Vietnam 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 Vietnam from January 6-10 for the negotiation.
The agreement aims to ensure the safety of Israeli enterprises' business and investment in Vietnam and vice versa, and is expected to foster Vietnam-Israel investment.
Israel had, by the end of last year, carried out seven projects in Vietnam, capitalised at nearly US $8.7 million.
In regard to economic co-operation between Vietnam 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-Vietnam Double Taxation Avoidance agreement.
The department said Vietnam and Israel have signed a financial protocol and a bilateral economic-commercial agreement. (VNA)
Wednesday, February 18, 2009
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