Hanoi, the capital of Vietnam, hosted the Vietnam-Azerbaijan Business Forum and the First Meeting of the Vietnam-Azerbaijan Business Council.
The events were held on the sidelines of the 3rd meeting of the Azerbaijan-Vietnam Intergovernmental Commission.
Opening speeches were delivered by Nguyễn Hoàng Long, Vietnam’s Deputy Minister of Industry and Trade, and Parviz Shahbazov, Azerbaijan’s Minister of Energy.
Nguyễn Hoàng Long described Azerbaijan as Vietnam’s first strategic partner in the Caucasus, emphasizing the strong potential for political trust and broad-based cooperation between the two countries.
Minister Parviz Shahbazov highlighted the more than half-century-long history of Azerbaijan-Vietnam friendship and noted that the Joint Declaration on the establishment of a strategic partnership – adopted during General Secretary To Lam’s recent visit to Azerbaijan – provides a solid foundation for expanding economic collaboration.
The Azerbaijani Energy Minister invited entrepreneurs to exchange information on the investment climates of both countries, including opportunities in economic zones, industrial parks, high technologies, agriculture, hydrocarbons, and renewable energy. He also encouraged the organization of mutual business missions, the creation of joint ventures, and investment in concrete projects.
The forum featured the signing of several documents, including a Memorandum of Understanding on renewable energy cooperation between the Azerbaijan Renewable Energy Agency under the Ministry of Energy and Vietnam’s ROX Group JSC. The events continued with B2B meetings and panel discussions.
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The Vietnam-Azerbaijan Business Forum and the First Meeting of the Vietnam-Azerbaijan Business Council have commenced in Hanoi, the capital of Vietnam.
The events, held on the sidelines of the 3rd meeting of the Azerbaijan-Vietnam Intergovernmental Commission, bring together government officials from both countries and business representatives from various sectors.
The opening ceremony is attended by Co-Chairman of the Intergovernmental Commission from the Azerbaijani side, Minister of Energy Parviz Shahbazov; First Deputy Minister of Economy Elnur Aliyev; Deputy Minister of Industry and Trade of Vietnam Nguyễn Hoàng Long; Chairman of the Board of the Small and Medium Business Development Agency of Azerbaijan (KOBIA) Orkhan Mammadov; and other officials.
The program includes panel discussions, company presentations, bilateral meetings between businesspeople, and the signing of cooperation documents.
The Azerbaijan-Vietnam Business Council was established in line with the Memorandum of Understanding signed between Azerbaijan’s Small and Medium Business Development Agency (KOBIA) and the Vietnam National Association of Entrepreneurship (VINEN) during the visit of To Lam, General Secretary of the Central Committee of the Communist Party of the Socialist Republic of Vietnam, to Azerbaijan in May.