Chairman Vuong Dinh Hue said the two leaders extensively discussed orientations and measures to consolidate friendship and improve the efficiency of their cooperation via the Party, Government, National Assembly, people-to-people exchange channels.

National Assembly Chairman Vuong Dinh Hue (left) and his Bulgarian counterpart Rosen Zhelyazkov

They agreed to step up collaboration in economy, trade, investment, culture, sci-tech, education and training, labour, and people-to-people exchanges, business-to-business, and locality-to-locality cooperation.

Vuong Dinh Hue hailed and thanked the Bulgarian legislature for its recent approval of the E.U. - Vietnam Investment Protection Agreement (EVIPA) with an absolute majority of votes, just ahead of his visit.

Along with promoting the effectiveness of the European Union - Vietnam Free Trade Agreement (EVFTA), he said the prompt ratification of EVIPA by the parliaments of E.U. member states will undoubtedly elevate the economic, trade, and investment ties between Vietnam and the E.U. as a whole, as well as between Vietnam and E.U. member states to a new level commensurate with the potential and aspirations of both sides.

Following the talks, the two sides signed a new Memorandum of Understanding (MoU) on cooperation between the two legislatures, another MoU between the Office of Vietnamese N.A. and the Secretariat of the N.A. of Bulgaria, and other cooperation agreements in the fields of culture, education, tourism, and locality-to-locality exchange.

Vuong Dinh Hue believed that his visit will be a great success, contributing not only to fostering the relationship between the two legislatures but also lifting the Vietnam - Bulgaria ties to a greater height.

The two leaders agreed that Vietnam will continue helping Bulgaria access the ASEAN market, while Bulgaria, with its strategic location on the Black Sea, will assist Vietnam in further penetrating the E.U. and the markets of Balkan countries.

Zhelyazkov, for his part, expressed his desire that the two nations will make the most of advantages that the EVIPA brings.

He said both sides expressed special interest in establishing joint ventures to promote bilateral cooperation, tapping into potential for maritime and port collaboration, tourism and culture, and discussed the roles of Bulgaria in Eastern Europe and Vietnam in ASEAN.

The talks made positive contributions to Vietnam - Bulgaria ties, with numerous potential cooperation areas that could elevate bilateral ties to new heights, driven by mutual trust, stronger people-to-people exchanges, and better efficiency of trade and investment, he said.

Source: VNA