The fifth meeting of the Vietnam-Denmark Joint Governmental Committee took place in Hanoi on October 11, seeking to reinforce the comprehensive partnership between the two countries.
The two sides recognized the rapid development in the bilateral economic and trade cooperation in recent years, especially since they became comprehensive partners in 2013 and signed specific action plans for 2014-2015 and 2016.
Speaking at the event, Minister for Planning and Investment Nguyen Chi Dung said Danish businesses have provided USD 1.32 billion in official development assistance (ODA) to carry out some projects in Vietnam.
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| The event |
The Minister said Vietnam hopes Denmark will continue to strengthen its cooperative ties to support the rapid and sustainable economic growth of the Southeast Asian country.
For his part, Danish Minister for Foreign Affairs Kristian Jensen said Denmark always attaches importance to and proactively promote cooperation with Vietnam, particularly in economics, trade and investment.
Denmark is ranking 26th out of the 112 countries and territories investing in Vietnam, with 128 projects worth USD 632 million, focusing on the processing and manufacturing industry, transportation, and logistics across 17 cities and provinces.
The importance of the EU-Vietnam Free Trade Agreement in further developing the bilateral trade and investment cooperation was also highlighted at the meeting.
On development cooperation, a roadmap for procedural harmonization was agreed by both sides to further promote the Danida Business Finance program in Vietnam, with the aim to finance projects of relevant scales that utilize Danish modern technology and techniques.
Furthermore, the two ministers recognized the importance of the new Strategic Sector Cooperation programs between Vietnamese and Danish ministries and agencies in environment, food and agriculture, health care and education.
In addition to the achievements made in economic cooperation and trade, the two ministers also pointed out challenges and measures to further strengthen the role and responsibilities of Government agencies and enterprises from both countries.
They also considered a mechanism for effective exchange of information for timely handling difficulties and problems for businesses in the commercial and investment cooperation.
In the spirit of cooperation through the Joint Governmental Committee’s meeting, the two countries believed that economic cooperation and trade between Vietnam and Denmark will continue to grow and contribute to the successful implementation of the Action Plan of the Comprehensive Partnership Agreement as committed by both sides.
Source: VNA