Vice President meets Portuguese officials, chairs business dialogue in Portugal

Vice President Vo Thi Anh Xuan met with Vice President of the Portuguese parliament Edite Estrela, held talks with Foreign Minister Augusto Santos Silva and chaired a business dialogue forum on October 29, as part of her working trip to the European country.

During the talks with Minister Augusto Santos Silva, Vice President Xuan affirmed that Vietnam is pursuing a foreign policy of independence and diversification and multilateralization, under which it is deepening bilateral cooperation with important partners, including the European Union in which Portugal is a member.

The two sides took note with satisfaction the positive progress in Vietnam-Portugal relations in recent years, and agreed upon measures to further the bilateral cooperation in the time ahead.

They said the two countries should increase the exchange of visits at all levels, particularly at high-level, to create a momentum for bilateral ties.

Vice President Xuan conveyed an invitation to visit Vietnam from Prime Minister Pham Minh Chinh to his Portuguese counterpart Antonio Costa.

The sides stressed the need to study directions for bolstering cooperation in all aspects, especially economics, trade and investment. They agreed on the target of raising bilateral trade value from US$471 million in 2020 to US$1 billion.

The Vietnamese leader called on Portuguese businesses to increase their investment and business operation in Vietnam, especially in fields that the two countries can complement each other such as sea economy, maritime, renewable energy and tourism. She said Vietnam is willing to serve as a bridge connecting Portuguese firms with the Southeast Asian and Asia-Pacific markets.

Xuan asked Portugal to assist Vietnam in developing trade and investment ties with the EU, and urged the country to early verify the Vietnam-EU Investment Protection Agreement (EVIPA) and help with the removal of the EC’s yellow card on Vietnamese seafood.

Minister Augusto Santos Silva affirmed that Vietnam is a priority partner of Portugal as well as the EU. He said there remains large room for the two countries to boost cooperation in trade and investment, and promised that Portugal will create favourable conditions for agencies and businesses of both sides to connect and expand markets. He also pledged to work for the early completion of procedures for the verification of the EVIPA.

The minister informed that Portugal has decided to grant Vietnam with 160,000 doses of Pfizer COVID-19 vaccine through the Covax mechanism, and suggested that the two countries continue to work together in responding to challenges posed by the pandemic and in helping the Vietnamese community in Portugal stabilize their life.

 The two sides also discussed international and regional issues of common concern, and pledged to coordinate on multilateral and regional forums as well as support each other at cooperation mechanisms such as the ASEAN-EU and the United Nations.

At the meeting the same day with Vice President of the Portuguese parliament Edite Estrela, Vice President Xuan took the occasion to thank the Portuguese parliament  for its strong support for strengthening relations between the two countries and the comprehensive cooperation between Vietnam and the EU.

She proposed that the two countries’ parliaments increase the exchange of delegations. She conveyed an invitation to visit Vietnam at an appropriate time from National Assembly Chairman Vuong Dinh Hue to the President of the Portuguese parliament.

The two sides affirmed that cooperation between the two parliaments and countries will continue to be promoted in both bilateral and multilateral frameworks. They expressed support for maintaining peace and stability, respecting the 1982 UN Convention on the Law of the Sea (UNCLOS) in the region and the world, promoting dialogue and facilitating cooperation and development for common prosperity.   

Addressing the Vietnamese-Portuguese business dialogue, Vice President Xuan briefed the business delegates on Vietnam’s socio-economic situation and the country’s development priorities such as high technology, innovation and digital economy. She affirmed that Vietnam will create all possible favourable conditions for Portuguese investors to operate long term and reap success in the country.

Portuguese business representatives showed interest in Vietnam’s orientation and strategy for development and integration, as well as possibilities for business cooperation.

The business dialogue was the last activity of Vice President Xuan in Portugal. She is scheduled to start an official visit to Greece on October 31.