Vietnam and Azerbaijan agree on key areas of cooperation
VOV.VN - Vietnam’s Minister of Industry and Trade Nguyen Hong Dien held an online working session with Azerbaijan’s Minister of Energy Parviz Shakhbazov on May 29 to examine key areas of cooperation in the fields of economy, trade, industry, and energy.
Both sides highly appreciated the recent upgrade of Vietnam - Azerbaijan relations to a strategic partnership, following the state visit of General Secretary To Lam to Azerbaijan in early May 2025, and affirmed their commitment to effectively implementing high-level agreements through existing cooperation mechanisms.
They reviewed economic, trade, and energy cooperation and discussed specific directions and measures to further enhance practical and effective bilateral ties in the coming period.
Regarding economic and trade cooperation, the Ministers acknowledged that although bilateral trade has seen growth, it remains modest relative to the potential of both countries. They agreed to intensify trade promotion activities, support businesses in accessing each other’s markets, remove technical barriers, promote two-way investment, and strengthen business-to-business connections in areas of complementary strength.
Both sides identified energy cooperation as a key pillar in bilateral relations. Dien expressed Vietnam’s desire to expand cooperation with Azerbaijan in oil and gas, renewable energy, liquefied natural gas (LNG), technical training, and the transfer of technology in new and renewable energy, including hydrogen. Both sides committed to effectively implementing the Memorandum of Understanding on Energy Cooperation signed in May 2025.
The two ministers also discussed preparations for the coming third session of the Vietnam–Azerbaijan Intergovernmental Committee on Economic and Trade Cooperation slated for July 2025. They held that convening the third session, following the second held seven years ago, is crucial in reviewing the overall cooperation, identifying strategic directions, and finalising concrete action plans for the coming years.
Vietnam, Azerbaijan seek to turn strategic partnership into concrete cooperation
VOV.VN - Vietnamese and Azerbaijani diplomats have discussed ways to translate their newly upgraded strategic partnership into practical cooperation across key sectors, from trade and energy to party diplomacy and transport connectivity.
