Vietnam, Slovakia vow to promote trade and investment cooperation

Monday, 2017-11-27 17:48:17
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Deputy PM Vuong Dinh Hue and his visiting Slovakian counterpart Peter Pellegrini. (Credit: VGP)
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NDO – Vietnam and Slovakia have vowed to continue to improve the effectiveness of the cooperation mechanism under the two countries’ Joint Commission on Economic Cooperation, while strengthening trade promotion and investment, in addition to encouraging and creating favourable conditions for businesses from both sides to connect and survey each other’s market.

The commitment was made during talks in Hanoi on November 27 between host Deputy Prime Minister Vuong Dinh Hue and his Slovakian counterpart Peter Pellegrini, who is on an official visit to Vietnam from November 25 to 28.

Welcoming his guest, Deputy PM Hue expressed his belief that the visit would significantly contribute to bringing the traditional friendship and multifaceted cooperation of 67 years between Vietnam and Slovakia to new heights, meeting the interests and expectations of the two countries peoples.

The host also recalled his good impression of Slovakia during an official visit by the Vietnamese government delegation to the country in September this year, while expressing his delight at witnessing the tremendous changes that Slovakia has made in its reform, socio-economic development and European integration. Deputy PM Hue affirmed that Vietnam always attaches great importance to strengthening and developing its relations with traditional friends, including Slovakia.

For his part, Slovakian Deputy PM Peter Pellegrini highly praised the achievements that Vietnam has made during the Doi Moi (reform) process, as well as its increasingly important international role. The visiting Deputy PM also stressed that Vietnam is a traditional friendship partner and expressed his wish to continue developing bilateral cooperation in many fields.

Deputy PM Vuong Dinh Hue holds talks with his Slovakian counterpart Peter Pellegrini in Hanoi on November 27. (Credit: VGP)

At the talks, the two sides expressed their satisfaction with regards to the positive developments in Vietnam-Slovakia relations in recent times, with steady development in their trade and economic cooperation, resulting in rapidly growing two-way trade, reaching US$671 million in the first nine months of 2017, an increase of 92% over the same period last year.

To bring their economic cooperation to new heights, the two leaders agreed to further improve the effectiveness of the Vietnam-Slovakia Economic Cooperation Joint Commission, to strengthen trade promotion, and encourage businesses to connect and explore one another’s markets, especially in areas that Slovakia has strength and Vietnam needs. The two sides agreed to promote cooperation on defence-security, culture, tourism, education-training, and science-technology.

Hue also expressed his sincere thanks to the State and people of Slovakia for creating favourable conditions for the Vietnamese community to integrate into Slovakia, adding that overseas Vietnamese communities in the host country would continue to play an active role in promoting the friendship and cooperation between the two sides.

Both deputy PMs expressed their satisfaction with the close cooperation between the two countries in international forums. Deputy PM Peter Pellegrini affirmed that Slovakia supports the strengthening of relations between Vietnam and the EU, as well as the signing and ratification of the EU-Vietnam Free Trade Agreement (EVFTA).

Regarding the East Sea issue, the two leaders emphasised the need to resolve disputes by peaceful means, including diplomatic and legal proceedings in accordance with international law, in particular the 1982 United Nations Convention on the Law of the Sea (UNCLOS 1982).

During his visit, Slovak Deputy PM Peter Pellegrini will meet with Vietnam’s President Tran Dai Quang and PM Nguyen Xuan Phuc; work with Minister of Information and Communications Truong Minh Tuan; participate in the Vietnam-Slovakia Business Forum and visit Ho Chi Minh City.