Both President Truong Tan Sangand Brunei’s Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah madethe assertion at talks following the welcome ceremony for theVietnamese state leader on November 27.
The twosides will maintain high-ranking exchanges and meetings and strengthenpeople-to-people exchanges to increase mutual understanding and trust.
At the talks, the two leaders expressed their pleasure atthe two countries’ developing bilateral relations as well as theirsupport for each other at regional and international forums.
They agreed to promptly organise the first bilateral cooperationcommittee meeting to propose measures to strengthen cooperation inspecific fields, especially in economics, trade and investment.
According to statistics, two-way trade reached approximately 500 million USD in the first nine months of this year.
With 129 projects worth 4.9 billion USD, Brunei now ranks 12th of92 countries and territories investing in Vietnam.
Thetwo leaders spoke highly of defence cooperation and agreed to considerthe establishment of a hotline between their naval forces as well as thesigning of a cooperation agreement on crime prevention.
Vietnam and Brunei will promote cooperation in potentialareas, including agro-fishery, oil and gas, labour, tourism, educationand transport.
The two leaders agreed to assignrelevant ministries and branches to negotiate and sign at an early datevarious cooperation agreements, including the Investment Encouragementand Protection Agreement, MoUs on Fisheries, and Labour and MaritimeTransport Agreement.
The leaders said Vietnam andBrunei will continue to collaborate and support each other atregional and international forums, especially ASEAN and the UN, and workwith other ASEAN members to build an ASEAN Community by 2015.
President Sang affirmed that Vietnam will wholeheartedly backBrunei in its role of the Chair of ASEAN and AIPA in 2013.
Brunei’s Sultan stated that his country will support Vietnam’shosting of the APEC Summit in 2017 and further cooperate with Vietnamwithin the framework of the Trans Asia-Pacific Economic PartnershipAgreement (TPP).
The two leaders agreed thatensuring peace and stability in the region, maritime freedom, safety andsecurity in the East Sea, and the settlement of disputes throughpeaceful means in accordance with international law, in particular the1982 UN Convention on the Law of the Sea, are essential.
They welcomed ASEAN’s Six-Point Principles on the East Sea and theASEAN-China Joint Statement on the 10th Anniversary of the Declarationon the Conduct of Parties in the East Sea (DOC).
Both sides stressed the necessity to fully observe DOC and work towards the signing of a Code of Conduct (COC).
Afterthe talks, President Sang and Sultan Haji Hassanal Bolkiah witnessedthe signing of banking and petroleum cooperative documents.-VNA