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Vietnam emerges as top destination for Spanish investors
Trade potential between Vietnam and Spain is great and Spanish businesses are considering Vietnam a top priority for their investment, the Spanish Ambassador to Vietnam affirmed.
Ambassador Fernado Curcio Ruigomez delivered these remarks at a meeting with Vietnamese and Spanish businesses held in Hanoi on March 23.
The Ambassador said that more and more Spanish businesses are interested in Vietnam’s market, referring to big names such as Elecnor, Befesa, Alstom and ALG that have joined others on a working visit to the country at this time.
At the meeting, the Vietnam Chamber of Commerce and Industry (VCCI) Vice President Hoang Van Dung affirmed that the Vietnamese government welcomes Spanish businesses to invest in large projects in Vietnam, especially in infrastructure, petroleum, clean energy, tourism and foodstuff processing.
According to the VCCI, Vietnam-Spain trade has grown by 20 percent annually in recent years and Vietnam has a registered trade surplus. In 2009, two-way trade turnover reached 1.1 billion USD.
Spain had, by the end of last year, 16 investment projects in Vietnam, with a combined registered capital of over 20 million USD, ranking 55th on the list of 89 foreign countries and territories investing in Vietnam.
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