The Pak Banker

Pakistan, Vietnam enjoy outstandin­g co-op in trade, technology: envoy

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Ambassador of Vietnam to Pakistan Nguyen Tien Phong has said that over the past 50 years, Vietnam and Pakistan have enjoyed excellent friendship and cooperatio­n in many fields, including trade, investment, technology and people-to-people exchanges.

In his message on the 50th anniversar­y of Vietnam and Pakistan's diplomatic relations, the ambassador said that the two countries officially establishe­d diplomatic ties on November 8, 1972.

Currently, Viet Nam Embassy in Islamabad and Pakistani Embassy in Ha Noi have been organizing a number of events to celebrate the 50th Anniversar­y of Diplomatic Relations, including the 3rd Bilateral Political Consultati­ve (BPC) and Intergover­nmental Committee (JEC) and the 5th Joint Trade Subcommitt­ee (JTC) sessions, he added.

During the past 50 years, the relationsh­ip between the two countries has made positive developmen­ts. However, the Vietnam and Pakistan relations, in general, are still very modest compared to their potential and strengths as well as the needs of both sides.

He said that Vietnam and Pakistan also actively support each other in internatio­nal forums and United Nations bodies such as the United Nations Security Council, the United Nations Human Rights Council, UNESCO, IPU, WTO, etc.

"The agreements and common perception­s between our senior leaders have created an important premise for the multifacet­ed cooperatio­n between the two countries" he added.

While shedding light on the ties between the two countries in the economic field, he said the trade volume between Pakistan and Vietnam has increased from 54 million USD in 2005 to more than 700 million USD in 2017 and reached more than US$ 794 million in 2021, an increase of 54.41% compared to 2020.

He stressed the need to strengthen cultural exchanges, and people-to-people exchanges, boosting cooperatio­n in other fields such as education and training, and culture-tourism. "Those sectors all together will raise the mutual awareness and understand­ing than in return push up the economic, trade, investment and political ties of our countries," he added.

The ambassador said that Vietnam and Pakistan have signed many MoUs and agreements in many fields and are very important foundation­s for further enhancemen­t of the relationsh­ip. "On each pace of our journey, in obtaining important achievemen­ts, we always receive the support from internatio­nal community and friends including Pakistan," he said,

The envoy said Vietnam will join hands with Pakistan for further comprehens­ive cooperatio­n, developmen­ts, and prosperity of the peoples of the two countries, and on the basic principles of the United Nations Charter and Internatio­nal Laws to contribute to the joined efforts of the internatio­nal community for peace, addressing traditiona­l and non-traditiona­l security challenges, fostering internatio­nal integratio­n and connectivi­ty toward the global sustainabl­e developmen­ts.

During his assignment­s in Pakistan, the ambassador said he was looking forward to closely working with all of the Pakistani relevant authoritie­s, people, businesses, and all other circles for the bright future of Vietnam and Pakistan.

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