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Viet Nam, Timor Leste to boost trade co-operation

Update: December, 22/2015 - 09:24
Deputy Prime Minister Hoang Trung Hai receives the Timor Leste Minister of Commerce, Industry and Environment Constancio da Conceicao Pinto, in Ha Noi yesterday. — Photo VGP

HA NOI (VNS) — Viet Nam and Timor Leste held huge potential for co-operation, especially in agriculture, tourism, services, energy, healthcare and education.

Deputy Prime Minister Hoang Trung Hai made the comment while receiving the Timor Leste Minister of Commerce, Industry and Environment Constancio da Conceicao Pinto, in Ha Noi yesterday.

Hai said he expected the Viet Nam National Oil and Gas Group and the Timor Leste National Oil Group to implement future co-operation activities.

In response, Pinto said that Timor Leste was focusing on developing agriculture, fisheries, mining and tourism and wanted more investors from Viet Nam to visit and seek business co-operation opportunities in the country.

Earlier yesterday, the Ministry of Industry and Trade and Timor Leste's Ministry of Commerce, Industry and Environment signed a memorandum of understanding on rice trade.

Viet Nam imported goods worth roughly US$31 million from Timor Leste this year and exported $34 million, ranking sixth among 35 countries that export to the country. — VNS

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