|Vice Chairman of the National Assembly Phung Quoc Hien
The same day, NA Vice Chairman Phung Quoc Hien met with Speaker of the Parliament of Madagascar Jean Max Rakotomamonjy in the capital city of Antananarivo.
Rakotomamonjy affirmed the fruitful relations between Vietnam and Madagascar, and expressed his hope that the multifaceted cooperation between the two countries would be enhanced, including the exchange of delegations.
He also mentioned several measures to strengthen relations between the two parliaments, including the establishment of friendship parliamentary groups.
Regarding economic aspect, the Malagasy Parliament leader hailed Vietnam’s achievements, adding that Vietnam and Madagascar have many similarities in natural conditions, therefore the two sides can increase their cooperation in aquaculture, fishing and cultivation.
He hoped that the visit will help boost economic and trade ties between the two countries.
For his part, Hien affirmed that, in addition to the fine political and diplomatic ties, the two countries should further their economic and trade relations to fully tap cooperation opportunities, particularly in agricultural production.
Underlining Vietnam’s leading position in rice production and export, Hien said food imports make up of 10 percent of Madagascar’ import revenue, while Vietnam can buy cashew nuts – a key product of Madagascar, for processing and exporting to other nations.
The Vietnamese legislator also highlighted cooperation potential in light industry and processing industry, and proposed a number of measures to boost investment, such as the signing of a Double Taxation Avoidance Agreement (DTAA) and an Investment Promotion and Protection Agreement (IPPA).
Hien took this occasion to convey NA Chairwoman Nguyen Thi Kim Ngan’s invitation to Speaker Jean Max Rakotomamonjy to pay an official visit to Vietnam.