At the expanded BRICS Summit in Kazan, Venezuelan President Nicolas Maduro and Malaysian Minister of Economy Rafizi Ramli sought to learn from Vietnam’s economic development experiences. PM Pham Minh Chinh emphasized strengthening ties with both nations, focusing on trade and cooperation in diverse sectors. The discussions highlighted plans for collaborative efforts to enhance economic growth.
During the expanded BRICS Summit held in Kazan, Russia, Venezuelan President Nicolas Maduro and Malaysian Economy Minister Rafizi Ramli expressed their aspirations to gain insights from Vietnam’s economic development. Prime Minister Pham Minh Chinh, who met with both leaders, emphasized Vietnam’s commitment to enhancing the long-standing friendship and partnership with Venezuela. During his discussion with President Maduro, PM Chinh highlighted the potential for strengthening economic, trade, and investment connections between the two nations. Maduro acknowledged Vietnam’s impressive socio-economic progress over the last decade and conveyed his desire to implement elements of Vietnam’s growth strategy in Venezuela. The leaders agreed on a session of the Intergovernmental Committee to bolster cooperation across various sectors, particularly agriculture, oil, and telecommunications, while also identifying new collaborative opportunities. In a separate meeting, Malaysian Economy Minister Rafizi Ramli commended Vietnam’s rapid economic advancement over the past decade and advocated for deeper integration of Vietnam-Malaysia cooperation in fields such as energy transition, electronics manufacturing, and production supply chains. Ramli proposed an expansion of Malaysian investments in high-tech and value-added industries and expressed interest in learning from Vietnam’s creative industry development strategies. PM Chinh invited Minister Ramli to convey his greetings to Malaysian Prime Minister Anwar Ibrahim, confirming Vietnam’s support for Malaysia’s upcoming chairmanship of ASEAN in 2025. Additionally, PM Chinh held a discussion with Cuban Foreign Minister Bruno Rodriguez Parrilla at the summit, offering Vietnam’s support to Cuba as it confronts challenges stemming from recent storms. Both leaders recognized the necessity of continuous cooperation across diverse sectors to implement previously signed agreements effectively, particularly in trade and agriculture to ensure food security.
Venezuela and Malaysia’s interest in Vietnam’s development represents a broader trend among countries seeking to learn from successful economic models. Vietnam has undergone significant transformation over the past few decades, transitioning from a centrally planned economy to a socialist-oriented market economy. This development has led to remarkable socio-economic achievements, making Vietnam a potential case study for other nations aiming to enhance their economic performance. The emphasis on bilateral cooperation during the BRICS Summit underscores the importance of international collaboration and knowledge-sharing in fostering economic growth.
In conclusion, Venezuelan President Nicolas Maduro and Malaysian Economy Minister Rafizi Ramli’s engagements with Vietnamese Prime Minister Pham Minh Chinh during the BRICS Summit signify a concerted effort to learn from Vietnam’s successful economic trajectory. The planned cooperation in various sectors, including agriculture and technology, reflects a shared commitment to leveraging each country’s strengths for mutual benefit and enhancing regional partnerships.
Original Source: tuoitrenews.vn
