The Philippines and Vietnam agreed to enhance their trade cooperation in the coming years, Vietnamese Prime Minister Nguyen Tan Dung said on Wednesday.
In a joint press statement after holding a bilateral meeting with President Benigno S. Aquino III, Prime Minister Nguyen Tan Dung said they agreed to continue strengthening cooperation to achieve the target of $3 billion in two-way trade by 2016.
Also agreed were the facilitation of businesses for both sides and the exploration of business and investment opportunities, increase connectivity between the two economies, and ensure food security.
The Vietnamese leader said both countries wished to cooperate in finance banking and services, and at the same time, encourage cooperation in culture, education, healthcare, science and technology, and tourism.
The two countries also agreed to further advance and deepen relations, and elevate comprehensive growth, bilateral relations to a higher level.
Both countries agreed to establish a working commission headed by the two foreign ministries to establish a roadmap towards strategic partnership between Vietnam and the Philippines. This thrust is aimed at enhancing regional peace, stability, cooperation, and development, Prime Minister Nguyen Tan Dung said.
"The roadmap for bilateral strategic partnership will be submitted to the high-level leaders of the two countries for adoption," he said.
In addition to bilateral cooperation, Prime Minister Nguyen Tan Dung also said he discussed with President Aquino regional and international issues.
Both sides agreed to coordinate closely with each other, as well as with other Association of Southeast Asian Nations (ASEAN) countries, to successively build a united and strong ASEAN community by 2015, he said.
The two countries will also continue collaboration and mutual support on regional and international forums, he said. (PND)