State President Luong Cuong met with prominent business executives from the Promotion Society Fabril (SOFOFA) in Santiago de Chile on November 11, as part of his official visit to Chile starting on November 9.
At the meeting with prominent business executives (Photo: VNA)
Santiago de Chile🏅 (VNA) – State President Luong Cuong met with prominent business executives from the Promotion Society Fabril (SOFOFA) in Santiago de Chile on November 11, as part of his official visit to Chile starting on November 9.
Established in 1883, SOFOFA is an association of Chile's 22 largest business groups, representing over 160 member companies – more than half of which are titans of the Chilean stock exchange. With 49 trade unions under its umbrella, SOFOFA's influence spans key economic sectors such as mining, forestry, agro-industry, energy, and information technology.
Speaking highly of Vietnam’s market growth potential, the Chilean side expressed their eagerness to capitalise on the trade agreements linking the two countries. Representatives also showed their admiration to the Vietnamese economy's dynamic developments over the recent past and their hope for chances to find more cooperation agreements with new partners so as to enter the Vietnamese market.
They outlined their keen interest in collaborating with Vietnamese partners in mining, banking, finance, information technology, and others. To expedite these ventures, they sought support from relevant Vietnamese authorities.
President Cuong underlined the strong and enduring bond between Chile and Vietnam, noting that successive Chilean governments have valued and actively worked to fortify relations with Vietnam, while Vietnam views Chile as a strategically important partner and is devoted to deepening ties across multiple sectors.
The leader said that over the 50 years of building and development, economic-investment-trade cooperation has maintained a crucial position in the bilateral relations and achieved significant progress. However, there remains considerable untapped potential for cooperation between the two countries.
He called on Chilean investors to study and expand investment cooperation in various areas, including trade, renewable energy, agriculture, mining, and deep mineral processing while bolstering potential collaboration across such potential domains as high-tech agriculture, climate change response, digital transformation, and advanced technology.
According to Cuong, business associations, particularly SOFOFA, should continue working closely with the Vietnamese Ministry of Planning and Investment and the Vietnamese Embassy in Chile to connect business communities and competent agencies of both sides and serve as a vital bridge to link enterprises and international partners.
Vietnam always accompanies domestic and foreign firms and works to protect the legitimate rights of the investors as well as ensure the harmonious benefits of the State, investors and people, he said, committing to creating a favourable business and investment environment for foreign businesses in general and those from Chile in particular.
He said he believes that the economic-investment-trade cooperation will continue to be an important pillar in the bilateral relations./.
Vietnamese State President Luong Cuong and President of Chile Gabriel Boric Font discussed measures to enhance the relationship between the two countries, making it more intensive, substantive, and pragmatic, towards advancing it to a higher level, during their talks in Santiago de Chile on November 11 morning (local time).
State President of Vietnam Luong Cuong had a meeting with Speaker of the Chamber of Deputies of Chile Karol Cariola, who is also head of the Chile - Vietnam Parliamentary Friendship Group, in Santiago de Chile on November 11.
State President Luong Cuong received in Santiago on November 10 (local time) a delegation from the Chile-Vietnam Cultural Institute led by President Patricia Abarzua as part of his official visit to Chile.
General Secretary of the Communist Party of Vietnam Central Committee To Lam and his spouse Ngo Phuong Ly departed from Hanoi on August 10 morning for a four-day state visit to the Republic of Korea (RoK), which is made at an invitation of RoK President Lee Jae Myung.
As part of the ASEAN Day celebrations, the Vietnamese embassy will also host the ASEAN Family Day 2025 in Ottawa to foster solidarity and community spirit among ASEAN members in Canada.
State President Luong Cuong’s trip once again reaffirmed the Party and State’s foreign policy of independence, self-reliance, diversification and multilateralisation of relations. It also reflected the strong trend of enhanced cooperation among countries of the Global South in shaping a new, more multipolar, fair and equitable world order.
