Signatories to the document were Deputy Minister of Finance Tran Xuan Ha and Israeli Ambassador to Vietnam Effie Ben Matityau. They both stressed the importance of the agreement in promoting economic and trade cooperation between the two countries.
Vietnam and Israel have signed an aviation transport deal and a protocol on finance under which Israel grants a long-term credit to Vietnam. They both expect to sign an agreement on maritime transport very soon.
Despite being separated by a great geographical distance, two-way trade between Vietnam and Israel increases each year. Vietnam mainly exports footwear, clothes and farm products to Israel, and imports hi-tech equipment, chemicals and fertilizers from this Middle East country.
Currently, Israel ranks 60th among 85 foreign investors in Vietnam.