Politics

Vietnam-Brunei joint commission’s meeting hailed

Deputy Minister of Industry and Trade Do Thang Hai lauded the outcomes of the first meeting of the Vietnam-Brunei Joint Commission for Bilateral Cooperation.
Vietnam-Brunei joint commission’s meeting hailed ảnh 1At the Vietnam-Brunei Joint Commission for Bilateral Cooperation's meeting (Source: VNA)
Hanoi (VNA) – DeputyMinister of Industry and Trade Do Thang Hai lauded the outcomes of the firstmeeting of the Vietnam-Brunei Joint Commission for Bilateral Cooperation duringa meeting in Hanoi on February 27 with Brunei Minister at Prime Minister’sOffice and Second Minister of Foreign Affairs and Trade Lim Jock Seng.

Lim is in Vietnam to co-chair themeeting with Deputy Prime Minister and Foreign Minister Pham Binh Minh whichwas held the same day on the occasion of the 25th anniversary of bilateraldiplomatic ties.

Reviewing bilateral economic andtrade ties over the past years, they said two-way trade hit 97.7 million USDlast year, up 32.6 year-on-year, and discussed the possibility of enhancinglinks in trade and oil and gas, among others.

Hai suggested facilitatingall-level visits, especially those by businesses and working closely togetherto realise a Memorandum of Understanding (MoU) on trade and industry cooperationsigned by Minister of Industry and Trade Tran Tuan Anh and Minister Lim JockSeng last August.

Both sides need to hold trade andinvestment promotion activities, he said, asking Brunei to provide support for thetwo countries’ oil and gas firms to enhance partnership, including the VietnamNational Oil and Gas Group (PetroVietnam) and the Brunei National PetroleumCompany (Petroleum Brunei) in oil and gas projects in each country and thethird country.

The host requested Brunei to assistVietnam in personnel training and improve the capacity of Halal certificationand management agencies, and businesses in the country.

The Vietnamese Ministry ofIndustry and Trade and the Brunei Ministry of Foreign Affairs and Trade must exertmore efforts to achieve the goal of 500 million USD in two-way trade by 2025 asset by leaders, he said.

Lim also agreed with the host’sproposals.

Discussing the role of the ASEANEconomic Community in each country’s economy and trade, both sides agreed to strengtheninternal trade and tap the potential of major economies in the bloc to easereliance on outside partners.  

Both sides also discussedbilateral ties within the Asia-Pacific Economic Cooperation (APEC) framework. Limcongratulated Vietnam on hosting APEC 2017, saying that Brunei will offer allpossible support to Vietnam during the process.-VNA
VNA
#Deputy Minister of Industry and Trade Do Thang Hai #Vietnam-Brunei Joint Commission for Bilateral Cooperation #meeting #APEC Brunei Vietnam
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