Vietnam, Venezuela towards higher trade turnover
Vietnamese President Truong Tan Sang receives his Venezualan counterpart Nicolas Maduro Moros - Photo: Reuters
Welcoming Vietnamese businesses
President Nicolas Maduro Moros said that Venezuela saw Vietnam as an important partner and would make greater efforts to tighten the relationship between the two countries. Venezuela is ready to support Vietnam in strengthening trade and investment cooperation with 19 Caribbean islands where are home of around 80 million people and the PetroCaribe members, an oil alliance of many Caribbean states with Venezuela.
Venezuela is also ready to help Vietnam promote trade and investment in this country and welcome Vietnamese businesses to seek cooperative opportunities in the coming time. In addition, they will actively overcome difficulties for an oil and gas joint venture between the two countries.
President Nicolas Maduro Moros said that Venezuela had 30 million ha of agricultural land suitable for development and was ready to roll out agricultural cooperation projects between the two countries. Venezuela currently imports more than 85 percent of its basic necessities and the president hoped Vietnam could meet part of this demand.
The two sides stressed the importance of the signing of an agreement on agricultural projects during the 2015-2018 period in order to create a legal basis for the deployment of cooperation projects in food production, seafood farming and livestock breeding in Venezuela in the coming time as well as agreed on implementing cooperation projects between the two countries in the manufacturing and processing industry, infrastructure and social housing construction, building material and electronic equipment production.
Creating a breakthrough in trade relations
Bilateral trade turnover between the two countries has recorded steady growth from US$30 million in 2013 to US$62.7 million in 2014. Vietnam has achieved a trade surplus with Venezuela through garments and textiles, footwear, phones and accessories, electronics, food and foodstuffs and the main imports of garments and textiles, leather and footwear raw materials, rubber, machinery and equipment and spare parts.
The Venezuelan president met Prime Minister Nguyen Tan Dung to discuss specific measures to strengthen cooperation in the coming period. The two sides agreed on effectively implementing cooperation activities in terms of oil and gas, energy, consumer goods production, housing construction, agriculture and seafood.
Venezuelan President Nicolas Maduro Moros had meetings with leaders of the party, the government and the National Assembly of Vietnam. He also held a talk with the Vietnamese business community and called for expanding trade with Venezuela.
Nguyen Huong
See also

Hong Kong pioneers a sustainable future for an 'Asian century'
06:01 | 23/01/2023 Cooperation

How can green trade with EU benefit Vietnam?
06:00 | 12/01/2023 Foreign trade

Strong partnership and cooperation moving forward
06:00 | 11/01/2023 Vietnam and EU

Rosy prospects for Vietnam-Argentina trade
06:00 | 04/01/2023 Vietnam and other regions

Expanded trade opportunities with US
06:00 | 31/12/2022 Vietnam and other regions

Efforts underway to boost trade with UK
06:00 | 29/12/2022 Vietnam and other regions
See more news

Potential remains for Vietnam’s exports to EU
10:49 | 28/12/2022 Vietnam and EU

FTAs boost Vietnam-Latin America trade
06:00 | 27/12/2022 Vietnam and other regions

Key milestones in Vietnam-Indonesia strategic partnership
13:09 | 24/12/2022 Infographic

EVFTA: Opportunities and challenges
06:00 | 19/12/2022 Vietnam and EU

Saskatchewan enhances cooperation with Vietnam
16:14 | 16/12/2022 Vietnam and other regions

Key timelines of ASEAN-EU diplomatic ties
13:00 | 14/12/2022 Vietnam and EU

Vietnam, Philippines boost economic cooperation
06:00 | 14/12/2022 Vietnam and other regions

Business awareness of EVFTA advantages grows
06:00 | 05/12/2022 Vietnam and EU

Vietnam, Cambodia create new impetus for relations
13:00 | 24/11/2022 Vietnam and other regions

Pacific Rim deal boosts exports
06:00 | 24/11/2022 Cooperation

Norwegian Ambassador experiences Vietnamese Tet traditions
06:00 | 28/01/2023 Lifestyle

Binh Lieu mountain region powers up
06:00 | 28/01/2023 Province

Steel industry to gradually recover in 2023
15:48 | 27/01/2023 Industry

Prime Minister launches New Year tree planting festival
15:36 | 27/01/2023 Society

