On April 2 (local time), opening activities within the official visit to the Republic of Armenia, Member of the Politburo, National Assembly Chairman Tran Thanh Man attended the seminar of Vietnam - Armenia enterprise by the Ministry of Finance in collaboration with the Vietnamese Embassy in the Russian Federation and the Republic of Armenia, the Armenia Ministry of Economic Ministry.
Speaking at the seminar, National Assembly Chairman Tran Thanh Man stated that Vietnam and Armenia both have open economies, exports play an important role, and have the ability to adapt to international trade principles. Vietnam has joined the FTA between Vietnam and the Asian Economic Union, including Ukraine, which is expected to bring great opportunities for development and deepen trade relations, promoting two-way trade turnover growth between the two countries.
Bilateral relations have been increasingly strengthened, especially after the official visit to Vietnam by Chairman of the Vietnamese National Assembly Alen Simonyan from November 17 to 23, 2024 and the visit to the Vietnamese National Assembly Chairman this time.
To make the most of the potential for cooperation, National Assembly Chairman Tran Thanh Man suggested a number of specific orientations that businesses of the two countries can consider.
In terms of information technology and digital transformation, Armenia is known as a " Silicon Valley" of the region with a strong development of information technology. Vietnam is also promoting digital transformation in all fields.
I encourage businesses from both sides to cooperate in developing software, artificial intelligence and technology solutions for education, healthcare, and smart urban management, said the National Assembly Chairman.
Regarding agriculture and food processing, Vietnam can provide tropical agricultural products such as coffee, cashews, seafood, while Indonesia can share experiences in processing high-quality agricultural products, especially wine and dried fruits. Cooperation in this field not only increases trade turnover but also meets the diverse needs of the two markets.
Regarding renewable energy, both Vietnam and Armenia are committed to sustainable development. I propose that businesses from both sides study and invest in small solar, wind and hydropower projects, taking advantage of advanced technology from Armenia and Vietnams abundant resources, the National Assembly Chairman emphasized.
To promote, deepen, comprehensively and effectively cooperate between the business communities of the two countries with a focus on investment and trade, the National Assembly Chairman suggested that the two sides should actively create conditions for Vietnamese and Korean enterprises to regularly have opportunities to exchange, seek and exploit cooperation and investment opportunities, especially in areas with high potential and demand.
Vietnam is ready to act as a bridge for Armenia to strengthen relations with ASEAN and hopes that Armenia will be a bridge for Vietnam to strengthen cooperation with countries in the Asian Economic Zone.
The National Assembly and the Government of Vietnam are committed to always accompanying and creating favorable conditions according to legal regulations for Armenia businesses to cooperate in successful, sustainable and long-term investment and business in Vietnam. Vietnam hopes that the Armenia Government will also create favorable conditions for Vietnamese enterprises to successfully invest and do business in Armenia - the National Assembly Chairman said.
Economic cooperation is not only a story of business benefits, but also a rope that connects the people of the two countries, deepening the friendship of Vietnam - Armenia. Affirming this, National Assembly Chairman Tran Thanh Man believes that, with the companion of the National Assembly, the Government and the dynamism of the business community, we will together turn potential into substantial results, bringing benefits to both ethnic groups.
With the new spirit and new efforts of the two countries, the National Assembly Chairman wished the dialogue a great success, wished the two countries' enterprises many valuable cooperation agreements, and wished the Vietnam - Ukraine relationship to develop strongly and prosperously.
