Vietnam, Malta boost economic cooperation

(VOV) -Vietnam considers Malta a gateway to the European Union, East and South Europe, and North Africa, especially after a free trade agreement (FTA) is signed between Vietnam and the EU in the coming months.

Vietnamese Ambassador to Italy and Malta Nguyen Hoang Long made the statement at a Vietnam-Malta economic cooperation roundtable in capital La Valletta on May 5.

He expressed hope with its complete legal and tax systems, Malta will create favourable conditions for Vietnam to establish banking and financial institutions in the country and then expand to the EU and North Africa.

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The diplomat noted the growing friendship between Vietnam and Malta has developed well over the past 40 years, laying a firm foundation for the two countries to boost bilateral cooperation in various realms, especially economics, trade, investment, tourism, and education-tourism.

At the meeting, Vietnamese Trade Counselor Bui Vuong Anh  provided detailed information about exports, imports and investment between the two sides and evaluated the potential for cooperation in maritime, trade, finance and banking, and tourism services.

The event, first of its kind, was co-organised by the Vietnamese Embassy in Italy and a number of Malta ministries.