This is the first visit to Vietnam by a President of Guinea-Bissau since the two countries established diplomatic relations in 1973. The visit aims to lay a foundation for deepening bilateral cooperation across various fields.
Following the ceremony, the two leaders held talks, reviewed the recent cooperation between Vietnam and Guinea-Bissau, and proposed future directions for bilateral collaboration.
Vietnam's foreign policy has always emphasised the importance of traditional friendships and a wish to develop multifaceted cooperation with African nations, including Guinea-Bissau. This serves as a crucial foundation for the two countries to build political trust and foster cooperation serving mutual development.
Regarding Vietnam as a priority partner in its foreign policy, the Government of Guinea-Bissau is willing to expand practical and effective collaboration with Vietnam across all fields in the years to come.
Currently, trade is the main area of bilateral economic cooperation. Vietnam is Guinea-Bissau's third-largest export market, while the latter has been one of the former’s top five African suppliers of raw cashew nuts for many years. In 2023, their total bilateral trade turnover neared 170 million USD, with Vietnam mainly exporting rice and textiles and importing raw cashew nuts.
The two countries signed an agreement on cultural, economic, scientific, technical, and trade cooperation in 1994 and a memorandum of understanding on trade and industrial cooperation between the Vietnamese Ministry of Industry and Trade and the Guinea-Bissau ministry for trade, industry, and promotion of local products in 2014.
