National Assembly Chairman Tran Thanh Man, National Assembly Vice President Hakob Arshakyan, National Assembly Vice Chairman Tran Quang Phuong and Deputy Prime Minister Tran Hong Ha join the discussion. Photo: L.Giang/daibieunhandan.vn

At a joint business roundtable in Yerevan on Wednesday, Chairman Man, who was on an official visit to Armenia, said both Vietnam and Armenia have open economies where exports play a crucial role and are well adapted to international trade principles. Vietnam has participated in the Free Trade Agreement between Vietnam and the Eurasian Economic Union (EAEU), which includes Armenia.

To maximize the potential for cooperation, Mr. Man outlined several specific directions for businesses from both countries, including cooperation in software development, artificial intelligence, and technology solutions for education, healthcare, and smart urban management.

“Ministries, sectors and associations promote their role as bridges to boost exchanges and cooperation based on the principle of “mutual benefit and mutual success”. Efforts should be made to help businesses to cooperate deeply and comprehensively, improve competitiveness, jointly exploit each other’s and regional markets, and participate deeply in regional and global value chains and production.”

The top legislator expressed his hope that businesses of both sides would research and invest in solar energy, wind power and small hydropower projects, taking advantage of Armenia's advanced technology and Vietnam's abundant resources.

The National Assembly and the Government of Vietnam are committed to creating all favorable conditions according to the law for Armenian businesses to cooperate in successful, sustainable and long-term investment and business in Vietnam, he said.

Earlier on Wednesday, National Assembly Chairman Tran Thanh Man visited the National History Museum of Armenia.