Belarus, Vietnam eye US$500 million trade in 2015
(VOV) - Vietnam and Belarus will effectively implement high-level agreements to raise two-way trade to US$500 million by 2015.
The agreement was reached at the 10th meeting of the Vietnam-Belarus Inter-governmental Committee for Economic, Trade and Scientific and Technological Cooperation, held in Minsk on September 9-10.
The Vietnamese delegation was led by Vietnamese Deputy Minister of Industry and Trade Le Duong Quang and Belarus Deputy Minister of Foreign Affairs Valentin Rybakov.
They said both sides will examine the possibility of increasing investment in and encourage their businesses to invest in key areas of their strength.
They discussed specific measures to improve the efficiency of cooperation in agriculture, industry, civil construction, finance-banking, science-technology, health care, and education.
Quang and Rybakov agreed to expand cooperation in other areas such as information and communications technology (ICT), culture, sports, and tourism, as well as cooperation between the two countries’ localities.
Vietnam and the Customs Union (Russia, Kazakhstan and Belarus) conducted a new round of free trade agreement (FTA) negotiations in Minsk on September 9.
A Vietnam-Belarus business forum is scheduled to take place on September 11.
The 11th meeting of the Committee will be held in Hanoi in the second half of 2014.