Visiting Vietnamese Deputy Prime Minister Nguyen Thien Nhan held talks with his Bulgarian counterpart Simeon Diankov in Sofia on September 3.

During the talks, Nhan spoke highly of Bulgaria’s socio-economic achievements and EU integration over the past time.

He briefed the host about the situation in Vietnam, first of all the economic development, and opportunities for bilateral cooperation in trade, investment, defence, education and training, culture, tourism, science and technology, and international integration.

Nhan stressed that the successful organisation of the 22nd session of the Vietnam-Bulgaria Inter-governmental Committee in June has created favourable conditions for both sides to boost their comprehensive cooperation in all aspects.

However, he noted that economic cooperation between Vietnam and Bulgaria remains modest and is yet to match the two countries’ potential and aspirations.

Nhan affirmed that Vietnam will consider in a positive and serious manner the Bulgarian Government and President’s proposal on a new bilateral cooperation model based on the export of Vietnam ’s semi-processed goods to Bulgaria.

Diankov, who is also Minister of Finance, expressed his belief that bilateral economic ties between Vietnam and Bulgaria will continue to develop in the future as major Bulgarian businesses are very interested in the market in Vietnam.

He agreed on proposals on educational, cultural and artistic cooperation between the two countries’ ministries and agencies to be implemented in the coming time, adding that he will visit Vietnam next month to concretise these potentials.

Bulgaria now has seven FDI projects in Vietnam with a total investment of 30 million USD.

In the future, the two sides will focus on commodities with high added values such as electronic, telecom and medical equipment, bio-technology and renewable energies to increase their two-way trade.

On the same day, Deputy PM Nhan met with Bulgarian Foreign Minister Nicolai Mladenov, and visited the SOFARMA Pharmaceutical Co.’s factory and the Sofia General University’s genetic research centre.-VNA