Vietnam is a dynamic and rapidly developing economy, with a growth rate exceeding 7% in 2024, a figure that not many countries could achieve amidst numerous fluctuations and challenges. Spain wishes to become an active partner in Vietnam's goal of modernisation and becoming a high-income developed nation by 2050.
There is ample room for growth for Vietnamese coffee exports as Spain’s coffee segment is expected to grow by 6.84% in 2022-2025 period, according to the Vietnamese Trade Office in Spain (VTOS).
Vietnam has become one of the top Asian exporter to Spain, only behind China, on par with Hong Kong (China) and above Japan, Taiwan, the Republic of Korea which are strategic markets of Spain.
Vietnam and Spain are standing a good chance to further develop ties, given that the EU-Vietnam Free Trade Agreement (EVFTA) took effect from August and the EU-Vietnam Investment Protection Agreement (EVPIA) has already ratified by Vietnam and is pending ratification in the EU, Vietnamese Ambassador to Spain Hoang Xuan Hai has said.
As the COVID-19 pandemic has changed the consumption habits of Spaniards to be interested in products related to strengthening their health, Vietnamese enterprises can take an opportunity to have appropriate export orientations to this market, according to Vietnam’s Trade Office in Spain.
Workshops to promote trade and investment from Spain to the northern province of Tuyen Quang of Vietnam have been held in Madrid and Sevilla, attracting representatives from 50 Spanish enterprises.
The Spanish Government pledges to provide financial assistance for Ho Chi Minh City to develop one more metro line, said an official from Spain’s Ministry of Economy, Industry and Competitiveness (MEIC).
Accurate and detailed information about the production and trade of Vietnam’s tra fish was provided to the Spanish press at a press conference held in the Vietnamese Embassy in Spain on May 25.
Deputy Prime Minister and Foreign Minister Pham Binh Minh has reaffirmed the Vietnamese government’s commitment to welcoming foreign investors, including those from Spain, with all possible support.
Singaporebased renewables developer The Blue Circle and its Vietnamese partner TSV began construction of Dam Nai wind power plant in Tan Hai commune, Ninh Hai district, Ninh Thuan province.
Vietnam and Spain have pledged to facilitate business exchanges and connectivity, especially in the fields of clean and renewable energy, environment, infrastructure and tourism.
Hanoi is ready to provide information for Ukrainian and Spanish enterprises to enhance investments in infrastructure and energy with the Vietnamese capital city.
HCM City has called for investment from Spanish businesses in urban waste treatment, transport and flood control during a recent visit by a Spanish delegation to the city.
The ICEX Spain Trade and Investment and the Spanish Embassy in Vietnam hosted a programme in Hanoi on October 19, seeking to connect Spanish and Vietnamese companies in internationally-funded projects
