Vietnamese Prime Minister Pham Minh Chinh hosted separate receptions for Turkish Minister of Treasury and Finance Mehmet Simsek as well as Minister of Industry and Technology Fatih Kacir on Thursday during his visit to Turkey from Wednesday to Thursday.

At the reception for Minister Simsek, PM Chinh stressed that Vietnam and Turkey hold strategically important geographical positions and can support each other in connecting with large markets in Europe, the Middle East, Africa, and Asia.

There is much room left for further cooperation between the two nations whose economies can complement each other, but the number of their cooperation frameworks remains modest, the top Vietnamese official said.

PM Chinh suggested Minister Simsek continue his active contributions to effectively enhance bilateral economic ties, especially facilitating negotiations on the Vietnam - Turkey Free Trade Agreement (FTA), removing trade barriers to Vietnamese export products, and recognizing the market economy status of Vietnam.

Minister Simsek said that the Vietnam-Turkey relations have many favorable conditions to advance further.

The senior Turkish official affirmed that Vietnam remains one of Turkey's priority economic partners in Asia and hoped that both nations will strengthen multifaceted cooperation in the upcoming time.

Minister Simsek underlined the need for the two countries to jointly bolster air links, visa policies, and open branches of Turkish commercial banks in Vietnam.

The Turkish minister suggested reducing the number of remedy measures to bolster trade cooperation, studying the possibility of initiating FTA negotiations to achieve a balance of trade and establish stronger cooperation frameworks in the years to come, and encouraging Turkish enterprises to engage more in investment and infrastructure development projects in Vietnam.

During his reception for Minister Kacir, the Vietnamese government leader affirmed that Vietnam wishes to beef up cooperation with Turkey in the national industrialization process and pledges support for Turkish enterprises in doing business in the Southeast Asian nation.

PM Chinh proposed the Turkish side mull over the possibility of making investment in and sharing its experience to operate hi-tech parks and industrial zones in Vietnam.

Minister Kacir stated that Turkey likes to bolster its cooperation with Vietnam in the fields of industry, hi-tech, automation, national defense, automobile manufacturing, and others.

According to his suggestions, Turkish electric carmakers and their Vietnamese partners should boost further cooperation. He said that it is a new yet highly potential sector.

He also suggested both sides continue completing legal frameworks to pave the way for the two countries’ cooperation activities in the upcoming period.

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