General Secretary of the Communist Party of Vietnam Nguyen Phu Trong (L) and French President Emmanuel Macron (Photo: VNA)Hanoi (VNA) – Party General Secretary Nguyen Phu Trong’s tourto Cuba and France was a success, creating a new impetus to grow Vietnam’s tieswith the two countries, especially in economy, according to an official.
Minister of Industry and Trade Tran Tuan Anh, a member of the Partyleader’s entourage, said the Vietnam-France relationship is growing in allfields, and bilateral cooperation potential remains high.
Vietnam wants France to become a gateway for the country to access theEU, and Vietnam will help link France with the ASEAN.
While France is a large economic hub of Europe thanks to its modern infrastructure,science and technology as well as education and training, Vietnam is anattractive market with 90 million people and increasing income and higheconomic growth, noted the minister.
He said that new areas the two sides can supplement each other include transportation,energy, power, processing and manufacturing industry, aviation and maritime transportation,logistics, digital economic transfer, pharmaceuticals and petrochemicals.
Vietnam is one of France’s leading partners in ASEAN, while France isone of the biggest investors of Vietnam.
The signing and ratification of the Vietnam-EU free trade agreement is beingsped up, laying a foundation for stronger trade and investment ties betweenVietnam and the EU, including France.
Minister Anh said during Party General Secretary Nguyen Phu Trong’svisit, leaders of the two countries discussed the completion of legal frameworksfor cooperation in various fields, including science, education, economy,trade, investment and technology.
He noted that the signing of many deals worth billions of USD by businessesof both sides, including a 2 billion EUR contract in power, showed the strongerengagement of newly-emerged and private firms and the expansion of cooperationbetween the two countries.
General Secretary of the Communist Party of Vietnam Nguyen Phu Trong (L) and First Secretary of the Communist Party of Cuba (PCC) Central Committee and President of the Councils of State and Ministers of Cuba Raul Castro leaves Havana for Santiago de Cuba (Photo: VNA) Meanwhile, the Party chief’s visit to Cuba had historical significance,as the two countries are experiencing a new period of development with abundantcooperation opportunities.
One of the most important outcomes of the visit was an agreement toallow leaders of Vietnam’s Ministry of Industry and Trade and Cuba’s Ministryof Foreign Investment to finalise negotiations on a Vietnam-Cuba free tradeagreement, said the minister.
The two sides will review legal framework to sign the deal as soon aspossible, supporting trade, investment cooperation growth and enhancing capacityin production and accessing each other’s market.
Additionally, a series of agreements were reached in diverse areas fromeducation and training, justice, technology to environment.
Vietnam has become the second largest Asian partner of Cuba after China,with two-way trade exceeding 200 million USD.
The minister said that Vietnam has an important role in Cuba’sdevelopment strategy, as during the Party leader’s visit, Cuba granted investmentlicences to several Vietnamese firms in tourism, power plant construction andagriculture.
A Vietnam-Cuba business forum attracted more than 100 businesses of bothsides who discussed areas with high cooperation potential, a move expected toimprove production capacity and technology transfer between the two countries,and enabling the Vietnam-Cuba partnership to grow further, stated theminister.-VNA
One of the most important outcomes of the visit was an agreement toallow leaders of Vietnam’s Ministry of Industry and Trade and Cuba’s Ministryof Foreign Investment to finalise negotiations on a Vietnam-Cuba free tradeagreement, said the minister.
The two sides will review legal framework to sign the deal as soon aspossible, supporting trade, investment cooperation growth and enhancing capacityin production and accessing each other’s market.
Additionally, a series of agreements were reached in diverse areas fromeducation and training, justice, technology to environment.
Vietnam has become the second largest Asian partner of Cuba after China,with two-way trade exceeding 200 million USD.
The minister said that Vietnam has an important role in Cuba’sdevelopment strategy, as during the Party leader’s visit, Cuba granted investmentlicences to several Vietnamese firms in tourism, power plant construction andagriculture.
A Vietnam-Cuba business forum attracted more than 100 businesses of bothsides who discussed areas with high cooperation potential, a move expected toimprove production capacity and technology transfer between the two countries,and enabling the Vietnam-Cuba partnership to grow further, stated theminister.-VNA
VNA
