NEWS

President Rosen Plevneliev Forecast an Increase of Bulgarian Investments in Vietnam

2014-12-04 14:19:00

The Head of State Rosen Plevneliev, who received Nguyen Thi Doan, Vice-president of the Socialist Republic of Vietnam, forecast an increase of the Bulgarian investments in Vietnam in the following years. The Bulgarian business circles have an interest in investing in the processing of oils, in pharmacy and cosmetics, the food industry, the manufacture of tobacco products, wine-production, as well as in the defense and defense technology sectors, the president said. The Head of State pointed out that Bulgarian engineering companies have rich experience and may take part in joint enterprises, in the construction of irrigation systems, in the implementation of infrastructure projects, also in developing the mining and energy sectors.

Bulgaria offers excellent opportunities as an intermediary point for the export of Vietnamese goods to the EU markets and the countries in the region, including fish and other seafood processed in Bulgaria. The Bulgarian Black Sea ports, the Danube river ports and the industrial zones can be used to this effect. These opportunities lie at the basis of the Strategic partnership between the two countries, part of which is also the new model of economic cooperation between Bulgaria and Vietnam approved during President Rosen Plevneliev’s state visit to Vietnam at the end of 2013.

At the meeting Vice-president Nguyen said that 2015 will be the year of the small and medium-sized business. The Asian country is working on a plan for encouraging its economic growth in 2015 by implementing large infrastructure projects by applying the mechanisms of the public-private partnership, restructuring and reorganization of the banking system and privatization of the state enterprises. In the words of Vietnam’s Vice-president, this provides opportunities for Bulgarian companies to step into the Vietnamese market.  

Vice-president Nguyen further called on for reviving the tradition whereby Bulgarian university lecturers visit Vietnam and also for increasing the number of Bulgarian scholarships granted to Vietnamese citizens. In her words, the numerous Bulgarian graduates in Vietnam, the Vietnamese Diaspora in Bulgaria and the business circles in the two countries will continue to lie at the basis of the traditionally friendly relations between Bulgaria and Vietnam. Nguyen Thi Doan, who graduated in Bulgaria, voiced Vietnam’s gratitude for the opportunity provided to tens of thousands of Vietnamese citizens to study and work in Bulgaria.

In 2015 Bulgaria and Vietnam will mark 65 years since the establishment of bilateral diplomatic relations. At the meeting held between President Rosen Plevneliev and the Vice-president of Vietnam it was further pointed out that the jubilee will be commemorated with a rich series of joint events.

MORE FROM NEWS

Head of State: Bulgaria Is Becoming Increasingly Visible on the Investment Map of German Business

11 September 2025 | 13:01
Bulgaria is increasingly visible on the German investment map and ever more attractive to German companies, many of which reinvest their profits and export research and development centres to our country. This was stated by President Rumen Radev during a meeting in Sofia with the leadership of the Federal Association for Economic Development and Foreign Trade (BWA).

Head of State Holds a Talk with Emir of Qatar

10 September 2025 | 17:05
The Bulgarian head of state emphasised the importance of global efforts to counter terrorism, while expressing concern about the escalation of tension in the Middle East following the Israeli air strike on the Qatari capital, Doha. Hundreds of our compatriots live and work in the Qatari capital.

Rumen Radev: In a Deteriorating Security Setting, the Modernisation of the Bulgarian Army Contributes to NATO's Collective Defence in the Region

8 September 2025 | 18:06
Connectivity between the countries in Southeast Europe is important not only for their economic development, but is also a factor in NATO's collective security in the region, the president emphasises during a meeting with NATO's Deputy Secretary General

Head of State: Germany Is a Leading Economic and Investment Partner and Dialogue at the Highest Level Is Important for Strengthening Trust in All Areas of Mutual Interest

28 August 2025 | 14:02
President Rumen Radev holds a meeting in Berlin with his counterpart, the President of the Federal Republic of Germany, Frank-Walter Steinmeier

ОТКРИТО УПРАВЛЕНИЕ

e-ДОКУМЕНТИ

BULGARIAN CHRISTMAS

SUPPORT A DREAM

JOHN ATANASOFF AWARD

CONSULTATIVE COUNCIL FOR NATIONAL SECURITY


Useful links