His Majesty Sultan Haji Hassanal Bolkiah Mu'izzaddin Waddaulah ibni Al-Marhum Sultan Haji Omar 'Ali Saifuddien Sa'adul Khairi Waddien, Sultan and Yang Di-Pertuan of Brunei Darussalam and Tran Dai Quang, President of the Socialist Republic of Vietnam issued a joint statement yesterday, highlighting the importance of further enhancing bilateral cooperation in a number of fields.

The Vietnam President is currently in Brunei on a state visit, at the invitation of His Majesty. This is the third state visit to Brunei Darussalam by a head of state of the Socialist Republic of Vietnam.

In the joint statement, both leaders exchanged views on bilateral relations as well as on regional and international issues of common interest in a warm and cordial atmosphere.

Both leaders expressed pleasure on the good progress in strengthening bilateral cooperation since the establishment of diplomatic relations on February 29, 1992; recognised the significance of the president's visit in reaffirming the close friendship enjoyed between the two countries and people; and reiterated the spirit of the Joint Statement in 2012.

The leaders also look forward to commemorate the 25th anniversary of diplomatic relations in 2017 with activities to deepen mutual understanding and people-to-people linkages.

His Majesty congratulated the Vietnamese people on their achievements through the socioeconomic development plans as envisioned in the 'Doi Moi' policy.

The monarch expressed confidence that under Tran Dai Quang's leadership, Vietnam will achieve its target to become an industrialised country by 2020.

The Vietnam President also commended the efforts undertaken by His Majesty's government in implementing various strategic plans towards achieving the goals of Brunei Vision 2035, which aims to make Brunei Darussalam widely recognised for the achievements of its educated and highly skilled people, high quality of life and a dynamic and sustainable economy.

Both leaders welcomed the increased interactions at all levels and agreed to strengthen the existing bilateral consultative mechanisms. In this regard, both leaders agreed to the early convening of the Joint Commission Meeting (JCM) to further deepen and expand cooperation between both countries.

The leaders also acknowledged the common aspirations of pursuing economic diversification, recognised the role of the private sector in enhancing competitiveness and agreed to continue mutual sharing of best practices to identify potential areas of cooperation.

They underscored the importance in further enhancing bilateral cooperation in trade and investment, particularly in energy, 'agriculture and fisheries, education, labour, air services, people-to-people exchanges and defence. Both sides also looked forward to explore cooperation in the areas of transnational crimes, extradition and transfer of sentenced persons.

The leaders also reiterated their commitment to deepen economic relations between Brunei Darussalam and Vietnam with the objective of reaching a bilateral trade target of US$500 million by the year 2025 and facilitate greater business and investment opportunities between the two countries.

"Hence, both sides welcomed the signing of the memorandum of understanding (MoU) on Economic and Trade Cooperation between the Ministry of Foreign Affairs and Trade of Brunei Darussalam and the Ministry of Industry and Trade of Vietnam in supporting efforts to achieve the bilateral trade target," reads the joint statement.

"Both sides are confident that the MoU would also further the objectives of the trade agreement between the Government of the Socialist Republic of Vietnam and the Government of His Majesty signed on November 12, 2001."

The leaders also noted the importance of promoting energy tie-ups and expressed satisfaction with the energy cooperation between Brunei National Petroleum Company Sdn Bhd (PetroleumBRUNEI) and Vietnam Oil and Gas Group (PetroVietnam) and welcomed the recent completion of the Maharaja Lela South platform.

They noted the progress made in implementing the MoU on Cooperation in Agriculture and Fisheries signed in May 2013.

His Majesty expressed appreciation for the exchanges of expertise on rice production as well as other crops and agreed to consider extension of the exchanges.

Both leaders also agreed to enhance economic and development cooperation in fisheries sector, and the importance of fostering exchanges and mutual understanding between the two countries.

They also welcomed cooperation in labour and looked forward to negotiations on the MoU on Labour Cooperation.

The joint statement also shared that the leaders recognised the important role of people-to-people exchanges and welcomed the signings of the MoU on Education Cooperation in April 2014 and the MoU between Universiti Brunei Darussalam (UBD) and FPT University, Vietnam in July 2013. Brunei Darussalam expressed appreciation for Vietnam's continued participation in the Brunei-US English Language Enrichment Programme for Asean.

Both leaders highly appreciated connectivity between the two countries and welcomed the resumption of direct flights between Bandar Seri Begawan and Ho Chi Minh City in October 2014, especially in further promoting closer ties between the people of Brunei Darussalam and Vietnam. Both sides also looked forward to the signing of the Agreement on Maritime Transport.

Both leaders welcomed the signing of the MoU on Cultural Cooperation and expressed hope that this will positively contribute to deeper understanding and appreciation of both countries' heritage and culture.

The leaders also expressed satisfaction with the progress made in defence under the MoU between Royal Brunei Navy and Vietnam People's Navy on Bilateral Cooperation signed in December 2013. His Majesty expressed appreciation on Vietnam's continued support of Brunei International Tattoo, and Brunei International Skill-at-Arms Meet (BISAM).

On the regional level, His Majesty expressed appreciation on Vietnam's participation in the Asean Defence Ministers' Meeting (ADMM)-Plus Maritime Security and Counter-Terrorism Exercise held from May 2-12, 2016 in Bandar Seri Begawan and Singapore. Both sides agreed to strengthen cooperation between their armed forces, particularly of the navy and training for the respective military personnel.

The Vietnam President acknowledged Brunei Darussalam's role as an active player in regional affairs and expressed appreciation for His Majesty's longstanding leadership and valuable contributions to Asean.

Both leaders reaffirmed their commitment to upholding peace, stability and prosperity in the region, including advancing Asean Community building efforts through the full and effective implementation of the Asean Community Vision 2025. To these ends, both sides emphasised the importance of peaceful resolution of disputes in the region.

Both leaders agreed to implement fully and effectively the Declaration of Conduct of Parties in the South China Sea (DOC) and work closely together towards the early conclusion of the Code of Conduct (COC). Both sides also reaffirmed the importance of Asean's central role in the regional security architecture.

Both sides reiterated their commitment to continue enhancing consultations on areas of common interest in other regional and international for a such as the Asia-Pacific Economic Cooperation (APEC), Asia-Europe Meeting (ASEM), United Nations (UN) and World Trade Organization (WTO).

Both leaders welcomed the strengthening of economic ties in the region, particularly through the signing of the Trans-Pacific Partnership (TPP) Agreement on February 4, 2016 and looked forward to the ratification of the TPP by all parties.

It is shared in the joint statement that His Majesty expressed Brunei Darussalam's full support for Vietnam's chairmanship of APEC in 2017 and wished the government and the people the very best in their preparations.

Tran Dai Quang expressed appreciation for the warm welcome and kind hospitality accorded to him and his delegation and looked forward to welcoming His Majesty and members of the royal family to visit Vietnam in the near future, the joint statement concludes.

Source:
@BRUDIRECT.COM

by BruDirect.com

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