Israel, Vietnam aim for US$2 billion bilateral trade

(VOV) - Vietnam and Israel should redouble efforts to lift this year’s bilateral trade turnover to US$2 billion from US$1 billion of a year earlier, said chairman of the Party Central Committee's Commission for Economic Affairs Vuong Dinh Hue.

At a meeting with Israeli Minister of Economy Arye Deri as part of the Vietnam delegation’s visit to Israel from June 28-July 2, Hue affirmed Vietnam’s wish to augment multifaceted cooperation with Israel, primarily in economics.

In the first quarter of this year, two-way trade turnover between the two countries grew more than 80% over last year’s corresponding period, Hue said noting that both nations boast great potential for increasing cooperation in science, technology, agriculture, security, defence, trade and investment.

For his part, Minister Arye Deri pledged his best efforts to step up all-round cooperation in the time to come. 

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