National Assembly Chairman hosts Ambassadors of Cuba, Russia

National Assembly Chairman Vuong Dinh Hue hosted receptions for the new ambassadors of Cuba and Russia in Hanoi on August 4.

August 05, 2022 | 08:10

National Assembly Chairman Vuong Dinh Hue (R) welcomes Cuban Ambassador Orlando Nicolas Hernandez Guillen (Photo: VNA).

National Assembly Chairman Vuong Dinh Hue hosted receptions for the new ambassadors of Cuba and Russia in Hanoi on August 4.

The top legislator welcomed the two new ambassadors and expressed his belief that the diplomats, with their warm sentiments for Vietnam and their rich diplomatic experience, will help further promote the relationship between their respective countries and Vietnam.

He affirmed to the Cuban Ambassador, Orlando Nicolas Hernandez Guillen, that Vietnam attaches special importance to the special traditional relationship with Cuba. He stressed that the two countries should continue to bolster result-oriented cooperation in economy, trade and investment, and step by step elevate the cooperative ties to match their close political relationship.

NA Chairman Hue pledged that the Vietnamese legislative body will continue to promote the traditional friendship and special cooperation between the two countries as well as the collaboration between the two parliaments.

Vietnam and Cuba established diplomatic ties on Dec. 2, 1960. Cuba was the first nation to form a Committee for Solidarity with South Vietnam, the first country in Latin America to have established diplomatic ties with Vietnam, and also the first in the Western hemisphere to receive Vietnamese students.

Also, Viet Nam is the second-largest foreign investor in the Mariel Special Development Zone and also Cuba's second-largest trading partner in Asia, only after China.

The “Preserving historical memories” mentioned in the Viet Nam-Cuba Joint Statement also stressed that the special bilateral relations have been nurtured by Presidents Ho Chi Minh and Fidel Castro, and generations of the two countries’ leaders.

National Assembly Chairman Vuong Dinh Hue welcomes Russian Ambassador Gennady Bezdetko (Photo: VNA).

At the reception for Russian Ambassador Gennady Bezdetko, the NA Chairman emphasized that the Vietnamese people always bear in mind and treasure the precious support that the former Soviet Union and Russia now has given to Vietnam’s struggle for national liberation and reunification in the past and national construction and defence at present.

He affirmed that Vietnam wants to further strengthen cooperation with Russia in all fields for peace, stability, cooperation and development in the region and the world.

Both the NA Chairman and the Russian ambassador pledged to do their best to promote close coordination between the two countries’ parliaments, thus contributing to the Vietnam - Russia comprehensive strategic partnership.

The free trade agreement (FTA) between Vietnam and the Eurasian Economic Union (including Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan) was signed in May 2015 and took effect in October 2016. This is the first FTA of EAEU, which brings many export opportunities to Vietnamese businesses.

Since 2021, Vietnam and Russia have been exploring more solutions to recover their investment and trade relationship. For instance, Vietnam and the Russian Direct Investment Fund are seeking to increase investment cooperation, including in the fund’s scheme to promote and support direct investment between the two countries, and also with other nations.

Such investment is aimed to take advantage of benefits from the FTA. The fund is Russia’s US$10 billion sovereign wealth fund that was established in 2011 by the Russian government to make investments in leading companies of high-growth sectors of the Russian economy.

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