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Bulgaria, Vietnam to strengthen bilateral trade, including textiles

27 Nov '24
2 min read
Bulgaria, Vietnam to strengthen bilateral trade, including textiles
Bulgaria, Vietnam to strengthen bilateral trade, including textiles

Insights

  • Bulgaria and Vietnam aim to strengthen trade ties, including textiles, as they approach the 75th anniversary of their diplomatic relations.
  • Bulgaria, with a $*** billion GDP and high per capita income, is a key market.
  • Bulgarian textile (including apparel and home textiles) imports in January-August 2024 reached $*. * billion, but imports from Vietnam remain minimal, signalling growth potential.

If both countries succeed in elevating their bilateral ties, their textile trade may also get a boost. Being a consumer country of textile products, Bulgaria may become an important market for the partner country.

Both nations are set to celebrate **th anniversary of their diplomatic relations next year. Addressing an event in Vietnamese capital Hanoi, Radev said that the Bulgarian government is looking to invite and support Vietnamese enterprises which are planning to invest in European and American countries.

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