Vietnam-Venezuela Joint Committee Gathers 1st Meeting

Vietnamese Minister of Industry and Trade Vu Huy Hoang led a working delegation to attend the first session of the Vietnam-Venezuela Joint Committee held August 20 in the Caracas capital.

 

The Vietnamese delegation and Venezuelan senior authorities, including Foreign Minister Nicolas Maduro, Ministers of Energy and Petroleum, Light Industries and Commerce, Basic Industries and Mines, agreed the establishment of a common fund to promote bilateral cooperation in science and technology, economics, finance, commerce, industry, agriculture and culture.

 

The two sides particularly focused on the bilateral cooperation in construction of oil refinery factories in Vietnam and Vietnamese oil exploitation projects in Venezuela.

 

The two sides agreed on Vietnam’s supply and installation of public lighting systems in Venezuela, and information exchange between the Vietnamese national radio, the Voice of Vietnam, and the National Radio of Venezuela (RNV).

 

Vietnam and Venezuela established diplomatic ties in 1989. The two-way trade reached US$8.1 million in 2006.

 

President Hugo Chavez visited Vietnam in July 2006, opening a new page for the relations between the two countries.

 

In May of last year, Vietnamese communist party leader Nong Duc Manh paid an official visit to the Latin American country to boost trade, economic ties especially energy, cultural, and scientific and technological cooperation. (The People, VNA)