Prime Minister begins visit to Romania

Prime Minister Pham Minh Chinh and his wife arrived in Bucharest, the capital of Romania, to begin their official visit from January 20-22.

After attending the World Economic Forum (WEF) in Davos, Switzerland, and visiting Hungary, Prime Minister Pham Minh Chinh and his wife Le Thi Bich Tran arrived in Bucharest on the afternoon of January 20th to begin an official visit to Romania at the invitation of Prime Minister Marcel Ciolacu.

During the visit, Prime Minister Pham Minh Chinh is scheduled to hold talks and meetings with Prime Minister Ciolacu, President Klaus-Werner Iohannis, and other high-ranking leaders and officials of Romania; attend the Vietnam-Romania Business Forum; and visit research institutes and universities, among other activities.

Prime Minister Pham Minh Chinh and his wife departed Budapest, Hungary for Bucharest, Romania, on the afternoon of January 20. Photo: Nhat Bac

Vietnam established diplomatic relations with Romania in 1950. Between 1950 and 1989, Romania provided aid and loans to Vietnam to develop several economic sectors. After Romania changed its political regime in late 1989, the two countries continued to develop their relationship and cooperate in many areas.

Bilateral trade between Vietnam and Romania has grown continuously, doubling from over $200 million in 2018 to over $400 million in 2022.

Vietnam's main exports include coffee, seafood, pepper, textiles, leather shoes, and computer components. Romania's main imports are chemicals, fertilizers, construction steel, plastic pellets, oil and gas drilling equipment, and wood products. Since 2010, Romania has been ranked among Vietnam's major seafood export markets, with approximately 12,000 tons exported annually.

As of the end of 2022, Romania had 5 active direct investment projects in Vietnam with a total registered investment capital of US$1.56 million, ranking 42nd out of 143 countries and territories investing in Vietnam.

Minh Son

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