Polish President’s Vietnam visit opens new page in Vietnam-Poland relations
Tuesday, 2017-11-28 04:02:50
NDO - President of the Republic of Poland Andrzej Duda and his spouse began their four-day State visit to Vietnam on November 27 at the invitation of President Tran Dai Quang.
The visit is expected to open a new page in the traditional friendship and multifaceted cooperation between Vietnam and Poland while deepening the bilateral economic, trade and investment ties.
Poland’s economy has positively developed since it joined the European Union (EU). Poland was the only country that was not negatively impacted by the world economic recession in the 2008-2009 period. In terms of GDP, Poland is the 20th biggest economy in the world and the 7th biggest economy in the EU.
The Polish Government has pushed through economic reforms, diversified the supply and energy sources, and made increased investment in innovation, research and development.
Poland posted a GDP growth of 3.1% in 2016. After joining the EU and North Atlantic Treaty Organisation (NATO) in 2004, Poland has attached priorities on further integrating into these organisations, while fostering cooperation with the US.
Poland has recently promoted cooperation at sub-regional levels within the framework of the Visegrad Group, which includes Poland, Czech Republic, Slovakia and Hungary, the Council of the Baltic Sea States (CBSS), and the Three Seas Initiative, which groups 16 Central and Eastern European countries. Poland is a member of many regional and international organisations.
Vietnam and Poland established their diplomatic relations on February 4, 1950. Vietnamese people always highly appreciate the valuable support provided by the Government and people of Poland during Vietnam’s struggle for national liberation in the past as well as the country’s construction and development cause at present.
The traditional friendship and multifaceted cooperation between Vietnam and Poland have positively developed in all fields of politics, economy, trade, education and defence, as reflected through high-ranking officials between the two countries, with the most recent visit to Poland in 2013 by Vietnamese then National Assembly Chairman Nguyen Sinh Hung, and the Polish then Prime Minister Donald Tusk’s Vietnam visit in 2010.
Poland is currently Vietnam’s top trade partner in Central Eastern Europe, while Vietnam is Poland’s seventh largest trade partner outside the EU. Two-way trade hit US$790 million in 2016, of which Vietnam’s export revenue to Poland was US$598 million. In the first nine months of this year, bilateral trade value reached US$730 million.
Through the years 2014 to 2017, Poland’s investment in Vietnam has significantly increased, mainly in real estate, processing and services. As of October 2017, Poland had 14 investment projects in Vietnam, with total capital of US$182 million. Vietnam has invested in four projects in Poland which are worth about US$5.1 million, specialising in services and food industry.
In July 2014, Poland announced to supply a preferential credit package worth EUR 250 million (US$296.3 million) to socio-economic development projects in Vietnam.
Bilateral partnerships in national defence, education-training, culture-tourism, and restoration of relic sites have also been maintained. Between 1960 and 1990, Poland trained over 4,000 Vietnamese students and scientists, and over 3,500 labourers, mostly in the coal and shipbuilding sectors.
There are currently an estimated 40,000 Vietnamese living in Poland, who have contributed to the bilateral economic and trade ties and have been positively appreciated by the Polish authorities. A number of them have returned to Vietnam and have successfully invested in real estates and finance.
A Vietnamese language school named Van Lang was established in Poland, which is attended by around 100 Vietnamese children every week. Vietnamese community in Poland have also organised charity activities to support disadvantaged people in the home country.
Over the past years, the number of Polish people living and working in Vietnam has also increased.
The Vietnam visit of Polish President Andrzej Duda and his spouse aims to boost traditional friendship and multifaceted cooperation between the two countries, especially in finance, education and training, communications, natural resources and environment, and agriculture. The visit also intends to help businesses from the two countries explore the markets, potential, demand and advantages of each other.