Uganda keen to promote trade, investment and agricultural cooperation with Vietnam

VOV.VN - Ugandan President Yoweri Kaguta Museveni has affirmed his nation’s recognition of great importance to its sound friendship with Vietnam, and highly agreed on cooperation orientations put forth by Prime Minister Pham Minh Chinh with a major focus on trade, investment and agricultural cooperation.

Prime Minister Pham Minh Chinh hosted a reception for Ugandan President Yoweri Kaguta Museveni in Hanoi on November 24, during which the Vietnamese cabinet leader congratulated Uganda on its achievements in politics, socio-economic development, and pandemic prevention and control.

He also hailed the country’s contributions at important multilateral mechanisms such as the United Nations, the Non-Aligned Movement (NAM), and the African Alliance.

Chinh briefed the Ugandan President on Vietnam’s orientations and results in socio-economic recovery and development, while suggesting both nations should closely coordinate to deepen their relations in a pragmatic and effective manner.

The exchange of delegations, especially at the high level, would help strengthen mutual understanding and political trust, he went on to say.

He proposed the two countries continue their mutual support at multilateral forums, especially at the time when Uganda assumes the NAM Chairmanship for 2023-2026.

To further enhance economic ties, Vietnam and Uganda need to step up trade and investment promotion activities, thereby facilitating the penetration of goods into the East African market and the Association of Southeast Asian Nations (ASEAN) as well, the Vietnamese Government chief added.

He was appreciative of the initial results in the bilateral investment ties, especially in mining and construction with a total capital of nearly US$40 million, and urged both sides to step up the sharing of information about investment capacity, environment and opportunities.

Agriculture should be a key cooperation area in order to contribute to ensuring food security in each nation, Chinh said, suggesting closer collaboration in education-training, information-communications, national defence and security and tourism, as well as partnerships in other fields like oil and gas, health care, culture and sports.

In response, Museveni expressed his impression on Vietnam’s socio-economic achievements over the past time, and hailed its role at multilateral forums, particularly the UN.

The President said he believes that Vietnam will successfully perform its membership at the UN Human Rights Council for 2023-2025, making remarkable contributions to ensuring peace and development, and human rights.

The two leader consented to create a legal framework for investment and trade activities through negotiations and signing of free trade agreements, and those on double taxation avoidance.

They shared the view that disputes should be settled by peaceful measures in accordance with international law to ensure security, safety and freedom of navigation and aviation.