Prime Minister Pham Minh Chinh and his Romanian counterpart Ion-Marcel Ciolacu attended the Vietnam - Romania Business Forum on January 22 in Bucharest, the Government News reports.

The Forum was organized by the Ministry of Planning and Investment in cooperation with the Vietnamese Embassy in Romania and the Chamber of Commerce and Industry of Romania.

In his address, Prime Minister Ciolacu encouraged more Romanian and Vietnamese enterprises to invest in the other country and vowed to help businesses with exports.

He urged businesses to step up partnerships in information technology, pharmaceuticals, farm produce, and food, to export more high-quality products from Romania to Vietnam.

The Romanian leader also suggested the need to sign cooperative agreements between seaports in the two countries.

In his remarks, meanwhile, Prime Minister Chinh hailed the fruitful development of bilateral relations over the past 75 years, particularly in politics, diplomacy, trade, agriculture, industry, labor, tourism, and education and training.

The two economies boast many complementary advantages, especially in labor and natural resources, he said.

The geographical distance can be addressed with the sound implementation of digital transformation and e-commerce together with modern means of transport.

The Vietnamese Government always accompanies and supports foreign enterprises, he continued, including those from Romania, so they can make long-term, effective, and sustainable investments in Vietnam in a spirit of “harmonizing benefits and sharing risks”.

Forum participants were briefed on the investment potential, climate, and opportunities in both Vietnam and Romania. Businesses had the chance to gain a deeper insight into the economic development strategies of each country as well as business procedures, infrastructure, and human resources.