Bulgaria’s President Rosen Plevneliev and HCMC vice chairwoman Nguyen Thi Hong cut the ribbon to launch the Bulgarian Office of Trade and Economy Service in HCMC – Photo: Kinh Luan
Based on level 14 of Vincom Center B (55A Le Thanh Ton Street, District 1), the office is expected to boost trade and investment between the countries.
According to President Plevneliev, Bulgarian enterprises want to enhance cooperation with Vietnamese partners, especially in the sectors where Bulgaria is strong such as energy, mining, water treatment, farm produce and poultry processing, pharmaceutical, tobacco and telecom.
“The opening of the Bulgarian Office of Trade and Economy Service in HCMC expresses Bulgaria’s effort to promote trade and investment in Vietnam,” he said at the opening ceremony.
Two-way trade between the nations was recorded at only US$43 million in July. Vietnam mainly exports coal, coffee, seafood, handicraft products, rubber, black pepper, apparels and footwear while its main importing products are machines, equipment, chemicals, pharmaceuticals, wine and shipbuilding equipment.
With total registered capital of less than US$50 million, Bulgaria ranks 54th among 91 nations investing in Vietnam.