Vietnam ready to open doors for Israeli businesses
Deputy Prime Minister Vuong Dinh Hue on March 21 reiterated Vietnam's readiness to open doors for Israeli businesses and help them access its market at a Vietnam-Israel business forum in Hanoi.
In his speech, the Deputy PM highly appreciated the special attention that the Israeli Government has paid to the promotion of economic, trade and investment partnership with Vietnam.
Despite two-way trade increasing from US$200 million in 2010 to more than US$1.2 billion in 2016, the figure is still far from meeting expectations, he noted.
He underlined for both sides to step up cooperation in fields of Vietnam’s needs, including farming, breeding, renewable energy, smart power grid, water resource management, e-commerce, cyber security and human resource training.
He also expressed hope that Vietnamese businesses will learn from their Israeli peers’ experience, especially in how to develop the world’s leading startup country with modest natural resources.
"The Vietnamese Government pledged to work hand in hand with the Israel Government in building optimal legal frameworks serving partnerships between the two sides’ business communities," he said.
Hue said he hopes that negotiations for a Vietnam-Israel free trade agreement will be completed in 2018 when the countries celebrate the 25th anniversary of diplomatic ties.
Israeli President Reuven Rivlin highlighted the significance of bilateral ties with Vietnam in his country’s international integration.
He stated that Israel is interested in affiliating with Vietnam in multiple fields, including trade, knowledge-based development, water treatment, irrigation, dairy industry, medical equipment, education, agriculture, fertilizer production, and cyber security.
According to Jonathan Hadar from Israel’s Ministry of Economy and Industry, Israel is becoming a large research and development centre hosting more than 250 multinational groups and firms.
Shraga Brosh, President of the Manufacturers’ Association of Israel, predicted that the two countries will enjoy closer collaboration in hi-tech agriculture, technology transfer, water treatment, mobile network and medical equipment based on the win-win basis.
A conference themed “Israel – Supplier of high technology for Vietnam’s agriculture development,” held the same day with Israeli businesses introducing their advanced technology in watering and green house installation.
The events were co-hosted by the Vietnam Chamber of Commerce and Industry and the Israeli Embassy in Vietnam during President Reuven Rivlin’s State visit to Vietnam from March 19-25
In his speech, the Deputy PM highly appreciated the special attention that the Israeli Government has paid to the promotion of economic, trade and investment partnership with Vietnam.
Despite two-way trade increasing from US$200 million in 2010 to more than US$1.2 billion in 2016, the figure is still far from meeting expectations, he noted.
He underlined for both sides to step up cooperation in fields of Vietnam’s needs, including farming, breeding, renewable energy, smart power grid, water resource management, e-commerce, cyber security and human resource training.
He also expressed hope that Vietnamese businesses will learn from their Israeli peers’ experience, especially in how to develop the world’s leading startup country with modest natural resources.
"The Vietnamese Government pledged to work hand in hand with the Israel Government in building optimal legal frameworks serving partnerships between the two sides’ business communities," he said.
Hue said he hopes that negotiations for a Vietnam-Israel free trade agreement will be completed in 2018 when the countries celebrate the 25th anniversary of diplomatic ties.
Israeli President Reuven Rivlin highlighted the significance of bilateral ties with Vietnam in his country’s international integration.
He stated that Israel is interested in affiliating with Vietnam in multiple fields, including trade, knowledge-based development, water treatment, irrigation, dairy industry, medical equipment, education, agriculture, fertilizer production, and cyber security.
According to Jonathan Hadar from Israel’s Ministry of Economy and Industry, Israel is becoming a large research and development centre hosting more than 250 multinational groups and firms.
Shraga Brosh, President of the Manufacturers’ Association of Israel, predicted that the two countries will enjoy closer collaboration in hi-tech agriculture, technology transfer, water treatment, mobile network and medical equipment based on the win-win basis.
A conference themed “Israel – Supplier of high technology for Vietnam’s agriculture development,” held the same day with Israeli businesses introducing their advanced technology in watering and green house installation.
The events were co-hosted by the Vietnam Chamber of Commerce and Industry and the Israeli Embassy in Vietnam during President Reuven Rivlin’s State visit to Vietnam from March 19-25
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