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Official Gazette

Tuesday, August 22, 2017

Vietnam to boost economic cooperation with Middle East, Africa

Updated: 10:36’ - 21/10/2015
Vietnam is willing to be a gateway for goods and services from the Middle East and Africa to navigate the markets of ASEAN member states, Deputy Prime Minister Vu Van Ninh said at the international conference on prospects for economic cooperation between Vietnam and Middle East and African nations, held on October 20 in Hanoi.

The International Conference was held on October 20 in Hanoi__Photo: Tuan Anh/VNA

He expressed his satisfaction with the increase in bilateral trade between Vietnam and the Middle East and African nations over the past decade, from USD 2 billion in 2005 to USD 15.7 billion in 2014.

Ninh appreciated the workshop’s significance in promoting cooperation between Vietnam and countries in the Middle East and Africa, particularly in economic, trade and investment relations.

The Vietnamese Government committed to creating favorable conditions for foreign businesses, particularly those from the Middle East and Africa, to invest and operate in Vietnam for a long term, Ninh affirmed, expressing his hope that these countries could support Vietnamese businesses to operate effectively in the strategic region with diverse natural resources.

Secretary General of the United Nations Conference on Trade and Development, Mukhisa Kituyi, said he expected the conference would map out new solutions to fine-tune regulations that facilitate business networking and diverse bilateral collaboration.

Vietnamese businesses, particularly small- and medium-sized enterprises, should improve their competitiveness to expand their operations into the Middle East and Africa, he noted.- (VNS/VLLF)

 

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