Visit from March 19 to 25 accompanied by Israeli business delegation.
The President of Israel, Mr. Reuven Rivlin, arrived in Hanoi on March 19 for a State visit to Vietnam at the invitation of State President Tran Dai Quang.
To last until March 25, the visit is expected to further strengthen relations between the two countries.
The two presidents held talks following a welcome ceremony at the Presidential Palace hosted by President Quang.
The two expressed their determination to step up wide-ranging ties, especially in the fields of economics and science and technology.
The Vietnamese leader said the visit reflects the wish of Israeli leaders to further deepen the friendship and cooperation between the two countries.
President Rivlin, for his part, expressed his joy at visiting Vietnam for the first time and his admiration for the Vietnamese people’s determination to defend national independence and also their peace-loving spirit.
Expressing delight at the progress of cooperation in trade, agriculture, science and technology, and training, the two leaders set economic ties as a focus and science and technology as a priority in future cooperation.
Accordingly, they vowed to lift two-way trade to $3 billion in the years to come by accelerating the negotiations over and signing of the Vietnam-Israel Free Trade Agreement, facilitating trade ties between businesses and localities, and boosting investment in hi-tech agriculture, human resources training, information technology-electronics-communications, and water treatment.
Vietnam and Israel established diplomatic ties on July 12, 1993.
Two-way trade hit $1.2 billion last year. As at January, Israel had 25 valid projects in Vietnam with a total investment of $46.37 million, ranking it 56th among 116 countries and territories investing in Vietnam.
A delegation of 48 businesspeople from 27 Israeli companies is accompanying President Rivlin on the visit, including founders and executives from leading Israeli enterprises in six sectors: agriculture, cyber security, water solutions, education, energy, and healthcare.
The delegation will attend the Vietnam - Israel Business Forum held jointly by Israel’s Ministry of Economy and Industry and the Vietnam Chamber of Commerce and Industry (VCCI) in Hanoi on March 21 and in Ho Chi Minh City on March 23. Professional seminars, business-to-business meetings, and site visits will also be organized.
The visits and meetings are a great opportunity for Israeli entrepreneurs to explore Vietnamese markets, meet with the local business community to introduce their state-of-the-art technologies and products, and seek cooperation in the future.