25th anniversary of VN-Israel diplomatic ties: Achievements & opportunities
VGP – Vietnamese Ambassador to Israel Cao Tran Quoc Hai released an article on the occasion of the 25th anniversary of the establishment of Viet Nam-Israel diplomatic ties.
The two-way trade value exceeded US$1 billion over recent years. The two nations are striving to raise the bilateral trade turnover to US$3 billion in the near future.
Viet Nam’s key export items to Israel include coffee, cashew, footwear and garments.
Crucial mark in the two countries’ cooperation is science-technology, especially technology transfer in high-tech agriculture projects in the provinces of Vinh Phuc and Quang Ninh.
In 2018, the Vietnamese Embassy in Israel has joined hand with the Ministry of Foreign Affairs, the Israeli Embassy in Ha Noi and the Viet Nam Chamber of Commerce and Industry to actively launch a number of economic diplomacy activities and trade and investment promotion activities to introduce Viet Nam’s products to Israel.
The finalization of the Free Trade Agreement negotiations in the upcoming time is expected to create new forces to boost trade, investment and tourism between the two countries, upgrading the bilateral relationship to a higher level, meeting the prospects of their leaders and people.
By Thuy Dung