Business

Vietnam hopes for stronger economic ties with Venezuela: ambassador

Current trade relations between Vietnam and Venezuela remain modest and are not yet commensurate with their potential, strengths, or political relationship, said Vietnamese Ambassador to Venezuela Vu Trung My.

At the signing ceremony of a memorandum of understanding to promote and distribute Vietnamese agricultural machinery in Venezuela and Latin American market (Photo courtesy of the Vietnamese embassy in Venezuela).
At the signing ceremony of a memorandum of understanding to promote and distribute Vietnamese agricultural machinery in Venezuela and Latin American market (Photo courtesy of the Vietnamese embassy in Venezuela).

Hanoi (VNA) – Vietnam always attaches importance to the traditional friendship and comprehensive partnership with Venezuela, and wishes to intensify bilateral economic, trade, and investment ties for the sake of the two peoples, said Vietnamese Ambassador to Venezuela Vu Trung My.

He made the remark at the Vietnam – Venezuela Business Forum 2025, held on April 29 as part of activities marking the 50th anniversary of the Liberation of the South and National Reunification (April 30, 1975–2025).

The diplomat noted that current trade relations between the two countries remain modest and are not yet commensurate with their potential, strengths, or political relationship.

He called on businesses, especially private enterprises, from both sides to maintain regular communications and explore appropriate cooperation mechanisms to help strengthen economic and trade links in the time ahead.

In his speech, President of the Caracas Stock Exchange (BVC) Jose Grasso Vecchio congratulated the Vietnamese people on the 50th anniversary of the Liberation of the South and National Reunification, describing this as a significant milestone that serves as a strong stepping stone for Vietnam to confidently enter a new era of national construction and development.

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Vietnamese Ambassador to Venezuela Vu Trung My speaks at the Vietnam – Venezuela Business Forum 2025 (Photo: VNA)

Carlos Enrique Herrera, President of the National Superintendence of Securities (SUNAVAL), expressed his admiration for Vietnam’s socio-economic achievements, particularly in boosting economic growth in tandem with improving people’s living standards.

He also commended the Vietnamese Embassy in Venezuela for co-organising the forum, seeing it as an opportunity for the business communities of both countries to explore cooperation and investment chances, thereby enhancing bilateral trade.

At the forum, Vietnamese and Venezuelan businesses shared information about their markets' potential, strengths, and demand to seek collaboration opportunities across various sectors.

On this occasion, Oswaldo Hernandez, Chairman of the Venezuela – Vietnam Chamber of Commerce (CAVENVIET), and Nguyen Khac Hoang, General Director of Hoang Gia Viet International Food JSC, signed a memorandum of understanding to promote and distribute Vietnamese agricultural machinery in Venezuela and the broader Latin American market./.

VNA
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