Promoting Vietnam-Finland traditional friendship and multifaceted co-operation

Finnish Prime Minister Matti Vanhanen arrived in Hanoi yesterday for an official visit to Vietnam at the invitation of PM Nguyen Tan Dung.

We are glad to note that in recent time the traditional relations and multifaceted co-operation between Vietnam and Finland have developed positively in the political, economic and trade areas. The two countries have exchanged a number of high-level delegations. At the Consultative Group Meeting for Vietnam in December 2008, Finland committed to giving a grant of US$46.63 million to Vietnam, the highest level so far, up 47.1% in comparison with 2007. Up to now, Finland has granted nearly US$400 million in ODA to Vietnam. In the 2009-2012 period, Finland continues to support Vietnam in other fields such as poverty reduction, pure water, forestry and science-technology.

Finland is considering to gradually transfer ODA to new co-operative fields such as labour, industry and trade policies, climate change, environmental protection, energy and clean technologies.

The bilateral trade turnover of the two countries reached US$240 million in 2008, up 40% compared to 2007. Now Finland has 6 investment projects in Vietnam with total capital of US$60 million. During the visit to Vietnam by Finnish President Tarja Halonen in February 2008, the two sides signed an investment encouragement and protection agreement.

The visit to Vietnam by Prime Minister Matti Vanhanen aims to strengthen the Vietnam-Finland traditional friendly ties and multifaceted co-operation and to further promote the co-operation between the two countries in economy, trade and investment.

It is believed that the official visit by the Finnish PM will be crowned with success, thus making a contribution to peace, stability, co-operation and development in the region and the world.

Nhan Dan


 

 


Nhan Dan