Viet Nam, Israel seek mutual investment protection
09/01/2008 -- 11:49 AM
Ha Noi (VNA) – Viet Nam and Israel have conducted the first round of negotiations on an investment protection agreement between the two countries, according to the Ministry of Planning and Investment.
A delegation from the Israeli ministries of Finance and Foreign Affairs has been visiting Viet Nam from January 6-10 for the negotiation.
The agreement aims to ensure the safety of Israeli enterprises’ business and investment in Viet Nam and vice versa, and is expected to foster Viet Nam-Israel investment.
Israel had, by the end of last year, carried out seven projects in Viet Nam , capitalised at nearly 8.7 million USD.
In regard to economic cooperation between Viet Nam and Israel , the deputy head of the Vietnamese Taxation Department, Le Hong Hai, will lead a Vietnamese delegation to visit Israel in mid-January to negotiate the second round of the Israel-Viet Nam Double Taxation Avoidance agreement.
The department said Viet Nam and Israel have signed a financial protocol and a bilateral economic-commercial agreement.-Enditem
(VNAgency)
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