Vietnam Today

Cooperation should go beyond expanding trade and investment to improving its quality, increasing technological content, raising development standards and competitiveness, and strengthening the position of businesses from both sides in global value chains, General Secretary of the Communist Party of Vietnam Central Committee and President To Lam said.

At their talks in Brussels on October 22, the two leaders agreed to explore and promote maritime economic cooperation as a new pillar of bilateral relations.

During a meeting between General Secretary of the Communist Party of Vietnam Central Committee and President To Lam and President of the European Commission (EC) Ursula von der Leyen in Brussels on October 22, the two leaders agreed to make better use of the special task force on implementing the EU-Vietnam Free Trade Agreement (EVFTA) to further expand economic and trade ties.

The central province is expected to strengthen its role as a centre for the marine economy, international tourism and services, as well as a competitive gateway for trade.

The visit aims to further strengthen cooperative relations with key partners in Europe.

The IMF attributed Vietnam’s performance to manufacturing resilience, robust domestic demand, and expanding exports.