During the visit, the two sides will compare notes on plans to promote cooperation in economics, trade, investment, defence, security, education, and culture, with the aim of lifting bilateral ties to a new height.

In addition, they will also discuss measures to boost cooperation at regional and international forums of mutual interest.

In recent years, trade revenues between Vietnam and the Philippines have risen considerably. By August 2011, the Philippines had 55 valid projects in Vietnam with a total capitalization of US$270 million, ranking 26^th in the list of 92 nations and territories investing in Vietnam.

President Sang’s visit to the Philippines affirms Vietnam’s consistent policy of strengthening multifaceted ties of friendship and cooperation with the Philippines, both bilaterally and internationally.

Vietnam and the Philippines established diplomatic relations in July 1976. In late 2002, they signed a framework agreement for bilateral cooperation in the first 25 years of the 21^st century and next.