Israel-Vietnam economic cooperation forum set to take place

(VOV) - An Israel-Vietnam economic cooperation forum will be held in Israel during Deputy Prime Minister Hoang Trung Hai’s visit to the country on December 1-2.

The forum is expected to draw around 200 businesses from the two countries. They will focus discussion on agriculture, hi-tech, energy, telecommunications, support industry, healthcare, and real estate, share experiences and seek cooperation opportunities.

Vietnam-Israel economic ties have developed significantly in recent years. Two-way trade turnover increased from US$200 million in 2009 to more than US$1 billion in 2014.

Vietnam mainly exports mobile phones and accessories, computers and accessories, footwear, seafood, garment, coffee, pepper, cashew nuts, and machines to Israel while imports electronic equipments, machines, tools and fertilisers from the country.

The two countries are preparing to negotiate a free trade agreement (FTA) in the coming time.

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