In his remarks, N.A. Chairman Man hailed the dialogue as an important opportunity for businesses from both sides to explore cooperation and investment potential, with the goal of fostering sustainable economic ties that bring tangible benefits to both nations.
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N.A. Chairman Tran Thanh Man speaks at the policy dialogue. (Photo: qdnd.vn) |
He expressed his delight at visiting the beautiful and hospitable country of Morocco, noting his successful meetings with Prime Minister Aziz Akhannouch, Speaker of the House of Representatives Rachid Talbi Alami and Speaker of the House of Councilors Mohamed Ould Errachid.
He affirmed that the Vietnamese delegation’s visit aimed to strengthen legislative cooperation and inject new momentum into broader bilateral collaboration. Vietnam, he stressed, places great importance on its friendship with African nations, especially Morocco.
The N.A. Chairman outlined Vietnam’s recent socio-economic achievements despite facing numerous challenges. In 2024, the country's GDP grew by 7.09%, all 15 major development targets were met or surpassed, GDP reached around 470 billion USD, and per capita income rose to over 4,700 USD. In the first half of 2025, GDP growth was estimated at 7.52%.
Vietnam is now the world’s 34th largest economy and continues to expand in industry, trade and services. In the first six months of 2025, foreign direct investment registered in Vietnam reached approximately 20 billion USD, he noted.
Despite these strong foundations, he acknowledged that economic, trade and investment cooperation between Vietnam and Morocco remains below potential. Bilateral trade remains modest and investment projects limited. He encouraged both sides to use the dialogue to address barriers, improve the legal framework and work toward sustainable economic collaboration.
Looking ahead, the top Vietnamese legislator called for completion of a bilateral legal framework, including the review and signing of remaining agreements. He also advocated for enhanced public-private partnerships (PPP) in areas of mutual strength.
Vietnam, he said, is ready to share its experience in building agricultural and seafood value chains, export processing centers and commodity trading platforms tailored to Morocco’s climate and social conditions. He also emphasized the importance of strengthening business links. Chambers of commerce and industry in both countries should promote trade missions, exhibitions and fairs to help firms identify concrete opportunities, he suggested.
Regarding multilateral cooperation in Africa, the Vietnamese N.A. leader noted that Morocco, given its strategic position and growing regional influence, could work with Vietnam on trilateral or quadrilateral projects, particularly in agriculture and technology, with support from international donors. Vietnam’s strengths include agriculture, textiles and footwear.
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An overview of the policy dialogue on promoting Vietnam-Morocco cooperation (Photo: VNA) |
On legislative exchange, he proposed regular cooperation between Vietnam’s National Assembly and the Moroccan Parliament to create a favorable legal corridor for Moroccan investment in Vietnam and vice versa.
Chakib Alj, President of the General Confederation of Moroccan Enterprises, said the dialogue reflected the shared interest of the two countries’ leaders in supporting their business communities and boosting economic ties based on mutual trust, respect and long-standing friendly relations.
He highlighted Morocco’s recent development achievements under the leadership of the King and Government, describing the country as a key gateway to Africa, with a stable and growing economy, advanced infrastructure, including the high-speed rail system, the first of kind in Africa, and an expanding highway network, along with a highly skilled workforce.
Morocco, he added, has set out a vision towards 2030, with priorities in renewable energy, tourism and services.
He regarded Vietnam as one of the world’s most open economies, with strengths in agro-product processing, electronics, and education, making it a desirable partner for many countries. Stronger cooperation between Morocco and Vietnam, particularly in aviation, green energy, and logistics, will create substantial opportunities for both sides.
With both countries seeing rapid business development, the dialogue served as a valuable platform for connecting their economies. He expressed hope that the Morocco–Vietnam partnership can become a model of Africa–Asia cooperation.
During the dialogue, representatives from Vietnamese ministries presented the country’s investment climate, outlined solutions for boosting bilateral trade and industry ties, and shared proposals for enhancing cooperation in agriculture. Businesses from both sides exchanged views on specific investment opportunities.
The two countries also signed a memorandum of understanding on promoting Vietnam–Morocco investment cooperation.
Source: VNA