President Tran Dai Quang on August 28 encouraged
Quang said there was plenty of room for the two countries to further embrace trade links, adding that
The President affirmed that
He noted that many state-run firms will be listed on the stock market after their equitization in the coming time, creating brilliant opportunities for foreign businesses, particularly those from
|President Tran Dai Quang witnesses the signing of a MoU between the Vietnamese Ministry of Industry and Trade and the Bruneian MInistry of Foreign Affairs and Trade__Photo: VNA|
With a population of 92 million, the purchasing power of
President Quang also underlined
The country aims to record an average GDP growth of 6.5-7 percent and attain per capita GDP of USD 3,500 for 2016-20.
He revealed that
The country will focus on developing infrastructure in transport, energy and urban areas, as well as encouraging public-private partnership (PPP) investment models.
The President highlighted the important agreements the two countries reached on the orientation of business development during his talks with the Sultan of Brunei, Haji Hassanal Bolkiah Mu’izzaddin Waddaulah.
He said the two sides had agreed to enhance trade, investment and cooperation in hi-tech agriculture, oil and gas, and transport infrastructure under the form of PPPs.
He also witnessed the signing of a memorandum of understanding (MoU) to enhance bilateral economic cooperation between the
On August 27, President Quang and the Bruneian Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah, affirmed their determination to further deepen and expand the two countries’ relations in the interests of the two peoples.
At the talks, the two leaders agreed to coordinate in implementing activities to celebrate the 25th anniversary of bilateral diplomatic ties in 2017, including exchanging delegations and holding exhibitions and workshops on their lands, people and cultures.
They affirmed to maintain high-level visits and intensify people-to-people diplomacy in order to tighten mutual understanding and trust, while agreeing to soon organize the first meeting of the Bilateral Cooperation Committee in Vietnam to set forth measures to strengthen cooperation in specific areas, especially economics, trade and investment, so as to achieve the target of USD 500 million in two-way trade by 2025.
|Bruneian President Sultan Haji Hassanal Bolkiah Mu' izzaddin Waddaulah receives President Tran Dai Quang__Photo: VNA|
The two leaders agreed to boost defense collaboration and consider negotiating and signing agreements on trans-national crime prevention, mutual legal assistance on penal affairs, extradition and the transfer of prisoners.
They showed their hope to step up collaboration in such potential fields as agriculture, fisheries, oil and gas, labor, tourism, education and transportation.
They welcomed the signing of a memorandum of understanding on cultural cooperation between the two culture ministries and another on economic and trade cooperation between the Vietnamese Ministry of Industry and Trade and the Bruneian Ministry of Foreign Affairs and Trade during President Quang’s visit.
The two leaders also agreed to assign their ministries and agencies to speedily sign several agreements involving ties regarding labor and maritime transportation.
The Sultan of Brunei appreciated the involvement of Vietnamese businesses in his country’s economy, particularly the effective cooperation between PetroVietnam and Petroleum
President Quang welcomed the enhanced connectivity between the two countries, especially after the resumption of a direct air route linking
The two leaders exchanged notes on regional and international issues, agreeing to support each other at forums, particularly at ASEAN and the United Nations, and to strengthen unity and maintain the central role of ASEAN in the regional security structure.
They emphasized the importance of maintaining peace, stability, security and safety in the East Sea, while agreeing to push for the settlement of disputes in the sea by peaceful means and join other parties in implementing the Declaration on the Conduct of Parties in the East Sea fully and effectively, working towards the formation of a Code of Conduct in the East Sea, in order to maintain peace, stability, cooperation and development in the region and the world.
Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah affirmed that