The two countries have witnessed strong bilateral trade development over recent years.
A memorandum of understanding (MoU) on further cooperation in oil and gas processing and two contracts on pig housing equipment and breeding pig sales were signed by enterprises from Vietnam and Denmark on January 19. The signing ceremony was witnessed by Deputy Minister of Industry and Trade Tran Tuan Anh and visiting Danish Minister for Trade and Development Cooperation Mogens Jensen.
The MoU, signed by PetroVietnam (PVN) and Haldor Topsoe, is for optimal and environmentally-sustainable use of technology in the energy and gas sector. PVN and Topsoe will jointly evaluate Wet Sulphuric Acid technology as an alternative solution to removing sulfur, which causes pollution at plants. The technology is also expected to access other kind of non-nitrogen-based fertilizers.
Regarding the two contracts, the first was for Vissing Agro A/S to supply 1,048 farrowing crates to the Sun Group, while the second was for Danbred to sell 300 breeding pigs to the Dabaco Group. Both Vissing Agro Agro A/S and Danbred, members of the Danish Farm Concept, are looking to expand their business in Vietnam.
The rapid development of economic cooperation and trade between Denmark and Vietnam was praised on the same day by Minister of Planning and Investment Bui Quang Vinh and Danish Minister Mogens Jensen at the 4th Meeting of the Denmark Joint Government Committee on January 19.
Danish investment cooperation now ranks 25th out of 101 countries and territories investing in Vietnam, according to a report from the meeting. With 111 investment projects, total Danish investment stands at around $705.26 million. Danish aid to Vietnam averages $64 million a year, which has been considered a healthy level in recent years.
Besides noting the achievements, solutions to easing limitations in bilateral economic cooperation were also identified by the two ministers. Firstly, the role and responsibilities of government agencies from both countries should be strengthened. Secondly, mechanisms for effective information exchange problem resolution in commercial and investment cooperation must be enhanced.
Danish Minister for Trade and Development Cooperation Mogens Jensen was also received by Prime Minister Nguyen Tan Dung during his visit here.
- bilateral trade