the country in carrying out its development priorities.

With her experience and role, she pledged to help businesses in developing countries, including Vietnam with access to information, market expansion, and deeper engagement in the global value chain.

The ITC director also expressed her hope that parties will soon sign and adopt the EVFTA as it will greatly benefit the EU and its members through expanding and diversifying markets and creating closer linkages with the Asian-Pacific and Southeast Asian regions.

Established in 1964, the ITC is the joint agency of the World Trade Organisation and the United Nations. It is the only development agency supporting the internationalisation of SMEs.