Vietnam - Venezuela bolster trade, investment cooperation

Tourists on Ha Long Bay, a famous destination of Vietnam. (Illustrative photo by Trung Hieu)

The event was to introduce Vietnam’s potential in those spheres, as well as Venezuela’s socio-economic development, investment policies, regulations and incentives, and opportunities for Vietnamese firms when investing in the country.

The Vietnamese Government and people always treasure the friendship and cooperation with Venezuela and stand ready to share experience in national building and development, a representative of the Vietnamese Embassy underlined.

The embassy has paid special heed to cooperation and development in trade, investment and tourism between the two countries, including economy and trade.

Venezuela can be a destination for Vietnamese firms to expand their markets while Vietnam is currently among world’s leading manufacturers which is able to meet the Latin America country’s demands, the representative said.

The Venezuelan side affirmed that the country hopes to welcome more foreign investors and has devised incentives for those from Vietnam. The country has strong import demands for garment-textile, construction material, rice, metallurgy and health care, among others.

The two countries also boast tremendous potential for tourism development, heard the webinar.

Venezuela also highly values achievements of Vietnam’s tourism sector and wants to study and exchange experience with Vietnam, attracting more holidaymakers from the country.

The Venezuelan Ministry of Tourism proposed that Vietnam send students to the South American country to learn the language and tourism, adding that the countries need to ink a framework agreement on tourism cooperation.

The webinar offered chances to connect businesses of the two countries and enhance mutual understanding, helping both sides learn about each other’s demands and grasp collaboration opportunities, according to the Vietnamese Embassy.

The embassy will work with the firms to strengthen cooperation in economy, trade, investment and tourism in tandem with the countries’ comprehensive partnership.

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