Grand Duke of Luxembourg's official visit to Viet Nam
The visit manifests Luxembourg ’s policy of attaching importance to the multifaceted cooperation with Viet Nam , especially in economics, trade, investment, finance and development cooperation.
During the visit, leaders of the two countries are expected to exchange views on regional and international issues of mutual concern as well as global matters, including the economic and financial crisis, climate change and epidemics in order to strengthen the Viet Nam-Luxembourg cooperation at international forums, especially at the UN and ASEM.
Viet Nam and Luxembourg established diplomatic ties on Nov. 15, 1973. Luxembourg backed Viet Nam ’s candidacy for a non-permanent seat in the UN Security Council for the 2008-2009 term, and in turn, the country asked Viet Nam to support its bid to run for the post for the 2013-2014 term. Luxembourg opened its development cooperation office in Ha Noi.
As of August 2011, Luxembourg had invested in 20 projects in Viet Nam , with a combined capital of 1.1 billion USD, ranking 21 out of 92 foreign investors operating in Viet Nam . These projects mainly focus on construction, foodstuff processing, information, communications and high-technology.
However, two-way trade turnover remains modest, reaching only 26.4 million USD in 2010 and exceeding 25 million USD in the first nine months of this year.
Viet Nam mainly exports wooden furniture and handicrafts to Luxembourg , while importing steel, iron, leather and cigarette materials from the European country.
Luxembourg began to provide official development assistance to Viet Nam in 1993 and became an official member of the Consultative Group of donors for Viet Nam in 1998.
In March 1999, the Luxembourg Development Cooperation Agency announced the “Luxembourg-Vietnam Development Cooperation Strategy”, which affirmed that Vietnam is a leading country in Asia and one of the ten key countries in the Luxembourg Government’s Development Cooperation Programme.
Viet Nam and Luxembourg signed the Indicative Cooperation Programme for the 2011-2015 period in Ha Noi on March 2, 2011. Luxembourg pledged to provide 42 million EUR in non-refundable aid for Viet Nam , focusing on rural development, health care, training on tourism, finance and banking.
The two countries have also witnessed new steps of development in cultural cooperation. The two sides jointly held the Vietnamese Culture Days in Luxembourg and an exhibition of Luxembourg paintings in Viet Nam . They are planning to organise the Vietnamese Film Days in Luxembourg in the third quarter of 2012./.
|Back Top page Print Email|