National Assembly Chairman Tran Thanh Man attended the opening ceremony of the Policy Dialogue on Promoting Economic , Trade and Investment Cooperation between Vietnam and Morocco. (Photo: Doan Tan/VNA)
According to a special correspondent of the Vietnam News Agency, within the framework of an official visit to the Kingdom of Morocco, on the afternoon of July 25 local time, National Assembly Chairman Tran Thanh Man attended a discussion on policies to promote Vietnam-Morocco cooperation.
In his opening speech, Chairman of the Moroccan Business Federation Chakib Alj said that the Dialogue showed the leaders' interest in the business communities of the two countries for the common interests of the two peoples as well as the National Assembly /Parliament's interest in the economic development of the two countries on the basis of good relations, trust and mutual respect.
The President of the Moroccan Business Federation shared that thanks to the wise leadership of the King and the Government, Morocco has had strong development in recent times.
Morocco is considered an important gateway to the African market with a stable economic growth, developed industry, modern infrastructure, especially high-speed railway (the first system in Africa) and a developed highway system, and highly trained human resources.
Morocco also defines a vision from now until 2030, focusing on developing renewable energy, tourism, and services.
According to the President of the Moroccan Business Federation, Vietnam is one of the most open economies in the world with strengths in agricultural processing, electronics, education and training and is a partner that all countries want to cooperate with. Therefore, promoting cooperation between Morocco and Vietnam will bring many opportunities, especially in areas such as aviation, green energy, logistics, etc.
With the business communities growing strongly in both countries, this dialogue is a valuable opportunity to strengthen the connection between the two economies. The President of the Moroccan Business Federation hopes that cooperation with Vietnam will become a model of cooperation between an African country and an Asian country.
National Assembly Chairman Tran Thanh Man speaks at the Policy Dialogue on Promoting Economic, Trade and Investment Cooperation between Vietnam and Morocco. (Photo: Doan Tan/VNA)
Speaking at the seminar, National Assembly Chairman Tran Thanh Man said the seminar was a valuable opportunity for Vietnamese and Moroccan businesses to exchange and explore investment cooperation opportunities to promote sustainable economic cooperation, bringing practical benefits to both sides.
Expressing his joy at visiting the beautiful and hospitable country of Morocco, the National Assembly Chairman said that he had very successful meetings and talks with Prime Minister Aziz Akhannouch, Speaker of the House of Representatives Rachid Talbi Alami, and President of the Senate Mohamed Ould Errachid.
The official visit to the Kingdom of Morocco by the high-ranking Vietnamese delegation aims to consolidate and further strengthen the good cooperative relationship between the legislative bodies of the two countries, creating momentum to expand bilateral cooperation in various fields.
The National Assembly Chairman emphasized that Vietnam always cares about and values friendly countries in Africa, especially Morocco.
The National Assembly Chairman said that despite many difficulties and challenges, Vietnam has achieved many achievements in socio-economic development.
In 2024, GDP growth rate will reach 7.09%; 15/15 socio-economic targets will be achieved and exceeded; GDP will reach about 470 billion USD, per capita income will reach more than 4,700 USD. In the first 6 months of 2025, GDP growth rate will be about 7.52%.
Currently, Vietnam is the 34th largest economy in the world, strongly developing in industry, trade, services... Regarding attracting foreign investment (FDI), in the first 6 months of 2025, Vietnam attracted about 20 billion USD in registered capital.
According to the National Assembly Chairman, the potential for economic, trade and investment cooperation between Vietnam and Morocco is huge, but has not been adequately exploited. Bilateral trade turnover remains modest and direct investment projects between the two countries remain limited.
The seminar is a valuable opportunity for both sides to discuss and find solutions to remove barriers, improve the legal framework, and promote sustainable economic cooperation.
Moroccan delegates attend the policy discussion to promote economic, trade and investment cooperation between Vietnam and Morocco. (Photo: Doan Tan/VNA)
Sharing some key orientations for investment cooperation between Vietnam and Morocco in the coming time, National Assembly Chairman Tran Thanh Man suggested perfecting the bilateral legal framework. The two countries need to review and sign missing agreements, and promote public-private investment cooperation (PPP) in key sectors.
The National Assembly Chairman affirmed that Vietnam is ready to share models of building raw material areas, agricultural-aquatic supply chains, export processing centers and commodity trading floors suitable to Morocco's climate and social conditions.
At the same time, the two sides need to strengthen business connections. Business associations, such as the Vietnam Chamber of Commerce and Industry and Moroccan partners, need to promote trade programs, exhibitions and fairs so that businesses from both countries can seek specific cooperation opportunities.
Regarding multilateral cooperation in Africa, the National Assembly Chairman stated: "Morocco, with its strategic position and increasingly important role in Africa, can work with Vietnam to implement tripartite or quadrilateral cooperation projects, especially in the fields of agriculture and technology, with the participation of international donors. Vietnam's strengths are agriculture, textiles, footwear..."
National Assembly Chairman Tran Thanh Man with delegates. (Photo: Doan Tan/VNA)
Regarding the exchange of legislative experience, the National Assembly Chairman suggested that the Vietnamese National Assembly, the Moroccan Senate and the Moroccan House of Representatives regularly exchange information and create a favorable legal corridor for Moroccan businesses to invest in Vietnam, and for Vietnamese businesses to invest in Morocco.
At the seminar, representatives of Vietnamese ministries and sectors introduced Vietnam's investment environment; proposed solutions to promote trade and industrial cooperation between Vietnam and Morocco, and orientations to strengthen cooperation between the two countries in the agricultural sector.
Businesses from both sides also exchanged and shared investment opportunities in a number of fields.
At the meeting, the two sides exchanged a Memorandum of Understanding on promoting Vietnam-Morocco investment cooperation./.
(Vietnam News Agency/Vietnam+)
Source: https://www.vietnamplus.vn/chu-tich-quoc-hoi-tran-thanh-man-viet-nam-coi-trong-quan-he-hop-tac-voi-maroc-post1051896.vnp
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