Cyprus and Vietnam are looking to strengthen economic ties, with shipping, technology, renewable energy and professional services identified as potential areas for cooperation.
The opportunities were discussed at the Cyprus–Vietnam Two-Way Trade and Investment Forum, held at the Cyprus Chamber of Commerce and Industry in Nicosia. Government officials, diplomats, business representatives and research institutions explored ways to expand trade, investment and technological partnerships.
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Complementary Economies Create Opportunities
Opening the forum, Keve Deputy Secretary General Emilios Michael highlighted Vietnam’s rapid development and growing role in international supply chains, alongside Cyprus’ position as a business hub providing access to the European market.
He also encouraged companies to make greater use of the EU–Vietnam Free Trade Agreement and turn its framework into concrete commercial opportunities.
Cyprus Minister of Energy, Commerce and Industry Michael Damianos emphasised the potential for stronger trade and investment links with Asian markets, while Vietnam’s Ambassador to Cyprus, Nguyen Phuong Anh, outlined opportunities arising from closer relations between Vietnam and the EU.
Connecting Businesses And Research Institutions
Invest Cyprus Chief Executive Marios Tannousis presented Cyprus’ investment environment and its access to the EU Single Market. Duong Phuong Thao, Counsellor at the Vietnam Trade Office in Italy, outlined opportunities for Cypriot companies to enter the Vietnamese market and establish partnerships.
Research and innovation were also central to the discussions. Andreas Andreou of the Eratosthenes Centre of Excellence presented opportunities to commercialise scientific research through industry partnerships, while CYENS Centre of Excellence General Director Yiorgos Chrysanthou outlined potential cooperation in research, digital technologies and innovation.
Tourism, higher education, professional services and renewable energy were also identified as sectors offering scope for joint projects and investment.
Turning Dialogue Into Long-Term Partnerships
Keve reaffirmed its commitment to supporting the international expansion of Cypriot businesses and facilitating partnerships between the two countries.
The forum aimed to connect business communities and identify practical opportunities for cooperation. Turning these discussions into sustained commercial relationships and investment will be the next step in strengthening bilateral economic ties.
