Vietnam, Poland Boost Trade, IT Cooperation

Vietnam is the biggest economic partner of Poland in Southeast Asia, and the potential for stronger cooperation remains huge.
June 09, 2023 | 18:45
Vice Director of the ITPC Nguyen Tuan. Source: tphcm.dangcongsan.vn
Vice Director of the ITPC Nguyen Tuan. Source: tphcm.dangcongsan.vn

A workshop to promote cooperation in trade and information technology (IT) between Vietnam and Poland was held on June 7 in Ho Chi Minh City by the Investment & Trade Promotion Centre of HCM City (ITPC) and the Polish Investment and Trade Agency (PAIH) in the locality, VNA reported.

According to Vice Director of the ITPC Nguyen Tuan, Poland is the largest trade partner of Vietnam in Central-Eastern Europe, while Vietnam is Poland's fourth largest trade partner in Asia.

Economic cooperation between the two nations has still maintained stable growth with two-way trade in both 2021 and 2022 hitting a record of over USD 2.5 billion.

In the first four months of 2023, the trade reached USD 841 million, with Vietnam’s export turnover of computers, electronics, and spare parts to Poland nearing USD 236.34 million.

Trade and investment cooperation between HCM City and Poland witnessed strong growth in 2022, with two-way trade totaling USD 270 million, up 8% year-on-year.

Poland has so far had 10 investment projects worth over USD 469,000 in HCM City, ranking 64th among the 117 countries and territories investing in the southern economic hub.

Polish enterprises visit the exhibition area of export products of enterprises in Ho Chi Minh City after the conference. Photo: VNA
Polish enterprises visit the exhibition area of export products of enterprises in Ho Chi Minh City after the conference. Photo: VNA

Tuan said the ITPC will continue to coordinate with relevant agencies to intensify trade and investment promotion activities with Poland, thus facilitating the operation of Polish businesses in HCM City and vice versa.

Representatives of Polish businesses shared that Poland is currently one of the digital transformation leaders in Europe, through the application of many related integrated software programs such as e-citizens, electronic health records, financial management, banking and finance. For information technology, they said Poland is still in the process of looking for partners and wants to seek cooperation opportunities in Vietnam.

Polish businesses hoped they would find suitable potential partners and business cooperation opportunities in Ho Chi Minh City in particular and Vietnam in General in the time to come.

Representatives of the Polish Investment and Trade Agency and the Central and Eastern European Chamber of Commerce in Vietnam (CEEC) sign a cooperation agreement at the event. Photo: VNA
Representatives of the Polish Investment and Trade Agency and the Central and Eastern European Chamber of Commerce in Vietnam (CEEC) sign a cooperation agreement at the event. Photo: VNA
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