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The 2 sides briefed one another on socio-economic improvement within the respective international locations, reviewed cooperation contents agreed on the earlier assembly, and set out cooperation orientations within the time forward, particularly measures to facilitate the operations of their companies.
In his opening remarks, Dien stated the financial, commerce, scientific and technological collaboration has maintained its sturdy progress, particularly after the Vietnam-Eurasian Financial Union (EAEU) Free Commerce Settlement, to which Belarus is a signatory, got here into pressure in October 2016.
Nonetheless, the cooperation has nonetheless proven limitations, and but to match potential and energy of every aspect, he stated, stressing the necessity to set out particular, complete options in the course of the assembly to foster the bilateral ties.
Deputy Minister of Business and Commerce Dang Hoang An, Vice President of the Vietnamese Sub-Committee, reported that two-way commerce nonetheless reached 168.8 million USD final yr regardless of COVID-19, up 131.6 % year-on-year.
Of the entire, Vietnam’s export to Belarus was 21.6 million USD, an increase of 338 %, whereas Belarus’ export to the Southeast Asian nation was 147.2 million USD, up 116.6 %.
By the top of 2021, Belarus had run three initiatives in Vietnam with whole funding capital of 32.25 million USD, rating 67th out of 140 international locations and territories investing in Vietnam.
Belarusian Deputy Minister of Business Ogorodnikov Alexander briefed the members on the implementation of the protocol on supporting the manufacturing of motor transport autos in Vietnam, the development of a dairy manufacturing unit by Minsk three way partnership in Vietnam’s northern province of Hung Yen, and a cooperation venture on heavy responsibility vehicles by Belaz firm of Belarus.
The 2 sides exchanged views on potential and measures to boost cooperation within the fields of trade, commerce, agriculture, science – expertise, tradition, sports activities, tourism and coaching.
In his closing remarks, Deputy PM Sivak harassed that Vietnam is all the time a reliable and essential accomplice of Belarus within the area.
With contents reached in the course of the assembly, Vietnam and Belarus will create mechanisms and authorized frameworks to advertise cooperation in mechanics, meals manufacturing, technical switch and pharmaceutical provide, and enhance the bilateral commerce, he stated.
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