Successful trade mission to Vietnam with Minister Sigrid Kaag
The Dutch Minister for Foreign Trade and Development Cooperation Ms. Sigrid Kaag visited Hanoi and Ho Chi Minh City from 6-7 February 2018. See the pictures and read below about the details of her visit.
Vietnam was selected as the destination for her first trade mission since her appointment as Minister, which shows the importance the Government of the Netherlands places on its relations with Vietnam. The Minister brought with her a large group of Dutch companies (45 companies of different sectors) to Vietnam.
After the kick-off, the delegation had a short introduction to doing business in Vietnam by Joris van Tienen from Damen and by Ms. Do Thu Ly from ING. The delegation was most interested in cooperation opportunities in water management, agriculture, maritime, aviation, logistics, smart cities, and energy. Various meetings took place within just two days, both at governmental level and working level.
The Dutch Minister for Foreign Trade and Development Cooperation, Ms. Sigrid Kaag was welcomed to Vietnam by Prime-Minister Phuc. They discussed our current cooperation and how we can further strengthen our longstanding bilateral relationship - this year we're celebrating 45 years of diplomatic relations. The Netherlands has a solid and sustainable economic relationship with Vietnam. Vietnam will remain a priority country to the Dutch government as well as its business community.
Minister Kaag also had successful meetings with Mr. Tran Quoc Vuong, Vice Minister of Industry and Trade, and with Mr. Nguyen Van Cong, Vice Minister of Transport. The Netherlands and Vietnam can cooperate on many fields, such as agriculture, horticulture, water, maritime, logistics, and energy.
Vice Minister of Foreign Trade, Mr. Marten van den Berg, had a meeting with Mr. Chung, Chairman of Hanoi People’s Committee. The Vice Minister also met with Mr. Nguyen The Phuong, Vice-Minister of Planning & Investment on finance, and with Ms. Phan Thi My Linh Vice Minister of Construction on smart cities. Some Dutch businesses were also present, and they could pitch their companies' expertise to the Vietnamese dignitaries.
Dr. Gellert Horvath, co-chair of Eurocham Vietnam, gave the business delegation an insightful presentation about the EU-Vietnam Free Trade Agreement and its consequences.
Also take a look at this page if you want to know more about the EU-Vietnam Free Trade Agreement.
At the Holland Trade Reception in Hanoi, Minister Kaag and Vice-Minister Bui Thanh Son (MOFA) launched the celebrations of the 45 years diplomatic relations, and unveiled the logo for this occasion. Vietnam and the Netherlands established diplomatic relations in 1973, followed by four decades of tireless efforts to strengthen the relationship as development partners.
One of the most rewarding moments of trade missions is to see the start of fruitful cooperation between Vietnamese and Dutch companies. Several signings of Memorandums of Understanding took place at the Holland Trade Receptions in Hanoi and HCMC.
The matchmaking sessions in Hanoi and HCMC brought both new contacts, and new contracts. The business delegation met with their Vietnamese counterparts to discuss business opportunities.
Minister Sigrid Kaag participated in a seminar on “Business and the Sustainable Development Goals (SDG’s), the partnership between Vietnam and the Netherlands”, organized by the Embassy and Consulate General of the Netherlands. During this event there was a high-level panel discussion on the Dutch development and trade agenda, putting emphasis on the potential of making profits while also contributing to the SDGs. The panel was followed by two round tables on (1) urban development/smart cities and (2) circular economy. These round tables discussed the Vietnamese challenges and potential Dutch solutions. These were interactive sessions to exchange views on Vietnam’s urban modernization agenda.
Ho Chi Minh City is sinking, and the sea-level is rising. Within 20 years, huge areas will need to be protected by dykes, tidal gates, water retention areas and pumping stations. Minister Kaag was able to see the challenges of Vietnam on water management first-hand during a boat trip on the Saigon River – and could immediately link Dutch companies and knowledge institutions with relevant innovative solutions to the Vietnamese counterparts.
During the three day trade mission, numerous deals were made and agreements were reached. It made clear that The Netherlands and Vietnam share the vision of a sustainable future where both the economy and the environment can thrive, and that there are many opportunities to work together even more closely.
Do you want to join a trade mission to Vietnam? Keep following us on our website; on Facebook; or on Twitter for updates on future events and missions.
Do you have any specific questions on doing business in Vietnam, e-mail us on HAN@minbuza.nl.