Turkish Prime Minister Binali Yildirim’s official visit to Vietnam from August 22-28 is a chance for the two countries to seek measures to beef up and deepen the bilateral partnership in trade, investment, science-technology, transportation, education-training and other fields.
The visit takes place
when the ties between Vietnam and Turkey are growing soundly, with regular
exchange of delegations and many cooperation agreements signed in trade,
science-technology, agriculture and security.
Turkish Prime Minister Binali Yildirim
Vietnam and Turkey set up
diplomatic relations on June 7,
1978. In February 1997, Turkey established its
embassy in Hanoi. In October 1999, Vietnam opened a Trade Representative Office
in Istanbul and in July 2002, Vietnam launched its Consulate General, also in
Istanbul. The Consulate General was upgraded to an embassy and moved to Ankara,
the capital city of Turkey, in October 2003.
Turkey is the leading
trade partner of Vietnam in the Middle East. Last year, two-way trade reached
1.51 billion USD, with Vietnam earning 1.36 billion USD from exports to Turkey.
Currently, Turkey firms are running 15 projects worth 704 million USD in
Vietnam, ranking 26th among foreign investors in the country.
In June 2016, the Turkish
Airlines opened an air route connecting Hanoi and Istanbul through Ho Chi Minh
City with seven flights per week. Earlier, the two countries signed agreements
on aviation, maritime transportation and double tax avoidance.
At the seventh meeting of
the Vietnam-Turkey joint Committee on economic and trade cooperation in Hanoi
on July this year, the two sides agreed to support each other at international
and regional forums, while strengthening the exchange of delegations at all
levels and expanding foreign relations activities to raise trade revenue to 4
billion USD in 2020.
The two sides also
concurred to strengthen cooperation to support small and medium-sized
enterprises, and foster affiliation in investment, customs, quality standards,
energy, food processing, construction and machinery.
Source: PANO
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