Israel-Vietnam economic cooperation forum set to take place

The Israel-Vietnam Economic Cooperation Forum is set to take place on December 1-2 in Israel during Deputy Prime Minister Hoang Trung Hai’s visit to the country. The forum is expected to bring together around 200 businesses from both nations to discuss and explore opportunities for cooperation in various industries, including agriculture, hi-tech, energy, telecommunications, support industry, healthcare, and real estate.

Here are some key takeaways:

• Israel-Vietnam Economic Cooperation Forum to be held in Israel.
• 200 businesses from both nations to discuss cooperation opportunities.
• Forum expected to boost economic ties and create new business opportunities.

Economic Ties between Israel and Vietnam

In recent years, the economic ties between Israel and Vietnam have grown significantly. Trade turnover between the two countries has increased from $200 million in 2009 to over $1 billion in 2014. Vietnam exports products such as mobile phones and accessories, computers and accessories, footwear, seafood, garments, coffee, pepper, cashew nuts, and machinery to Israel, while importing electronic equipment, machinery, tools, and fertilizers from the country.

The Importance of the Israel-Vietnam Economic Cooperation Forum

The two nations are now preparing to negotiate a Free Trade Agreement (FTA) in the near future, which is expected to further strengthen their economic relationship. This forum provides an opportunity for businesses from both countries to come together and find ways to collaborate, share experiences, and explore new areas of cooperation.

In conclusion, the Israel-Vietnam Economic Cooperation Forum is an important step in boosting economic relations between the two countries and creating new opportunities for businesses in both nations. The forum provides a platform for businesses to come together and explore new areas of cooperation, leading to a more prosperous future for both Israel and Vietnam.