April, 07 2014 08:33:00

Bulgarian PM begins visit to strengthen bilateral ties

Bulgarian Prime Minister Plamen Vasilev Oresharski.
HA NOI (VNS) — Bulgarian Prime Minister Plamen Vasilev Oresharski yesterday began a three-day visit to Viet Nam aimed at creating a chance for both countries to discuss measures to boost bilateral ties.

The subject of the discussions will be economics, trade and investment.

The two sides will also take the occasion to seek ways to implement the Viet Nam-Bulgaria new co-operation model and encourage businesses from both sides to strengthen connections.

During former Bulgarian President Plevneliev's visit to Viet Nam last year, the two countries issued a joint statement on the development of ties towards a future strategic partnership.

Viet Nam and Bulgaria have enjoyed a sound traditional relationship over the past six decades since the establishment of diplomatic ties in February 1950.

Bulgaria was also one of the first countries to establish such relations with Viet Nam.

Bulgaria has also developed ties with Viet Nam as part of its Asia policy, and the two countries hope to lift bilateral ties to a strategic partnership.

Two-way annual trade stands at US$70-80 million.

The two countries are taking steps to implement a new economic co-operation model on the basis of making full use of the strengths of each side.

Bulgaria currently has seven FDI projects in Viet Nam with total capital of more than $30 million, ranking 57th among the 98 countries and territories that invest here.

Bilateral partnerships in other fields such as security, defence, education and training and culture have also made positive progress.

The countries are carrying out an education co-operation programme for the 2012-26 period. Bulgaria has pledged to share its experience in heritage conservation and archaeology by sending experts to help restore historical sites.

Currently, more than 1,000 Vietnamese citizens live in the European country.

The two countries have shown close co-ordination at multilateral forums in the past. Bulgaria has supported Viet Nam's membership of the World Trade Organisation, the UN Security Council for the 2008-09 term, and the Human Rights Council in the 2014-16 tenure.

Viet Nam has supported Bulgaria's nomination for a seat on the UN Economic and Social Council, the Chairmanship of UNESCO, and a space in the International Court of Justice. — VNS

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