At the meeting between State President Luong Cuong and President of the Council of Ministers of Peru Gustavo Adriazén. (Photo: VNA)

Congratulating Peru on assuming the role as the host of APEC 2024, the President of Vietnam said he believed the APEC Economic Leaders' Week will be a great success, further enhancing Peru's role, position, and reputation in both the region and the world.

He said the friendship and multifaceted cooperation between Vietnam and Peru has made impressive progress in recent years, particularly in trade and investment.

Peru is currently Vietnam's top investment partner and the sixth-largest trading partner in Latin America, while the latter is the former's biggest trading partner in ASEAN. However, he noted that there remains ample room to further expand bilateral cooperation.

Adriazén expressed his pleasure in welcoming the President and the high-ranking delegation of Vietnam on their official visit to Peru, which coincides with the 30th anniversary of the establishment of Vietnam-Peru diplomatic relations. He affirmed that the trip is of historical significance, serving as a driving force to further deepen the bilateral friendship and cooperation in the coming years.

He affirmed that Peru attaches importance to developing its friendship and comprehensive cooperation with Vietnam, and expressed his desire for the two countries to share best practices in national governance and the implementation of socio-economic development policies.

The host appreciated the investment activities of Vietnamese enterprises in Peru, especially the very successful telecommunications project by Vietnam's Viettel Military Industry and Telecoms Group (Viettel). He affirmed his support and commitment to facilitating Viettel's expansion into projects related to digital transformation, digital technology, smart cities, and cybersecurity, which will contribute to Peru's development, and bring long-term benefits to businesses and people of both countries.

The two leaders agreed the fact that both countries are members of the Asia-Pacific Economic Cooperation (APEC) forum and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) provides a solid foundation for strengthening trade and investment cooperation.

They agreed to further promote meetings and visits of senior leaders of Vietnam and Peru, as well as exchanges at various levels in the coming years; and committed to regularly and effectively implementing dialogue mechanisms on politics-diplomacy and economy-trade to make the bilateral cooperation increasingly practical and effective.