Tay Ninh and Thanh Hoa Seek Investment Partners and Market Expansion Opportunities in Bulgaria
| Vietnam, Bulgaria Expand Cooperation in Medical Education, Scientific Research and Pharmaceuticals Viet Nam and Bulgaria Seek to Expand Sister-City Partnerships |
On October 22, in the capital Sofia, the Embassy of Viet Nam in Bulgaria, in coordination with the Bulgarian Chamber of Commerce and Industry (BCCI), organised the Bulgaria–Viet Nam Business Forum, attended by leaders of Tay Ninh and Thanh Hoa provinces and representatives of businesses from both countries.
At the forum, Tay Ninh outlined its investment attraction priorities in high-tech industries, supporting industries, logistics, clean energy and high-tech agriculture. The province expressed its desire to cooperate in industrial production, infrastructure development, innovation and human resource training. Thanh Hoa presented its industrial development potential, infrastructure advantages and human resources, and proposed strengthening cooperation in processing and manufacturing, electrical and electronics industries, mechanical engineering, textiles and garments, logistics, vocational training and tourism. The Bulgarian side shared information on the business environment, prospects for investment cooperation, supply chain development, bilateral trade and labour cooperation, while highly appreciating the quality of Vietnamese goods and the contributions of Vietnamese workers.
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| The Bulgaria-Viet Nam Business Forum. (Photo: Embassy of Viet Nam in Bulgaria) |
Participants also discussed ways to capitalise on opportunities offered by the Viet Nam–EU Free Trade Agreement (EVFTA), strengthen business connections and exchange market information. A highlight of the forum was the business-to-business (B2B) networking programme, which enabled companies from both countries to introduce their capabilities, discuss their needs and seek partners in manufacturing, trade and investment. The programme also opened up opportunities for further exploration and the promotion of cooperation following the forum.
Earlier, on October 21, Vietnamese Ambassador to Bulgaria Nguyen Thi Minh Nguyet and the two provincial delegations held meetings in the city of Plovdiv with Deputy Mayor Plamen Panov, leaders of the Trakia Economic Zone (TEZ), and representatives of universities, associations and businesses.
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| The working delegation meeting with the authorities of Plovdiv. (Photo: Embassy of Viet Nam in Bulgaria) |
The Plovdiv side shared its experience in developing industrial parks, attracting investment and fostering links among local authorities, businesses and educational institutions. The two delegations discussed cooperation in industrial infrastructure development, logistics, technology application and human resource training. Tay Ninh proposed establishing channels for exchanging investment information, while Thanh Hoa expressed interest in cooperation in industry, vocational training and tourism.
At TEZ, two letters of intent for cooperation were signed between TEZ and Ha Thanh Investment Corporation and the Thanh Hoa Textile and Garment Association. These agreements provide a basis for the parties to continue discussions and explore specific cooperation opportunities.
Representatives of universities in Plovdiv also expressed their desire to strengthen academic exchanges, welcome Vietnamese students and cooperate in training in engineering, food technology, agriculture and information technology.
On October 20, the two delegations visited and held a working session at the Embassy of Viet Nam in Bulgaria. Ambassador Nguyen Thi Minh Nguyet shared information about the local situation, Viet Nam–Bulgaria Strategic Partnership and cooperation opportunities between the two countries. She emphasised the role of local-level cooperation and business connectivity in translating high-level agreements into concrete outcomes. The Ambassador affirmed her readiness to support the two provinces in identifying and connecting with Bulgarian partners.
The promotional activities took place as Viet Nam and Bulgaria marked the first anniversary of the establishment of their Strategic Partnership. The business meetings, cooperation proposals and signing of the two letters of intent represent initial results, laying the groundwork for the parties to continue exploring investment, trade and human resource training opportunities.
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