Wednesday,  Jun 26, 2019,16:48 (GMT+7) 0 0
Israeli startups seek to cooperate with Vietnam
By Ngo Kiem
Saturday,  May 25, 2019,15:34 (GMT+7)

Israeli startups seek to cooperate with Vietnam

By Ngo Kiem

An image captured from a video shows that HCMC Vice Chairman Vo Van Hoan (R) gives a souvenir to Gilad Cohen, director general for Asia-Pacific at the Israeli Ministry of Foreign Affairs. More than 5,000 Israeli startups expect to cooperate with businesses in Vietnam - PHOTO: NGO KIEM

HCMC - More than 5,000 Israeli startups expect to cooperate with businesses in Vietnam, especially in HCMC, said Gilad Cohen, director general for Asia-Pacific at the Israeli Ministry of Foreign Affairs.

At a meeting in HCMC on May 24, HCMC Vice Chairman Vo Van Hoan said Israel is an important partner of HCMC, and Vietnam as a whole. Trade between the two countries has grown gradually in recent years, reaching over US$1 billion per year on average.

In the fourth Industrial Revolution, Vietnam will improve the development of technologies and a smart city project, in which Israel has strengths, Hoan added.

Meanwhile, Vietnam has advantages in human resources. HCMC is a hub for economy, education, healthcare and science in the country, the municipal vice chairman said, expecting that the two sides can soon execute their cooperation plans.

Cohen shared Hoan’s view, saying that Israel also seeks to expand its cooperation with Vietnam in the hi-tech, agriculture, auto and aviation sectors.

The two countries have yet to fully tap their cooperation potential. In the near future, Vietnam and Israel will start a new round of negotiations over their free trade agreement, which is expected to help bolster the value of bilateral trade when it takes effect, Cohen said.

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