Ukraine, Vietnam agree on expanding economic cooperation

Ukraine, Vietnam agree on expanding economic cooperation

At the plenary session of the Ukrainian-Vietnamese Intergovernmental Commission on Trade and Economic and Scientific and Technical Cooperation, the parties agreed on expanding the economic cooperation.

"Ukraine and Vietnam have wonderful prospects for a more dynamic development of trade and economic relations. The agreements reached today will give an additional impetus to enter a qualitatively new level of mutually beneficial cooperation," said Maksym Nefyodov, the First Deputy Economic Development and Trade Minister of Ukraine, the Governmental portal reports.

The trade turnover between Ukraine and Vietnam has been steadily growing over the past two years. Based on the results of 2016, Vietnam became one of the largest trade partners of Ukraine among the countries of Asia and the Pacific.

Ukraine is interested in developing cooperation with Vietnam, especially as regards obtaining permission for the export of plant products to the Vietnamese market. Ukraine also seeks to deepen cooperation in the production of engineering products, cooperation in the energy sector, namely, in the modernization, reconstruction and construction of new power stations in Vietnam.


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