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Vietnamese, Bulgarian firms enhance trade ties

Vietnamese businesses have promoted their high-quality products to Bulgarian importers and distributors at an two-day online conference which wrapped up on Friday.

The Việt Nam-Bulgaria Business Networking Webminar, the first of its kind, was jointly held by the Trade Promotion Agency under the Vietnamese Ministry of Industry and Trade, the Small and Medium Enterprises Promotion Agency of the Bulgarian Ministry of Economy, the Vietnamese Embassy in Bulgaria, and the Bulgarian Embassy in Việt Nam.

The participating Vietnamese firms also sought ways to integrate into the Bulgarian market and optimise the EU-Việt Nam Free Trade Agreement (EVFTA), which took effect on August 1.

According to Vietnamese Deputy Minister of Industry and Trade Đỗ Thắng Hải, Việt Nam mainly exports traditional products like garments-textiles, leather and footwear, rubber, agricultural products, computers and phones to Bulgaria, while importing food and farm produce from the European nation.

The two countries still have potential to boost trade ties, he said, adding that Bulgaria has served as a gateway for Việt Nam to access other European countries.

Within the framework of the event, the two agencies signed a memorandum of understanding on cooperation, under which they will exchange information about policies and measures in support of Vietnamese small and medium-sized enterprises (SMEs), share experience in organising activities for SMEs, and work to organise workshops, exhibitions, fairs and other trade promotion activities to foster exchange and cooperation between SMEs of the two countries. — VNS