Dien proposed building mechanisms for information sharing between agencies of both sides on policies, technical standards and regulations applied to a number of import and export commodities to facilitate import and export.

He also called for stronger cooperation in high-tech equipment, biotechnology, agricultural product processing, food and other potential fields in which the two countries are strong, a news agency reported.

Vietnam encourages Israeli businesses to invest more in industrial production, biotechnology, information technology, new material technology, consumer goods and food industries, start-ups, vocational training, technology transfer and development of high technology, he said.

Israel is the third largest export market and the fifth largest trading partner of Vietnam in West Asia.

Vietnam’s exports to Israel to include garment and textiles.

Fibre2Fashion News Desk (DS)