Vietnam, Bulgaria strengthen comprehensive cooperation

(VOVWORLD) -  Vietnamese and Bulgarian leaders have agreed to establish joint production ventures in areas where both countries have strengths and needs, particularly logistics, innovation, and new technology. 
Vietnam, Bulgaria strengthen comprehensive cooperation  - ảnh 1National Assembly Chairman Vuong Dinh Hue and Bulgarian President Rumen Radev met in Sofia on September 25, 2023 (Photo: VOV)

During their meeting on Monday in Sofia, National Assembly Chairman Vuong Dinh Hue and Bulgarian President Rumen Radev Monday discussed increasing the exchange of students and offering Vietnamese and Bulgarian courses at their universities. Chairman Hue said he hopes Bulgaria will continue to create favorable conditions for Vietnamese to live, study, and work in Bulgaria. President Radev affirmed his support for Vietnam and ASEAN’s stance on regional security issues, including conflict resolution through peaceful means based on respect for international law and the UN Charter.

Vietnam, Bulgaria strengthen comprehensive cooperation  - ảnh 2At the meeting

At a meeting the same day, Chairman Hue and Bulgarian Prime Minister Nikolai Denkov emphasized their determination to increase bilateral trade turnover in a balanced and sustainable manner. They agreed to revitalize traditional areas of cooperation, including agriculture, food processing, and pharmaceuticals, while also exploring new fields of collaboration such as green and digital transformation, artificial intelligence, and just energy transition. The two leaders agreed to hold the 24th Meeting of the 2023 Vietnam-Bulgaria Intergovernmental Committee soon to review and agree on specific measures to promote economic, trade, and investment cooperation between the two countries.

Mr. Hue also attended the Policy and Law Forum to promote bilateral cooperation between Vietnam and Bulgaria. In his address, Mr. Hue said that Bulgarian leaders suggested businesses from both countries should establish joint venture models to invest in each other's markets or invest in third country markets. Bulgaria can invest in Vietnam and the ASEAN market, which has more than 650 million people. Vietnamese firms can leverage Bulgaria’s strategic position on the Black Sea to penetrate the European market and Balkan countries, he added.

Vietnam always strives to create a favorable investment environment for all enterprises, aiming to attract selective investments, with priority given to industries and fields like high technology, platform industries, and electric cars, Chairman Hue noted.