Agro-forestry-fishery exports set new record in 2022
15:20 | 27/01/2023 Infographic
Multimedia

Norwegian Ambassador experiences Vietnamese Tet traditions
06:00 | 28/01/2023 Lifestyle

Fireworks soar across Vietnam ringing in Year of the Cat
13:07 | 22/01/2023 Photo

The cat in Vietnamese culture
13:00 | 22/01/2023 Lifestyle

Sa Dec Flower Village, an attractive destination in Tet
16:11 | 11/01/2023 Tourism

Da Nang tops Vietnam's tourism competitiveness rankings
15:37 | 11/01/2023 Longform

Prime Minister assigns tasks to Deputy Prime Ministers
07:00 | 17/01/2023 Policy

Taking advantage of growth opportunities: Party leader
09:18 | 04/01/2023 Policy

Financial mobilization for development of circular economy
17:02 | 03/01/2023 Policy

Multilateral cultural diplomacy helps Vietnam shine at UNESCO: official
16:02 | 03/01/2023 Vietnam and other regions

Binh Lieu mountain region powers up
06:00 | 28/01/2023 Province

Steel industry to gradually recover in 2023
15:48 | 27/01/2023 Industry

Quang Ninh ships first tonne of coal on first day of Lunar New Year
18:16 | 23/01/2023 Energy

Support industries vital for global integration
06:00 | 18/01/2023 Support industries

Viet Nam calls for more investment in green growth
16:52 | 22/01/2023 FDI

Hanoi attracts nearly US$1.7 billion in FDI in 2022
17:43 | 03/01/2023 Metropolis

FDI disbursement exceeds US$20 billion
06:00 | 01/01/2023 FDI

Screening proposed for improved foreign investment
06:00 | 21/12/2022 FDI

Positive 2023 securities market forecasts
06:00 | 20/01/2023 Stock Market

Banking sector stable, but challenges abound
06:00 | 16/01/2023 Finance-Banking

PM directive to ensure payment demands during Tet
17:55 | 03/01/2023 Finance-Banking

Green finance puts down roots in Vietnam
06:00 | 26/12/2022 Finance-Banking

Vietnam looks ahead to 2023 climate summit
06:00 | 25/12/2022 Environment

Preserving nature, facilitating business
06:00 | 10/12/2022 Environment

AkzoNobel Vietnam protects Cu Lao Xanh lighthouse against harsh weather
11:40 | 24/11/2022 Environment

JTI Vietnam commits to net zero greenhouse gas emissions
16:25 | 15/11/2022 Environment

Welcoming the year of digital data for Vietnam
16:57 | 22/01/2023 Digitalization

Vietnamese animation studio won legal case on copyright infridgement in Russia
11:14 | 11/01/2023 Startups

Top 10 ICT developments in 2022
06:00 | 11/01/2023 Information technology

First retrofitted Emirates A380 enters service
17:41 | 10/01/2023 Science - Technology

Prime Minister launches New Year tree planting festival
15:36 | 27/01/2023 Society

Party General Secretary extends greetings for Year of the Cat
12:19 | 22/01/2023 Metropolis

Strong recovery of capital's economy
06:00 | 17/01/2023 Metropolis

Animated morning at Nghi Thuy fishing port, Cua Lo Town
10:48 | 16/01/2023 Photo

Nestlé Vietnam and the journey to sustainable development
13:00 | 10/01/2023 Companies

VIMC embarks on strong recovery
06:00 | 10/01/2023 Companies

MM Mega Market launches a new modern Giá tốt business model
16:18 | 30/12/2022 Vietnamese Brands

PVCFC develops experts’ system
08:00 | 25/12/2022 Vietnamese Brands

Norwegian Ambassador experiences Vietnamese Tet traditions
06:00 | 28/01/2023 Lifestyle

Chau Ma brocade lives on
06:00 | 27/01/2023 Lifestyle

Bathing in coriander-filled water
13:00 | 25/01/2023 Culture

Gongs keep ringing in Central Highlands
06:00 | 25/01/2023 Lifestyle

Miss Tourism World contest promotes Vietnam
06:00 | 26/01/2023 Tourism

Sa Dec Flower Village, an attractive destination in Tet
16:11 | 11/01/2023 Tourism

Building global brand for Trang An
06:00 | 11/01/2023 Photo

Hanoi tourism meets recovery targets
06:00 | 09/01/2023 Metropolis