Vietnam, Ukraine promoting cooperation

15:56 | 04/10/2017 Cooperation

(VEN) - Vietnam is seeking opportunities to increase long-term and sustainable cooperation with the Ukraine, Minister of Industry and Trade Tran Tuan Anh told visiting Ukrainian Minister of Foreign Affairs Pavlo Klimkin earlier this month at the headquarters of the Vietnamese Ministry of Industry and Trade in Hanoi. 

vietnam ukraine promoting cooperation
Vietnamese Minister of Industry and Trade Tran Tuan Anh (right) and Ukrainian Minister of Foreign Affairs Pavlo Klimkin

The two sides discussed political, economic, commercial cooperation and matters related to the forthcoming 14th meeting of the Vietnam-Ukraine Joint Governmental Committee on Economic, Trade, Scientific and Technical Cooperation. They agreed to make further efforts and support each other in dealing with various issues within the framework of the United Nations.

They also discussed the upcoming visit to Vietnam in the second half of November by the Ukrainian president and a delegation of major businesses in the fields of technology, oil and gas, electricity, aviation and infrastructure. The visiting official said the Ukraine wants to expand bilateral cooperation in technology transfer in mining, shipbuilding, and aviation. The Ukraine welcomes Vietnamese investments in telecommunications, defense, education, science and technology, he added.

Minister Tran Tuan Anh said telephones and electronic components account for 56.6 percent of the total value of Vietnamese exports to the Ukraine. Other Vietnamese exports to this market include seafood, footwear, textiles and garments, rice, fruit and vegetables, pepper and cashew nuts. Vietnam imports from the Ukraine steel and iron, machinery, equipment and spare parts.

The two countries have signed about 50 cooperation documents at state, government and ministerial levels. During the Ukrainian president’s visit to Vietnam, the two sides will discuss the possibility of signing a free trade agreement between the two countries.

The 14th meeting of the Vietnam-Ukraine Joint Governmental Committee on Economic, Trade, Scientific and Technical Cooperation will take place in the city of Kiev from October 9-10. The Vietnamese side has been informed about members of the Ukrainian Subcommittee and received a draft agenda for the meeting. The Europe Market Department and the America Market Department of the Ministry of Industry and Trade will collect the opinions of relevant ministries and sectors about the draft agenda and inform the Ukrainian side about members of the Vietnamese Subcommittee, as well as major political, diplomatic, economic, commercial, industrial and agricultural issues to be discussed at the meeting.

In the first half of this year, trade between Vietnam and the Ukraine reached US$156.3 million, a rise of 17.26 percent compared with the same period in 2016. This included US$100.2 million worth of Vietnam’s exports to the Ukraine, up 11.36 percent, and US$56.2 million worth Ukrainian exports to Vietnam, up 29.48 percent.

Kim Chi & Vu Vu