Vietnam, Spain move towards stronger bilateral ties

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Hanoi Times English - 27 month(s) ago 6 readings

The Hanoitimes - Since they officially established diplomatic relations in 1977, Vietnam and Spain have always attached great importance to strengthening their bilateral cooperation which has grown and flourished over the past years.

The Hanoitimes - Since they officially established diplomatic relations in 1977, Vietnam and Spain have always attached great importance to strengthening their bilateral cooperation which has grown and flourished over the past years.

Vietnamese ambassador to Spain Truong Trieu Duong said this in a recent interview for El Mundo Financiero (the World of Finance) newspaper about recent bilateral relations between Vietnam and Spain to mark the 35th anniversary of diplomatic ties.

During former President Nguyen Minh Triet's visit to Spain in 2009, the two nations set up a strategic partnership looking towards the future and signed a joint action programme to define the framework of a special relationship to further develop comprehensive cooperation in line with the expectations of the two governments and peoples.

Vietnam considers Spain an important gateway for accessing the European Union (EU), which is a major trade partner of Vietnam .

Spain currently ranks fourth among the 27 EU nations in total trade exchanges with Vietnam . It regards Vietnam as a priority partner for developing relations in the Asia and Pacific regions and hopes to expand long-term, mutually beneficial cooperation between the two nations, ambassador Duong said.

The Vietnamese diplomat introduced Spanish readers the country's socio-economic and political situation over the past years, adding that despite starting as a war-ravaged low-income nation with an underdeveloped economy, Vietnam has taken full advantage of opportunities to overcome its difficulties and challenges, especially the negative impacts of the global financial and economic crisis, to gain tremendous socio-economic development.

Ambassador Duong also highlighted Vietnam ’s outstanding achievements in culture, education, national defence, security and external affairs over the past decade, saying that the country has been recognized as a model for poverty reduction by the UN. Vietnam has exerted great efforts to translate its challenges into opportunities and maintain high economic growth, even in the face of the global economic downturn.

The country has also continued to attract increasing foreign investment, especially from the US , Japan , the EU and Spain , which have also been affected by the worldwide economic doldrums.

El Mundo Financiero said Vietnam has recorded the highest economic growth rate in Southeast Asia and the second highest in Asia , at an annual average of 8 percent. According to the US global investment banking securities firm Goldman Sachs, Vietnam is listed among the Next Eleven (N-11) group of nations that have posted consistent economic growth.


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