Caracas (VNA)ꦛ – Vietnamese Deputy Prime Minister Tran Luu Quangheld talks with President of Venezuela Nicolás Maduro Moros in Caracas on April18, as part of his ongoing official visit to the Latin American country.

PresidentMaduro hailed Vietnam as a development model for many countries across the world,including Venezuela. He believed that the Deputy PM’s visit will herald a new phase ofcooperation between the two countries as Venezuela and Vietnam are celebrating the 35th founding anniversary of bilateral diplomatic ties this year. He also affirmed his determination to carry forward CommanderHugo Chávez’s legacy of fostering relations with Vietnam. Deputy PM Quang, for his part, believed that under theleadership of the United Socialist Party of Venezuela (PSUV) and PresidentMaduro, Venezuela will continue achieving more victories in the cause ofnational development and raising its global standing. Vietnam considers Venezuela one of its traditionalfriends and important partners in Latin America, he said, wishing that the bilateral ties would grow increasingly practical and effective for the developmentcause of each country. Informing the host about the outcomes of his meetings withVenezuelan ministers and working sessions between ministries, sectors and localities of the two nations, he suggested the two sides increasethe exchange of delegations, consolidate existing cooperation mechanisms anddialogues, and boost economic-trade-investment ties to match the bilateral politicalrelations and potential of each country. In reply, President Maduro vowed to direct and urge Venezuelanministries, agencies and localities to soon negotiate cooperation documents andlaunch specific projects with Vietnam. He affirmed the Venezuelan Government’scommitment to offering all possible support to Vietnamese firms to do businessin the country. Both sides agreed to actively prepare for upcoming visits by high-ranking leaders, soon convene the 4th session of theInter-Governmental Committee, regularly and flexibly deploy the politicalconsultation mechanism between the two foreign ministries, and work closelytogether at international organisations and multilateral forums. Theyvowed to foster bilateral economic, trade and investment ties throughincreasing the exchange of business delegations, promotion and networking activities,leveraging existing cooperation mechanisms to address lingering obstacles and improvingthe effectiveness of economic collaboration. Thetwo governments will accompany businesses to encourage and facilitate bilateralcooperation and investment projects, especially in the realms of oil and gas, agriculture,telecommunications and construction. On global and regional issues of mutual interest, they shared the view that differencesshould be resolved through peaceful means in accordance with international lawand the United Nations Charter. Later,they witnessed the signing of five cooperation documents, including an actionplan to deploy cooperation between the two agriculture ministries for the 2024 – 2030 period,and Memoranda of Understanding and letters of intent in the fields of oil andgas, petrochemical refining, telecommunications, and construction material production. Earlieron April 18 morning, Deputy PM Quang hosted separate receptions for Venezuelanministers and other high-ranking officials who proposed measures to fortify cooperation in promising areas./.