Vietnam, Lithuania Aim to Boost Trade, Energy, and Technology Collaboration

by admin477351

In a recent meeting in Hanoi, Vietnam’s Permanent Deputy Prime Minister Phạm Gia Túc and Lithuanian Foreign Minister Kęstutis Budrys focused on broadening bilateral cooperation between their countries. The discussions underscored the significant potential for enhanced collaboration in various critical sectors, including trade, investment, the digital economy, energy, logistics, cybersecurity, science, and technology.

Vietnam expressed its desire for Lithuania’s support in advocating for the ratification of the EU-Vietnam Investment Protection Agreement (EVIPA) by remaining EU member states. Additionally, Vietnam sought assistance in urging the European Commission to lift the “yellow card” warning on Vietnamese seafood exports. In response, Lithuania reiterated its dedication to fostering stronger Vietnam-EU relations and revealed plans to dispatch a business delegation to Vietnam. This delegation aims to explore potential investment opportunities within the country.

The dialogue between the two nations also covered cooperative efforts at the United Nations and emphasized strengthening ASEAN-EU relations. Both countries committed to promoting peace, stability, and freedom of navigation in alignment with international law. These shared goals reflect a mutual interest in enhancing their global standing and influence through diplomatic and economic partnerships.

Overall, the meeting between the Vietnamese and Lithuanian officials marks a significant step towards deepening their bilateral relations. By identifying key areas for growth and collaboration, both nations aim to leverage their respective strengths to achieve mutual benefits and address global challenges effectively.

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