Vietnamese Deputy Minister of Industry and Trade Hoang Quoc Vuong suggested Vietnam and Belarus increase technological transfers and establish joint ventures in order to strengthen their economic and trade ties.
The official made the appeal at the 12th meeting of the Vietnam-Belarus Inter-Governmental Committee for Economic, Trade, Scientific and Technological Co-operation in Minsk on October 26-27.
During the working session, the two sides agreed to attract investors in key projects in the two countries, from agriculture, industry and construction to finance-banking, science, technology, healthcare and education.
They will also expand co-operation in other realms such as information-communications, culture, sports and tourism. The two countries’ individual localities will also work together.
Participants reviewed remarkable strides in the multi-faceted collaboration between Vietnam and Belarus, including the implementation of agreements on free trade, industry, goods and services reached at the 11 th meeting.
In the industrial sphere, the two countries deployed lorry assembling projects and studied the establishment of Belarus’s bus assembly enterprises in Vietnam.
Belarus increased its exports of tires, pharmaceutical products, alcoholic beverages, milk, food and industrial products to Vietnam.
Meanwhile, Vietnam shipped traditional products like coffee, tea, nuts, instant noodles, candies and seasoning to the Eastern European nation.
The two sides implemented a number of joint projects on science, technology and education.