Venezuela and Malaysia Pursue Insights from Vietnam’s Economic Growth

At the expanded BRICS Summit in Kazan, Venezuelan President Nicolas Maduro and Malaysian Economy Minister Rafizi Ramli expressed interest in studying Vietnam’s growth history. PM Pham Minh Chinh emphasized strengthening economic ties and cooperation, particularly in agriculture and technology. Both leaders agreed to convene sessions to enhance their partnerships, while discussions with Cuban officials highlighted Vietnam’s support for Cuba amidst its challenges.

During discussions held on the sidelines of the expanded BRICS Summit in Kazan, Russia, Venezuelan President Nicolas Maduro and Malaysian Economy Minister Rafizi Ramli articulated their intent to glean insights from Vietnam’s economic advancement. Prime Minister Pham Minh Chinh emphasized the significance of Vietnam’s enduring friendship and comprehensive partnership with Venezuela while underscoring aspirations to reinforce economic, trade, and investment relations between the two nations. President Maduro commended Vietnam for its substantial socio-economic progress over the past decade and expressed enthusiasm in adopting strategies from Vietnam’s growth framework. The officials resolved to convene an Intergovernmental Committee to fortify economic cooperation and agreed to effectively implement existing agreements, specifically in agriculture, oil, and telecommunications, while also investigating new collaborative opportunities. Moreover, Minister Rafizi Ramli praised Vietnam’s impressive economic growth and suggested enhancing cooperation in emerging sectors such as energy transition and electronics manufacturing. He advocated for increased Malaysian investment in high-tech and value-added industries while demonstrating a keen interest in Vietnam’s creative industry development strategies. Prime Minister Chinh extended greetings to Malaysian Prime Minister Anwar Ibrahim and reiterated the commitments made during the recent ASEAN summits that took place in Laos. Additionally, Prime Minister Chinh met with Cuban Foreign Minister Bruno Rodriguez Parrilla, where he acknowledged the adversities faced by Cuba amid recent challenges. He reaffirmed Vietnam’s readiness to support Cuba and emphasized the need for continuous cooperation across various sectors, facilitating the swift execution of agreements from past diplomatic engagements.

The expanded BRICS Summit serves as a platform for member countries to engage in dialogue on economic cooperation and development strategies. Vietnam has emerged as a noteworthy model of socio-economic progress, particularly in the areas of trade and investment, resulting in increasing interest from other nations seeking to replicate its successes. This dynamic reflects the broader global trend of nations learning from each other’s development experiences, particularly in the context of emerging economies.

In summary, the discussions between Vietnamese officials and representatives from Venezuela and Malaysia highlight a mutual desire to enhance collaboration and learn from Vietnam’s significant economic achievements. The agreements to convene intergovernmental committees and explore new areas of partnership reflect the commitment of these nations to foster deeper economic ties. Additionally, the active dialogue with Cuba underscores Vietnam’s role as a supportive partner in the region, particularly during challenging times.

Original Source: tuoitrenews.vn