Vietnam optimizes trade ties with Israel

The Foreign Ministry will organise additional activities to boost commercial connectivity between Vietnamese localities and enterprises and their Israel partners. Foreign Deputy Minister Le Hoai Trung made the statement during a conference entitled “Meet Israel” in Hanoi on Thursday gathering 130 representatives of provincial agencies and businesses from both countries. Vietnamese Ambassador to Israel Cao Tran Quoc Hai said Vingroup, TH True Milk, and Hoang Anh Gia Lai are among leading Vietnamese businesses who are applying technology transferred from Israel to improve agricultural production quality. They have achieved positive outcomes so far. Israel’s Ambassador to Vietnam Meirav Eilon Shahar expected the two countries’ localities and businesses would advance their cooperation in trade and investment to fully exploit their potential. Meanwhile, Israel’s drip irrigation technology, male shrimp breeding production and medical equipment are capturing the interest of Vietnamese firms. A fivefold increase was recorded in two-way trade revenue within the last five years, growing from 200 million USD in 2009 to almost 1.1 billion USD last year. A bilateral partnership has been forged and expanded, particularly in the area of science and technology.Mrs Israeli Embassador in Vietnam Meirav Eilon Shahar

Source talkvietnam.com