Trade between Romania and Vietnam in the first 11 months of 2024 was standing at USD 402.2 million, up 11.3% year-on-year, according to the Bucharest Chamber of Commerce and Industry (CCIB).Out of the USD 402.2 million, exports were worth USD 91.8 million and imports USD 310.4 million dollars, with the trade balance disfavouring Romania.In the 11 months of 2024 (available data), the total volume of bilateral trade increased by 11.3% on an increase in imports by 21.8%, while Romanian exports decreased by 7.8%.According to a CCIB press statement released on Wednesday, CCIB chairman Iuliu Stocklosa welcomed on March 4 two representatives of the Embassy of Vietnam, Pham Thi Thu Ha, and Nguyen Trong Hoang Son.The meeting was also attended by Gabriela Iftene, executive director, and Nadjet Ranete, a CCIB foreign affairs official.According to CCIB, the idea of collaboration with the embassy in order to promote trade, economic cooperation, including reciprocal foreign investments between the business communities of Bucharest and Vietnam was emphasised at the meeting.An important aspect was the proposal to organize a CCIB event, "Vietnam Business Opportunities Day" (ZOA), which will take place at the end of April. The event will bring together Romanian and Vietnamese entrepreneurs and investors in a hybrid format that will allow both physical and virtual participation. The main purpose of the event is to discuss the opportunities for economic development and bilateral cooperation.Nguyen Trong Hoang Son is quoted as saying that Romania and Vietnam have excellent relations, with the diplomatic ties established on February 3, 1950 and celebrating this year 75 years of collaboration."Our mission is to bring trade and economic relations to a level that matches the economic and social development, an important aspect in market expansion being represented by the large populations of the two countries in their geographical areas, which offer a generous basis for cooperation, thus facilitating prosperous and diversified economic and commercial exchanges. We will firmly support achieving this goal," the Vietnamese official said.At the end of the visit, the guests toured the CCIB Palace and the spaces that can host future events to promote bilateral economic, cultural and other collaborations. (Photo: www.ccib.ro
The 2025 edition of the year’s first major film fest in Europe (and one of the biggest worldwide), the Berlin International Film Festival, took place between 13 and 23 February. My notes come with a bit of delay, as I was also hit by the festival flu that got so many of us sniffling and […]
In the absence of current negative influences, Romania’s economy could have an annual growth potential of 3-4%. Political instability and global geopolitical risks are dampening growth. Economic growth in 2024 was driven by wage increases and accelerating consumption, satisfied however largely through imports. Due to a decline in domestic economic competitiveness, net exports contributed negatively […]
The Bucharest Stock Exchange (BVB) announced on Thursday, March 13, the launch of a new financial education section on the BVB Research Hub platform, dedicated to retail investors. The capital market operator said that it started this project out of the need to increase the level of financial education and promote the investment culture. It […]
The Romanian governing coalition's presidential candidate, Crin Antonescu, announced on Thursday, March 13, that he is launching a podcast designed to popularize his candidacy before the May elections. Antonescu, who is backed by the alliance made up of the Liberals (PNL), Social Democrats (PSD), the Democratic Alliance of Hungarians (UDMR), and the minorities, stated that he will […]
Some 4,500 teachers will learn about rights and responsibilities online, accessibility, inclusion, online well-being, and ethics as part of Incubatorul Civic Digital (ICD - The Civic Digital Incubator), a digital citizenship and democratic culture project implemented by Institutul Intercultural Timișoara, Asociația TechSoup and Școala de Valori. The project, which offers free training, is aimed at […]
Mihaela Murariu, Attorney at Law at Grecu Partners Business Law Firm, analyzes the impact of Artificial Intelligence on personal data protection. Artificial intelligence (AI) has become a ubiquitous technology, used in more and more fields, from marketing and healthcare to recruitment and financial services. However, the widespread use of AI raises numerous questions about privacy […]
