Last updated: Monday, April 24, 2017
Israeli State President Begins Official Tour of VNPosted: Tuesday, March 21, 2017
Israeli President Reuven R.Rivlin and his spouse started a State visit to Viet Nam on March 19 at the invitation of Vietnamese State President Tran Dai Quang.
The visit will seek measures to spur the bilateral ties in all fields and discussions on regional and international issues.
The President was accompanied by Israeli Ambassador to Viet Nam Eilon Shahar; Director General of the President’s Office Harel Tubi, Senior Foreign Policy Advisor David Saranga,Special Aerial Forces Commander of the Israel Air Force Boaz Hershkovitz, as well as Chief Of Staff To Israel President Rivka Ravitz.
Viet Nam and Israel established diplomatic ties on July 12, 1993. Viet Nam opened an embassy in Tel Aviv in May, 2009. Israel launched an embassy in Ha Noi in December, 1993.
The two countries signed a series of agreements and deals to spur the bilateral ties including a framework agreement on economics, science, technology, agriculture, and trade (1996); a financial protocol (2007); a visa exemption agreement on diplomatic passport holders (2009); an anti-double taxation agreement (2009); a protocol on establishment of inter-governmental government (2013).
Israel was one of the countries recognizing Viet Nam’s full market economy. The two sides are negotiating the Viet Nam-Israel Free Trade Agreement.
Viet Nam mainly exported telephones, spare parts, footwear, coffee, cashews, textiles, and aquatic products, while importing machinery, hi-tech equipments and fertilizer.
As of January 2017, Israel had 25 valid projects in Vietnam with a total investment of VND 46.37 million, ranking 56th among 116 countries and territories investing in Viet Nam.
The Israeli side pledged US$250 million in credit support for Vietnamese enterprises that have business connection with Israeli counterparts.
The two countries also boast opportunities and great potential for cooperation in innovation and creativity, high-tech agriculture, and startup.
They are fostering links in agriculture, focusing on developing dairy cow breeding, and aquaculture. Israel supported the implementation of hi-tech agricultural projects in many localities in Viet Nam.