| Danial Norjidi |
THE Ministry of Foreign Affairs and Trade of Brunei Darussalam and the Ministry of Industry and Trade of the Socialist Republic of Vietnam signed a Memorandum of Understanding (MoU) on Economic and Trade Cooperation yesterday.
Through the MoU, both sides resolved to promote greater bilateral cooperation on economic and trade-related matters.
The MoU was signed during the Brunei Darussalam-Vietnam Business Forum, which took place at The Empire Hotel & Country Club.
The signing ceremony was witnessed by Tran Dai Quang, President of the Socialist Republic of Vietnam.
Signing on behalf of the Ministry of Foreign Affairs and Trade was Pehin Orang Kaya Pekerma Dewa Dato Seri Setia Lim Jock Seng, Minister at the Prime Minister’s Office and Minister of Foreign Affairs and Trade II, while Tran Tuan Anh, Vietnam’s Minister of Industry and Trade signed on behalf of the Ministry of Industry and Trade of Vietnam.
The signing of the Memorandum of Understanding between Ministry of Foreign Affairs and Trade of Brunei Darussalam and the Ministry of Industry and Trade of the Socialist Republic of Vietnam by Pehin Orang Kaya Pekerma Dewa Dato Seri Setia Lim Jock Seng, Minister at the Prime Minister’s Office and Minister of Foreign Affairs and Trade II and Tran Tuan Anh, Vietnam’s Minister of Industry and Trade, being witnessed by Tran Dai Quang, President of the Socialist Republic of Vietnam. Also seen in the photo are Pehin Orang Kaya Indera Pahlawan Dato Seri Setia Awang Haji Suyoi bin Haji Osman, Minister of Education; and Pehin Datu Singamanteri Colonel (Rtd) Dato Seri Setia (Dr) Awang Haji Mohammad Yasmin bin Haji Umar, Minister of Energy and Industry at the Prime Minister’s Office. – DEAN KASSIM
The MoU will further enhance efforts carried out under the existing Trade Agreement between the Governments of Brunei and Vietnam, which was signed on November 12, 2001.
In his presentation at the forum yesterday, Vietnam’s Minister of Industry and Trade spoke on the MoU, saying that it “will create a legal framework for the promotion of our industrial and trade cooperation, towards more liberalisation and facilitation of trade between the two sides, take advantage of regional and multilateralism cooperation to create conditions for our businesses to facilitate access into the potential market of each other.”
Pehin Datu Singamanteri Colonel (Rtd) Dato Seri Setia (Dr) Awang Haji Mohammad Yasmin bin Haji Umar, the Minister of Energy and Industry at the Prime Minister’s Office delivered a presentation at yesterday’s forum, and spoke to the Bulletin on the sidelines of the event.
Speaking to the Bulletin on the sidelines of the event, the Minister highlighted that the MoU allows both Brunei and Vietnam to benefit from “a win-win situation”.
“A lot of it will be facilitation of trade between the two countries. It will make it easier to do business for both countries,” the minister explained, adding that it will help to harmonise the two countries’ standards.
The signing of the MoU was held in conjunction with the state visit of President Tran Dai Quang of Vietnam to Brunei Darussalam.
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