Vietnam and Slovenia to potentially cooperate in mechanical engineering

Vietnam and Slovenia boast high potential of cooperation in manufacturing agro-forestry-fisheris machineries and equipment – an area of Slovenia’s strength and Vietnam’s demand.

@ Peter Nguyen from Unsplash

Commitments in the EU-Vietnam Free Trade Agreement (EVFTA) regarding tax reduction for Viatnamese and Slovenian products will help the two countries expand the market share in each other country as well as other EU markets, thus motivating bilateral growth.

Furthermore, the Trade Promotion Agency is willing to coordinate and create optimal conditions for businesses of both sides to explore effective and long-term partnership opportunities.

The EU is now the leading trade partners of Vietnam with two-way trade reaching 49.9 billion USD in 2020, with Vietnam’s exports of 34.9 billion USD.

It seems that Vietnam and Slovenia share abundant potential of collaboration in the field of industrial machineries, equipment and automation as well as logistics solutions in garments and textiles and food industry which are booming in Vietnam.