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Vietnam, Belarus seek wider economic ties

Vietnamese Minister of Industry and Trade Vu Huy Hoang and Belarusian Prime Minister M. Myasnikovich discussed a range of cooperative areas as well as the two countries’ potential for cooperation during their talks in Minsk on September 11.
Vietnamese Minister of Industry and Trade Vu Huy Hoang and BelarusianPrime Minister M. Myasnikovich discussed a range of cooperative areas aswell as the two countries’ potential for cooperation during their talksin Minsk on September 11.

They include farm produceproduction and processing, the food processing industry, light industry,construction, electronics, truck assembly and agricultural machinery.

At the meeting, Minister Hoang briefed his host on theoutcomes of several events important to Vietnam-Belarus relations whichtook place this week in Minsk .

They included the tenth session ofthe Vietnam-Belarus Intergovernmental Committee for Economic, Trade,Scientific and Technological Cooperation , the Vietnam-Belarus businessforum and the third round of negotiations on a free trade agreement(FTA) between Vietnam and the Customs Union of Russia, Kazakhstanand Belarus .

He said the events have achieved goodresults, contributing to creating favourable conditions and a legalframework for the two countries’ businesses to step up bilateralcooperation in all realms, especially economics, trade and investment.

For his part, the Belarusian PM was optimistic about theprospect for market expansion through bilateral economic, trade andinvestment cooperation.

He said Vietnam will be a doorfor Belarus to penetrate the Association of Southeast Asian Nations(ASEAN) market while the Eastern European country will serve as agateway linking Vietnam with members of the Customs Union.

Minister Hoang conveyed an invitation to visit Vietnam from Prime Minister Nguyen Tan Dung to PM Myasnikovich.

Within the framework of Prime Minister Nguyen Tan Dung’s visit toBelarus in May this year, the two PMs have agreed to bring two-waytrade to 500 million USD by 2015.-VNA

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