PM’s Romania visit affirms Việt Nam’s wish to promote bilateral ties: diplomat

HÀ NỘI – Prime Minister Phạm Minh Chính’s official visit to Romania on January 20-21 affirms Việt Nam’s wish to continue promoting and deepening its traditional friendship and multifaceted cooperation with the European country, according to Vietnamese Ambassador to Romania Đỗ Đức Thành. Trade cooperation has developed remarkably in recent years, with two-way trade turnover increasing from US$261 million in 2019 to $425 million in 2022. Romania is a traditional partner of Việt Nam in Southeast Europe and a gateway for Việt Nam to penetrate the markets of EU countries and the Western Balkans. Romania is also one of the first countries to ratify both the EU-Việt Nam Free Trade Agreement (EVFTA) and the EU-Việt Nam Investment Protection Agreement (EVIPA), Thành said. He advised businesses from both countries to be well prepared to take advantage of opportunities brought about by tariff reductions according to the roadmap set out by EVFTA.