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Local firms meet Ukraine partners
Viet Nam and Ukraine have the potential to boost trade and investment, a meeting between businesses from the two nations heard in HCM City yesterday.
Organised by the two countries' Chamber of Commerce and Industry, the event was attended by executives from 15 Ukrainian businesses operating in areas like metallurgy, fertilisers, chemicals, aircraft engines, oil and gas, and others.
Deputy Minister of Industry and Trade Tran Quoc Khanh said, "Viet Nam and Ukraine have a long-standing traditional friendship, and trade between them has surged in recent years to reach nearly US$300 million last year."
The figure topped $175 million in the first eight months of the year, up 17 per cent over the same period last year, he said.
But he agreed with the Ukrainian side that the potential for trade between them remained largely untapped.
Investment in each other's markets also remained low, he said.
The event was a good opportunity for Vietnamese and Ukrainian firms to compare notes and explore business opportunities, delegates agreed.
Valeriy Korol, director of the Ukrainian Chamber of Commerce and Industry's International Economic Department, said only by co-operation and fusing their complementary strengths could Vietnamese and Ukrainian firms achieve global competitiveness
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