Viet Nam News
BANDAR SERI BEGAWAN – President Trần Đại Quang arrived in Bandar Seri Begawan, the capital city of Brunei, yesterday, beginning a three-day State-level visit to the country.
The President was met at the airport by Brunei Minister of Education Pehin Haji Suyoi bin Haji Osman, Brunei Ambassador to Việt Nam Pengiran Sahari Pengiran Salleh, Vietnamese Ambassador to Brunei Nguyễn Trường Giang, and officials from the Vietnamese Embassy in Brunei, the Brunei Ministry of Foreign Affairs and the Royal Brunei Armed Forces.
The visit aims to continue implementing the diplomatic guidelines set by the 12th National Congress of the Communist Party of Việt Nam as well as deepen international relations and reinforce the friendship and multi-faceted cooperation with Brunei.
Việt Nam and Brunei established diplomatic ties in 1992. The two countries will celebrate the 25th founding anniversary of diplomatic relations in 2017.
The bilateral relations are growing thanks to regular high-level delegation exchanges. Two-way trade has thrived in recent years, increasing three fold from US$24.2 million in 2010 to $73.7 million in 2015. As of June 2016, bilateral trade had hit $17 million.
Việt Nam mainly exported seafood and rice to Brunei while importing chemicals from the country. Brunei firms have invested in 205 projects in Việt Nam with a total registered capital of over US$2.18 billion, ranking 18th out of the 116 countries and territories investing in Việt Nam. It is the fourth biggest ASEAN investor in Việt Nam, after Singapore, Malaysia and Thailand.
There is plenty of extra room for bilateral co-operation in seafood, real estate and education-training.
Later the same day, President Quang visited the Vietnamese Embassy in Brunei where he talked with embassy staff and representatives of the overseas Vietnamese community about the situation in Việt Nam, the ties between Việt Nam and Brunei, and the aims of his current visit. - VNS