Vietnam and Venezuela promote economic cooperation

Tuesday, 2021-07-13 14:44:45
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Within the framework of the visit, a workshop was held to discuss measures to expand trade cooperation between the two nations. (Photo: VNA)
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NDO – Vietnamese Ambassador to Venezuela Le Viet Duyen paid a working visit to Monagas state from July 9-12 to promote economic and trade ties, and potential cooperation initiatives between the two countries.

Speaking at a meeting, Governor of Monagas Yelitza Santaella briefed the Vietnamese delegation on the political, economic and cultural situation in the state, and highlighted its economic development potential in the spheres of oil, gas, Caribbean pine, large-scale husbandry and farming.

For his part, Vietnamese Ambassador Le Viet Duyen pledged to constantly strengthen bilateral relations in politics, diplomacy and culture, as well as the solidarity and long-standing and traditional friendship between the two countries.

Within the framework of the visit, the Vietnamese Embassy in coordination with the Venezuela-Vietnam Chamber of Commerce (CAVENVIET) held a workshop to discuss measures to expand trade cooperation between the two nations. The workshop attracted the participation of over 100 representatives from local departments, branches, businesses and large farm owners.

Ambassador Duyen updated participants on Vietnam's socio-economic development achievements after 35 years of Doi Moi (renewal), with its GDP reaching US$343 billion, making it the fourth largest economy in Southeast Asia and among the world's 40 largest economies.

Business and farm owners in Monagas said they want to strengthen connections with Vietnamese businesses, especially in breeding dairy cows and beeves, large-scale farming and the production and processing if wood, silicate compound, and household glass.

Governor of Monagas Yelitza Santaella pledged to create favourable conditions for Vietnamese businesses to operate and invest in Monagas, especially in large-scale agricultural production.

Meanwhile, CAVENVIET President Oswaldo Hernandez also promised that CAVENVIET will continue to work as a bridge to help further expand partnerships between enterprises of the two countries, contributing to the enhancement of bilateral economic ties.