STRENGTHENING BILATERAL COOPERATION BETWEEN VIETNAM - POLAND

On November 23, 2022, a consultation meeting on bilateral economic and trade cooperation between Vietnam - Poland between Deputy Minister of Industry and Trade Dang Hoang An and Minister of State of the Ministry of Development and Technology of the Republic of Poland, Mr. Grzegor Piechowiak was held at the Ministry of Industry and Trade. At the meeting, the two sides exchanged and discussed contents to promote economic and trade relations between Vietnam and Poland.

The Deputy Minister of Industry and Trade highly appreciated the role and position of Poland, which is an important trade partner of Vietnam in Europe. In the past decade, Poland is a market with a growth rate of two-way total turnover with Vietnam increasing steadily and at a high rate, often reaching over 10% per year. Vietnam is currently Poland's 7th largest trading partner outside the European Union (EU). In the first 10 months of 2022, trade turnover between the two countries reached more than 2.2 billion USD, up 5.6% over the same period, of which Vietnam's exports to Poland reached 1.98 billion USD up 15.6%. The Deputy Minister of Industry and Trade thanked the Polish Government and people for the timely and effective support in providing vaccines and medical equipment to Vietnam during the recent Covid-19 pandemic.

The two sides exchanged cooperation activities to increase two-way trade turnover and take advantage of the incentives from the EVFTA agreement, enhancing investment cooperation between the two countries in the field of Poland with strengths such as the pharmaceutical industry and biotechnology, shipbuilding technology, coal mining, education and training. The Deputy Minister of Industry and Trade asked Poland to support Vietnam in lobbying the European Commission to remove the yellow card for Vietnamese seafood and hoped that the EU-Vietnam Investment Protection Agreement (EVIPA) would soon be approved by the National Assembly Poland ratified.

Mr. Grzegor Piechowiak, State Secretary of the Ministry of Development and Technology of the Republic of Poland, proposed to resume flights between Poland and Vietnam in order to further promote tourism, trade and investment between the two countries, and increase strengthen the connection between businesses through fairs and business forums.

Although the economic and trade relationship between Vietnam and Poland has made remarkable progress, it is not worthy of the potential of the two sides. The two sides agreed to continue exchange channels to support trade promotion activities and connect business communities of the two countries so that economic and trade relations between Vietnam and Poland continue to grow stronger in the near future.