5:19 PM, 16/12/2015

VN-Venezuela Agreement in agricultural projects ratified

VGP – The PM has approved the Agreement between the Governments of Viet Nam and Bolivar Venezuela on agricultural cooperation projects in the 2015-2018 phase, which was inked on August 31, 2015 in Ha Noi, Viet Nam.

The Comprehensive Partnership relationship between Viet Nam and Venezuela has been enhanced over the recent years with high ranking leaders’ visits and exchanges.

In 2007, the two sides upgraded their relations to Comprehensive Partnership, ushering in a new cooperative period in a more sustainable fashion.

In economics, the two-way trade turnover increased from US$30 million in 2013 to US$62.7 million in 2014. The two nations signed a score of agreements and agreed to focus on economics, energy, oil and gas and agriculture.

By Thuy Dung

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