Vietnam, Venezuela bolster trade, investment cooperation

The Embassy of Vietnam in Venezuela recently held a webinar on promoting Vietnam-Venezuela trade, investment and culture-tourism, with the participation of over 50 businesses of the two countries.
Vietnam, Venezuela bolster trade, investment cooperation ảnh 1Ba Na Hills tourist destination in Da Nang city of Vietnam (Illustrative photo: VNA)

Caracas (VNA) – The Embassyof Vietnam in Venezuela recently held a webinar on promoting Vietnam-Venezuelatrade, investment and culture-tourism, with the participation of over 50businesses of the two countries.

The event was to introduce Vietnam’spotential in those spheres, as well as Venezuela’s socio-economic development,investment policies, regulations and incentives, and opportunities forVietnamese firms when investing in the country.

The Vietnamese Government and people alwaystreasure the friendship and cooperation with Venezuela and stand ready to shareexperience in national building and development, a representative of theVietnamese Embassy underlined.

The embassy has paid special heed tocooperation and development in trade, investment and tourism between the twocountries, including economy and trade.

Venezuela can be a destination forVietnamese firms to expand their markets while Vietnam is currently amongworld’s leading manufacturers which is able to meet the Latin America country’sdemands, the representative said.

The Venezuelan side affirmed that the country hopes to welcome more foreign investors and has devised incentives for those from Vietnam. The country has strong import demands for garment-textile, construction material, rice, metallurgy and health care, among others.

The two countries also boast tremendouspotential for tourism development, heard the webinar.

Venezuela also highly values achievementsof Vietnam’s tourism sector and wants to study and exchange experience withVietnam, attracting more holidaymakers from the country.

The Venezuelan Ministry of Tourism proposedthat Vietnam send students to the South American country to learn the language and tourism,adding that the countries need to ink a framework agreement on tourismcooperation.

The webinar offered chances to connectbusinesses of the two countries and enhance mutual understanding, helping bothsides learn about each other’s demands and grasp collaboration opportunities,according to the Vietnamese Embassy.

The embassy will work with the firms tostrengthen cooperation in economy, trade, investment and tourism in tandem withthe countries’ comprehensive partnership./.

VNA

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