Vietnam, Bulgaria agree to revitalise traditional cooperation areas, explore new ones

National Assembly Chairman Vuong Dinh Hue and Prime Minister of Bulgaria Nikolai Denkov have agreed to revitalise traditional areas of cooperation such as agriculture, food processing, pharmaceuticals while also opening up new and promising fields of collaboration like green and digital transformation, artificial intelligence and just energy transition.

Vietnam, Bulgaria agree to revitalise traditional cooperation areas, explore new ones -1
NA Chairman Vuong Dinh Hue met with Prime Minister of Bulgaria Nikolai Denkov. Photo: Doan Tan

During their meeting in Sofia on September 25 as part of Hue's ongoing official visit to Bulgaria, they agreed to encourage the establishment of joint ventures for manufacturing products for export to third countries, tap Bulgaria's expertise and technology, and Vietnam's abundant workforce.

They consented to convene the 24th meeting of the Vietnam-Bulgaria Inter-Governmental Committee this year to review and coordinate specific measures to boost bilateral economic, trade, and investment ties.

Vietnam, Bulgaria agree to revitalise traditional cooperation areas, explore new ones -1
At the meeting. Photo: Doan Tan

Host and guest promised to fostering harmonious economic and trade cooperation in conjunction with collaboration in education, training, culture, tourism, and people-to-people exchanges, based on the signed agreements, especially the five documents inked during Hue’s visit.

Vietnam, Bulgaria agree to revitalise traditional cooperation areas, explore new ones -0

On global and regional issues, they concurred on the need to enhance close cooperation and coordination at multilateral and regional forums, particularly at the United Nations, Asia-Europe Meeting (ASEM), ASEAN-EU, and others.

Chairman Hue said on the basis of the bilateral traditional friendship, Vietnam supports Bulgaria’s bid to strengthen cooperation with ASEAN and hopes that Bulgaria continues to be an effective bridge to push forward ties between Vietnam and the EU.

Vietnam, Bulgaria agree to revitalise traditional cooperation areas, explore new ones -0
NA Chairman Vuong Dinh Hue speaks at the meeting. Photo: Doan Tan

Addressing the law policy forum to reinforce bilateral ties in the Bulgarian capital city on September 25, Chairman Hue highlighted economic-trade-investment ties as a significant pillar in bilateral relations.

He hailed the significance of the event at a time when the two countries are celebrating the 73rd anniversary of diplomatic ties. Lauding the recent approval of the EU-Vietnam Investment Protection Agreement (EVIPA) by the Bulgarian National Assembly with absolute consensus, Hue said it is a crucial step towards the effective implementation of the agreement, laying the foundation to consolidate Vietnam's investment relations with EU countries, including Bulgaria.

Vietnam, Bulgaria agree to revitalise traditional cooperation areas, explore new ones -0
Prime Minister of Bulgaria Nikolai Denkov speaks at the meeting. Photo: Doan Tan

The top Vietnamese legislator proposed that Bulgaria facilitate the entry of Vietnamese consumer goods and agricultural products such as tea, coffee, seafood, vegetables, tropical fruits, apparel, footwear and handicrafts into Bulgaria. Vietnam, in return, is ready to open its doors to Bulgarian goods, including wheat, vegetable oil, rose oil, dried fruits and wine, he said.

He wished that Bulgaria would urge the European Commission’s early removal of the "yellow card" warning on Vietnamese aquatic products, and call on other nations to expedite the approval of EVIPA and coordinate in the enforcement of EU-Vietnam Free Trade Agreement (EVFTA).

Vietnam welcomes Bulgarian firms to invest in areas of Vietnam’s demand and Bulgaria’s strength such as energy, transportation infrastructure, information technology, biotechnology for the preservation and processing of fruits and vegetables, pharmaceuticals, environment protection, he said, adding that while talking with the Bulgarian leaders, he proposed considering the establishment of joint ventures to invest in each other's market or explore opportunities in third markets.

The Vietnamese National Assembly and Government of Vietnam are committed to continuously striving to offer all possible support to all enterprises, recognising that the success of businesses, including foreign ones, contributes to the overall success of the nation, he said.

As Vietnam is strategically focused on attracting selective investments with a priority to high technology, foundational and supporting industries, electronic components, electric vehicles and batteries, innovation, green economy, digital economy and circular economy, Hue also suggested that both sides explore cooperation opportunities in these areas.

At the event, leaders of the Ministry of Industry and Trade and the Ministry of Planning and Investment presented Vietnam’s industry, trade and foreign direct investment attraction policies.

A direct trade session between the two countries’ organisations and businesses were also held to share opportunities across a diverse range of sectors, including electricity, energy, aviation, cashew and pepper exports, raw cotton, rice, animal feed ingredients, pharmaceuticals, and food ingredients./.

Politics-Diplomacy

14th National Party Congress's draft documents more revolutionary, action-oriented, highly feasible: PM
Politics-Diplomacy

14th National Party Congress's draft documents more revolutionary, action-oriented, highly feasible: PM

In the political repor, along with adding the learned lessons and forecasting the context and situation, it highlights the following viewpoints: ensuring development for stability, and stability for rapid and sustainable development of the country; promoting the comprehensive building and improvement of institutional frameworks for fast and sustainable development; addressing bottlenecks and obstacles in a timely and decisive manner; and unlocking all resources and mobilising all drivers of growth

Grand banquet held in honour of top Chinese leader
Politics-Diplomacy

Grand banquet held in honour of top Chinese leader

The host announced that both sides had held highly successful talks and reached broad consensus on key directions and measures to further strengthen Vietnam-China relations, paving the way for a more substantive relationship in a new era of prosperity and development for both nations.

The two leaders jointly witness the presentation of 45 cooperation documents across a wide range of sectors (Photo: VNA)
Politics-Diplomacy

Vietnamese Prime Minister meets China's top leader

PM Chinh expressed appreciation for Xi’s four visits to Vietnam in his capacity as Party General Secretary and President of China, believing that this historic milestone will provide strategic direction and fresh impetus to further foster ties between the two Parties and countries.

NA Standing Committee's 44th session opens
Politics-Diplomacy

NA Standing Committee's 44th session opens

The NA Standing Committee will discuss, review, and decide on 42 groups of issues during this session, including 24 related to constitutional and legislative matters; 10 concerning socio-economic issues, the state budget, supervision, and other important matters; eight within its authority; and five others, which will be decided in writing.

Cultural heritage a driver for Bac Ninh's rapid, sustainable development: NA Chairman
Politics-Diplomacy

Cultural heritage a driver for Bac Ninh's rapid, sustainable development: NA Chairman

Bac Ninh has nearly 1,600 historical sites and 19 artifacts and groups of artifacts recognised as national treasures. In addition, the province boasts four intangible cultural heritages recognised by UNESCO as world heritage, including Quan ho (love duet) folk singing, Ca tru (ceremonial singing), Huu Chap tug-of-war ritual and game, and the worship of the Mother Goddesses of the Three Realms.

Party Central Committee convenes 11th plenum
Politics-Diplomacy

Party Central Committee convenes 11th plenum

The Party Central Committee will also review key decisions made by the Politburo and Secretariat since the 10th plenum, alongside thematic reports on institutional perfection and strategic breakthroughs in science-technology development, innovation, and national digital transformation.

NA Chairman meets with Spanish Prime Minister
Politics-Diplomacy

NA Chairman meets with Spanish Prime Minister

The top legislator expressed his satisfaction with the strong cooperation between the Vietnamese NA and the Spanish parliament, reflected in regular delegation exchanges, close coordination, and joint initiatives at both regional and global parliamentary forums.