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Vietnam, Israel vow to enhance bilateral ties

HANOI, Nov. 25 (Xinhua) — At the invitation of Vietnamese President Truong Tan Sang, Israeli President Shimon Peres led a high-ranking delegation to visit Vietnam on Nov. 22-26, during which both sides pledged to boost bilateral relations and cooperation.

The two Presidents held talks in Hanoi, during which they expressed satisfaction at the development of relations and cooperation between the two countries in recent years, confirming that the two sides are determined to further develop their bilateral ties in the coming years, especially in science and technology, agriculture, trade, investment and tourism.

The two leaders also exchanged views on regional and international issues of common concern, saying that they wanted to enhance exchange of information and contributed to common efforts for peace, stability, cooperation and development.

In its foreign policy of diversification and multi- lateralization, Vietnam attaches importance to developing relations and cooperation with the West Asian countries, including Israel, and supporting the process of negotiation and peaceful settlement of conflicts, including those between Israel and Palestine, based on international laws, for legitimate interest of the related parties, the Vietnamese President said.

During his stay in Vietnam, Peres separately met with Vietnamese Party General Secretary Nguyen Phu Trong, and Prime Minister Nguyen Tan Dung, to seek ways to further develop bilateral ties.

A highlight event held during Peres’ 5-day visit was the Vietnam-Israel Business Forum to update both sides with information to promote cooperation and seek business partners by the Vietnam Chamber of Commerce and Industry (VCCI) and the Embassy of Israel in Vietnam.

Addressing the forum, Vietnamese Deputy Prime Minister Hoang Trung Hai said Vietnam encourages and provides favorable conditions for Israeli businessmen doing business in Vietnam. The two countries share many common points that businessmen from both sides can cooperate with each other.

Israel is ready to cooperate with Vietnam in areas that are of the two countries’ strength, for the interest of the two peoples, said Peres.

As outcomes of Peres’ visit, Vietnam and Israel signed an agreement for cooperation on maritime transport, and supplements to the Protocol on financial cooperation; VCCI signed with the Federation of Israeli Economic Organizations (FIEO) a memorandum of understanding, and with the Federation of Israeli Chambers of Commerce (FICC) a cooperative agreement.

Vietnam-Israel trade turnover in 2010 reached more than 220 million U.S. dollars, up 34 percent over 2008.

Vietnam exports footwear, garments and agricultural products to Israel, and imports high-tech equipment, chemicals and fertilizers.

In 2011, Israel granted Vietnam with an additional credit loan worth 100 million U.S. dollars. With nine projects and a total registered capital of nearly 33.8 million U.S. dollars, Israel ranks 54th among 93 countries and territories investing in Vietnam.

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