Politics

50 years of diplomatic ties – new chapter of Vietnam- Luxembourg relations

The 50th founding anniversary of diplomatic ties between Vietnam and Luxembourg (November 15, 1973 - 2023) will open up a new chapter for the bilateral relations, a Vietnamese diplomat has affirmed.
50 years of diplomatic ties – new chapter of Vietnam- Luxembourg relations ảnh 1At the signing ceremony of a Memorandum of Understanding on cooperation between Vietnamese and Luxembourg businesses. (Photo: VNA)
Brussels (VNA) – The 50th founding anniversary of diplomatic ties between Vietnam and Luxembourg (November 15,1973 - 2023) will open up a new chapter for the bilateral relations, a Vietnamesediplomat has affirmed.

In an interview granted to the Vietnam News Agency(VNA)’s resident correspondent in Brussels, Vietnamese Ambassador to Belgium andLuxembourg Nguyen Van Thao, who is also Head of the Vietnamese delegation to theEuropean Union (EU), noted that the relationship has witnessed “very good” development steps over the past five decades.

According to the ambassador, the signing of the EU-Vietnam FreeTrade Agreement (EVFTA) and particularly the visit to Luxembourg by PrimeMinister Pham Minh Chinh in December 2022 have opened up a new page for the bilateral relations, which targets green finance – an outstanding strength ofLuxembourg over the past decades.

Vietnam should learn from Luxembourg’s experience infinancial services to make changes in its development path and optimiseadvantages to create development breakthroughs, he said.
50 years of diplomatic ties – new chapter of Vietnam- Luxembourg relations ảnh 2Vietnamese Ambassador to Belgium and Luxembourg Nguyen Van Thao, who is also Head of the Vietnamese delegation to the European Union (EU), in an interview with the Vietnam News Agency's resident correspondent. (Photo: VNA)
Green finance plays a crucial role as Vietnam ispursuing a green, sustainable economy, he said, adding the country and its internationalpartners announced the establishment of the Just Energy Transition Partnership(JETP), and it made strong commitments at the 26th United Nations ClimateChange Conference (COP26).

The ambassador also highlighted the establishment ofthe Vietnam-Luxembourg strategic partnership on green finance on the occasionof the official visit to Vietnam by Luxembourg Prime Minister Xavier Bettel inMay, which, he said, has laid a firm foundation for the bilateral cooperation.

Green finance was also tabled for discussionduring the visit to Luxembourg by Minister of Finance Ho Duc Phoc andrepresentatives from the State Securities Commission (SSC), the Hanoi StockExchange, the Ho Chi Minh Stock Exchange, and four major banks of Vietnam inJuly, the ambassador said.

The two sides agreed to coordinate to issue governmentbonds and green bonds, towards corporate bonds in Luxembourg, he continued,noting to that end, Vietnam needs good legal and technical systems and capablehuman resources.

The diplomat expressed his belief that there will bespecific action programmes that are expected to give momentum to Vietnam’sgreen development in the coming time./.
VNA
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