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Marcos and Chinh promise to improve PH-Vietnam relations

The cooperation between the Philippines and Vietnam in the areas of trade and investment, tourism, agriculture, and defense and security would be strengthened, according to President Ferdinand R. Marcos Jr. and Prime Minister Pham Minh Chinh of Vietnam.

The agreement was established at a bilateral discussion between the two leaders that took place on Wednesday in Labuan Bajo, Indonesia, outside of the 42nd Association of Southeast Asian Nations (ASEAN) Summit and Related Summits.

According to a press release issued on Thursday by the Presidential Communications Office (PCO), Marcos expressed certainty that the two nations are already “ripe” to intensify their collaboration.

According to Marcos, who was quoted by the PCO, “I think that the market is ripe for continued development in the areas of the course as I mention,” Pham was informed.

Marcos praised the “flourishing” commerce, notably in agricultural goods, not just between the Philippines and Vietnam but also with other nations.

According to Marcos, trade in agricultural products has grown to be a “very important” component of the Philippines’ food supply.

Marcos emphasized the necessity for both governments to intensify their engagement, which should go “beyond just in trading in rice.” He acknowledged the two nations’ improving relations with the assistance of the business sector.

Pham gave Marcos the reassurance that Vietnam would collaborate with the Philippines on trade promotion to keep supply chains and trade between the two nations diverse.

“And if you can ensure long-term strategic cooperation in the provision of such goods and ensure stability both in terms of the goods themselves and have their price, that would help us to be better [and] more resilient to external shocks in the years to come,” Pham said to Marcos.

Additionally, Marcos saw Vietnam as an “important partner” in rebuilding the Philippine tourism industry, which is crucial to the nation’s recovery from the coronavirus outbreak.

“Therefore, I believe that this is a crucial area… for us to forge closer ties. Because in this way, he added, we would gain strength from one another, ASEAN, our member states, and from the agreements we create between the two nations.

Marcos also stated his willingness to improve relations between the heads of state and the government of the two countries militaries.

Pham, on the other hand, requested support from the Philippines in order to support Vietnam’s bid for a number of UN-run bodies, including the UN Security Council, the UN Commission on International Trade Law, the UN Human Rights Council, and the presidency of the UN General Assembly’s 91st session.

On June 12, 1976, the Philippines and Vietnam formally established diplomatic ties.

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