Financial protocol signed between Vietnam and Israel
Vietnam and Israel signed the Financial Protocol in Hanoi on August 14 with the aim of promoting business cooperation between enterprises of the two countries.
The information was released at a press conference entitled “Doing business under the financial protocol between Israel and Vietnam” held in Hanoi later the same day by the Israeli Embassy in Vietnam.
Under the protocol, the Israeli Government will provide a guaranteed credit loan worth US$150 million for Vietnam to help local small-and medium-sized enterprises and projects involved in technology transfer from Israel to Vietnam increase their business efficiency.
Speaking at the press briefing, Israeli Ambassador to Vietnam Effie Ben Matityau said, “The Financial Protocol is a milestone in the development of Vietnam-Israel economic relations. It will make a contribution to the transfer of technology and an important encouragement to joint-ventures between the two countries.”
According to Dr. Yaron Zelekha, Vice Minister, Accountant General of the state of Israel, the protocol will create a link among Vietnamese and Israeli enterprises, especially in the fields of agriculture, telecommunication and healthcare. Besides selling products in Vietnam, Israeli companies will share experience in technology application and know-how with Vietnamese partners, he noted.
Vietnam is the second country (just after China) enjoying such a preferential credit loan from the Israeli Government. (VOV)
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