Spain and Vietnam are committed to a comprehensive strategic alliance

 

This announcement came after a fruitful meeting with the Vietnamese Prime Minister, Pham Minh Chinh, in which both leaders signed a Joint Declaration and five key agreements in various strategic areas, marking a new chapter of collaboration and mutual understanding.

 

The day began with a high-level meeting between President Sánchez and Prime Minister Chinh, where crucial issues for the strengthening political, economic and cultural ties between the two nations. At the end of this meeting, the signing of a Joint Declaration was formalized, laying the foundation for a future comprehensive strategic relationship, an ambitious goal that reflects the shared desire to deepen cooperation on multiple fronts.

 

In addition to the declaration of intent, five specific agreements were signed covering areas of vital importance to the development and progress of both countries. These agreements comprise a framework for political consultations to establish regular contacts and cooperation on matters of common interest, as well as the exchange of perspectives on regional and international issues. In the field of agriculture and fishingA memorandum was signed promoting the exchange of legislation, business collaboration, cooperation in areas such as fertilizers and agri-food quality (including designations of origin and organic production), and the fight against fraud and illegal fishing.

 

La diplomatic training It was also strengthened by a collaboration agreement between the diplomatic schools of both countries, facilitating staff training and the organization of joint academic programs. In the field of culture and sportThe agreement facilitates reciprocal cultural and artistic activities, the exchange of information on physical preparation and sports cooperation, as well as collaboration in the training of coaches and athletes.

 

This trip marks a turning point in relations between Spain and Vietnam, opening up a promising future of comprehensive strategic cooperation.

 

 

The last of the agreements, and perhaps the one with the greatest short-term economic impact, is a financial protocol that will mobilize credits FIEM for a total of 305 million euros to support investments by Spanish companies in strategic sectors in Vietnam, such as transport, infrastructure, energy, and water.

 

During a joint press conference, President Sánchez highlighted the importance of this progress in bilateral relations. "Spain greatly values ​​the progress and development achieved by Vietnam in recent years and wishes to support and accompany this progress." said the Spanish president, congratulating Vietnam on the 50th anniversary of its reunification and the end of the war.

 

Sánchez also highlighted the dynamism of both economies. "Our economies are among the most dynamic and best-performing globally, so we must take advantage of the opportunities this situation offers us."" he noted, adding that "The agreements we signed today will boost our bilateral relationship, with the goal of moving toward a comprehensive strategic relationship."

 

For his part, the Vietnamese Prime Minister, Pham Minh Chinh, expressed his satisfaction with President Sánchez's visit and the signing of the agreements, highlighting the potential for growth in bilateral relations in various sectors.

 

The Spanish Prime Minister also highlighted Vietnam's impressive sustained economic growth, close to 6% annually over the past two decades. "This is an impressive figure that will lead Vietnam—I'm convinced—to a new level of growth." to become a high-income country by 2050. On this path to prosperity, Spain can and wants to accompany you," said Sanchez.

 

Regarding the international arena, both leaders agreed on their firm commitment to the multilateralism and free trade. "We are also firm defenders of free trade to achieve the development and prosperity of our peoples."Nobody is interested in a trade war; in a trade war, everyone loses, and above all, it's the workers and the middle class of society who lose," Pedro Sánchez emphasized.

 

After his meeting with the Prime Minister, President Sánchez continued his busy schedule in Hanoi, meeting with the other three highest-ranking officials of Vietnam. He met with the General Secretary of the Communist Party of Vietnam, To Lam, recognized the Asian country's commitment to the Sustainable Development Goals. In their meeting with the President of the Republic, Luong Cuong, both leaders agreed on the vast potential of bilateral relations in areas such as trade, cooperation, tourism, and sports. Finally, before the President of the National Assembly, Tran Thanh ManSánchez expressed his desire to deepen parliamentary collaboration for the mutual benefit of both societies. "Spain is following Vietnam's modernization with great interest, and we want to support its growth." concluded the Spanish president.

 

President Sánchez's official visit will continue in Ho Chi Minh City, where he will meet with Spanish companies operating in Vietnam and participate in a business meeting with companies from both countries, seeking to further consolidate economic ties and explore new investment and collaboration opportunities.

 

 

 

 

 

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