Trade Ministry sets Vietnam budget

The Ministry also announced that over the next year, Israel plans on signing agreements with Vietnam in the communications, medical equipment, security and water-technology sectors.

By MATTHEW KRIEGER
May 16, 2007 07:08

Looking to further take advantage of the current stability of the Vietnamese market after last week's visit of Israeli agricultural businesses to the country, the Ministry of Industry, Trade and Labor this week formed a budget designated solely towards expanding the presence of local companies in the Southeast Asia country and assisting exporters in getting more of their products there. The Ministry also announced that over the next year, Israel plans on signing agreements with Vietnam in the communications, medical equipment, security and water-technology sectors. Over the course of last week's visit, the delegation, led by Agriculture Minister Shalom Simhon and Yitzhak Quirati, the director of the agricultural branch of the Israel Export Institute, met with the Vietnamese agricultural minister and the environmental protection minister and announced that Israel has agreed to work with Vietnam in helping to grow that country's milk and dairy industries. Currently, some 200 Israeli companies have established operations in Vietnam, with 40 having done so over the last year alone, according to the Export Institute.


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