Vietnam, Philippines set sights on US$10 billion trade target
VOV.VN - Both nations have agreed to promote substantive development of bilateral relations, especially in the fields of economy, trade, and investment, whilst striving to swiftly elevate bilateral trade turnover to US$10 billion in the time ahead.
National Assembly (NA) Chairman Vuong Dinh Hue held a meeting on August 6 with Speaker of the Philippine House of Representatives Ferdinand Martin Romualdez on the occasion of the 44th General Assembly of the ASEAN Inter-Parliamentary Assembly (AIPA-44) held in Jakarta.
During the meeting, the top Vietnamese legislator hailed the strong development made across multiple fields in terms of the Vietnam-Philippines strategic partnership, especially in high-level contacts.
The two leaders therefore consented to strengthen joint ties in a more substantive manner, particularly in economics, trade, and investment, as well as striving to lift two-way trade to reach US$0 billion in the near future.
Amid the current complicated world situation, NA Chairman Hue suggested that the two sides co-operate in developing supply chains and facilitate the import of key Vietnamese products such as rice and construction materials, along with enhancing collaboration in digital transformation and energy transition.
Both sides concurred to continue strengthening linkages between the two law-making bodies and intensifying the exchange of delegations whilst sharing experience in parliamentary activities.
They will also press ahead with co-operation and mutual support within the multilateral framework, support each other's initiatives at the AIPA, work hand in hand to further reinforce ASEAN's solidarity, strength, and centrality, whilst maintaining a common voice in regional security issues, including the East Sea issue.
The Vietnamese NA leader requested that the Philippine parliament send a delegation to the ninth Global Conference of Young Parliamentarians which will be held in Hanoi. For his part, the Speaker of the Philippine lower house confirmed that he will do so.
NA Chairman Hue used the occasion to invite the Speaker of the House of Representatives and the President of the Senate to visit Vietnam. Ferdinand Martin accepted the invitation with pleasure, while stating that he will make a visit to Vietnam soon.