The outcomes of Party General Secretary To Lam's visit will serve as a driving force and source of inspiration for the two countries to inherit, promote, and elevate their Comprehensive Strategic Partnership, contributing to the national construction and development cause in each country, and to peace, cooperation, and development in the region and the world.
Prime Minister Pham Minh Chinh on August 9 inspected the construction site of the new Phong Chau bridge, and surveyed a planned route for the Lao Cai – Hanoi – Hai Phong railway section running through the northern province of Phu Tho.
Across print, broadcast, and online platforms, Angolan media portrayed State President Luong Cuong's visit as a warm and historic occasion, strengthening bilateral ties and boosting Vietnam’s presence in Africa through the AU.
The 500kV Lao Cai – Vinh Yen power transmission line has a total investment of over 7.41 trillion VND (282.5 million USD), and a total length of 229.5 km, passing through 31 communes in the two provinces, and comprising 468 transmission tower foundations.
The visits reflected the elevated position of Vietnam’s foreign policy in the new era—aimed at not only advancing ties with key regional partners like Egypt and Angola but also delivering a strategic message about Vietnam’s commitment to deepening relations with African nations as a whole.
At their talks and meetings, President Cuong and Angola’s top leaders affirmed that the close brotherhood and traditional friendship are a valuable shared asset and a solid foundation for the two nations to advance into a new phase of development.
The ruling People’s Movement for the Liberation of Angola (MPLA) attaches great importance to the friendship, solidarity, and comradeship with the Communist Party of Vietnam, and voiced her Party’s wish to further deepen and expand relations between the two sides for the benefit of the Vietnamese and Angolan people.
Vietnam pledges to do its utmost to build an ASEAN of solidarity, consensus, and unity in diversity, and to foster a fast and sustainable development path for ASEAN, grounded in science, technology, and innovation, said Prime Minister Pham Minh Chinh.
Party General Secretary To Lam called on the criminal police force to accelerate the application of science, technology, artificial intelligence, and digital transformation in criminal investigation tasks such as crime prevention, detection, tracking and verification, ensuring that no area remains out of their reach.
Many Koreans living, studying, and working in Hanoi see the upcoming state visit to the Republic of Korea (RoK) by Party General Secretary To Lam as an opportunity to generate strong synergy in economic cooperation, people-to-people exchanges, and cultural understanding.
The achievements of the five decades of Vietnam–Angola cooperation provide a strong and enduring foundation, as well as momentum for the two sides to consolidate, expand, and bring their partnership into a new phase of development.
Prime Minister Pham Minh Chinh stressed that the emulation and commendation work is a vital driver, fostering patriotism, dedication, and collective momentum in the run-up to the 11th National Patriotic Emulation Congress, Party congresses at all levels, and the 14th National Party Congress.
Emphasising the need for sustainable, long-term collaboration, National Assembly Chairman Tran Thanh Man called on Japanese investors not only to bring in capital but also to share expertise and modern technology, especially in areas such as green transformation, the circular economy, and advanced corporate governance.
President Luong Cuong's activities during his state visit to Angola, the celebration of the financial sector's 80th traditional day, and the Foreign Ministry's flag-hoisting ceremony marking the 58th founding anniversary of ASEAN are among news highlights on August 8.
Vietnamese Ambassador to Thailand Pham Viet Hung praised the Thai Ministry of Foreign Affairs’ meaningful initiative, noting that the ASEAN Family Run was not only a sporting activity but also an opportunity for diplomats and their families to show unity, connection, and solidarity within the ASEAN family.
Politburo member, Prime Minister Pham Minh Chinh on August 8 attended the first congress of the Party Organisation of Tay Ho ward of Hanoi for the 2025–2030 term, during which he called for fresh momentum to turn the ward into a model that takes the lead in all fields.
The size of the economy increased from over 5 billion USD in 1986 to over 476 billion USD by 2024, making Vietnam the fourth-largest economy in Southeast Asia and the 34th largest in the world.
