PM expects Panama to help boost Vietnamese exports to Latin American market
VGP - Prime Minister Pham Minh Chinh suggested that Panama would help Viet Nam to boost exports to enter the Latin American market.
Prime Minister Pham Minh Chinh shakes hands with Panamanian Foreign Minister Érika Mouynes, Ha Noi, April 5, 2022
The Government chief made the suggestion during a reception on April 5 for Panamanian Foreign Minister Érika Mouynes who is on a visit to Viet Nam.
Pham proposed the two countries would foster cooperation in transport and logistics, make full use of the canals and ports of Panama as well as the position of Viet Nam - one of the 20 economies with largest trade scale in the world - in the global supply chain.
He also recommended both countries' ministries and sectors increase the exchange of delegations and meetings on the sidelines of international events, while enhancing the efficiency of the Viet Nam-Panama joint committee on economic, trade and investment cooperation, and strength collaboration in potential areas such as trade, maritime transport, finance-banking and agriculture.
The host leader also asked Panama, one of few countries in the world that have minus carbon emission, to share experience with Viet Nam in applying green technologies and improving national capacity in sustainable development governance.
In reply, Panamanian FM Érika Mouynes congratulated Viet Nam on its achievements since the launch of reform policy in 1986 and COVID-19 management, expressing belief in the success of Viet Nam’s post-pandemic economic recovery program and sustainable development.
The guest leader promised that Panama will work closely with the Vietnamese side to implement the Prime Minister’s suggestions.
The same day, Vietnamese Foreign Minister Bui Thanh Son held talks with his Panamanian counterpart Érika Mouynes in Ha Noi to discuss ways to strengthen partnership between the two countries across all fields.
Viet Nam and Panama have seen positive results in economic partnership, with Panama always being among Viet Nam's 10 biggest trading partners in Latin America.
Two-way trade between the two countries has risen from US$250 million in 2014 to US$467 million in 2021. The two-way trade turnover surged sharply by 45.5 in 2021 despite COVID-19 impacts./.
