Politics

Forum on Venezuela situation held in Hanoi

Real situation and outlook for Venezuela were provided at a forum jointly held by the Vietnam-Venezuela Friendship Association and Venezuelan Embassy in Hanoi on March 21.
Forum on Venezuela situation held in Hanoi ảnh 1At the forum (Photo: dangcongsan.vn)

Hanoi (VNA) – Real situation and outlook for Venezuela were providedat a forum jointly held by the Vietnam-Venezuela Friendship Association andVenezuelan Embassy in Hanoi on March 21.

Associate Professor PhD Nguyen Viet Thao, Vice Director of the Ho Chi MinhNational Academy of Politics and Public Administration, said that the forumcreates opportunities for participants, including lecturers from the academy, toupdate information about the South American country.

Strong decline in global oil prices in recent years have impacted on thecountry’s socio-economic development, Venezuelan Ambassador Jorge RondonUzcategui said, highlighting that 2016 was a tough year for Venezuela asforeign currency collection tapered off by 87 percent as an impact from the lowoil price.

Headded that despite difficulties, the country still focuses on socialinvestments. Recovery signs in oil price are expected to lever up the economyand create a turning point for Venezuela, he stressed.

Expressing his thanks to the Vietnam-Venezuela Friendship Association forjoining hands with the Venezuelan Embassy to organise such event, theambassador believed that Vietnam and Venezuela will enjoy further sound relations.

At the forum, many participants raised questions on the social life inVenezuela and expressed their love for the country.-VNA
VNA
#socio-economic development #forum Venezuela
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