Vietnam's foreign policy has helped it build a wide network of foreign relations with more than 190 countries and numerous international organisations, helping to enhance its role and position in the international arena, said Ambassador Ly Duc Trung.

Strengthening bilateral economic and trade cooperation after the Vietnam-Israel Free Trade Agreement (VIFTA) comes into effect will bring about great benefits and opportunities to businesses from both countries, Minister of Industry and Trade Nguyen Hong Dien has said.

The Vietnam - Israel Inter-Governmental Committee on cooperation in economy, science - technology and other fields convened the third meeting in Hanoi on August 16.

With the recently-signed bilateral free trade agreement (FTA), Vietnam begins to be a big player on Israel’s investment map, Israeli Minister of Economy and Industry Nir Barkat affirmed on August 16.

Vietnam and Israel on April 2 announced the conclusion of negotiations for their free trade agreement (FTA), creating a premise for the two countries to sign the deal right this year.