Turkey and Vietnam look to double trade, deepen defense ties

Turkish Prime Minister Binali Yildirim, left, shakes hands with his Vietnamese counterpart Nguyen Xuan Phuc before the two headed for talks behind closed doors in Hanoi, Vietnam Wednesday, Aug. 23, 2017. Yildirim is on a two-day visit to the Southeast Asian country to boost trade and defense ties between the two countries. (AP Photo/Tran Van Minh)
Turkish Prime Minister Binali Yildirim, center right, talks to his Vietnamese counterpart Nguyen Xuan Phuc, center left, as they walk to a meeting in Hanoi, Vietnam Wednesday, Aug. 23, 2017. Yildirim is on a two-day visit to the Southeast Asian country to boost trade and defense ties between the two countries. (AP Photo/Tran Van Minh)
Turkish Prime Minister Binali Yildirim, center right, and his Vietnamese counterpart Nguyen Xuan Phuc, center left, review an honor guard in Hanoi, Vietnam Wednesday, Aug. 23, 2017. Yildirim is on a two-day visit to the Southeast Asian country to boost trade and defense ties between the two countries. (AP Photo/Tran Van Minh)

HANOI, Vietnam — Turkey's prime minister said Wednesday he wants to double trade volume with Vietnam to $4 billion in the next three years as his country seeks to boost cooperation with the Southeast Asian country.

Binali Yildirim was making his first visit to Vietnam as prime minister, accompanied by a large business delegation.

"I believe that our bilateral trade volume will reach $4 billion by 2020 and that's doable," Yildirim told reporters during a briefing with his Vietnamese counterpart Nguyen Xuan Phuc. The bilateral trade currently stands at $2 billion a year.

Phuc told reporters the two committed to creating favorable conditions for businesses from both countries to promote mutual trade and investment.

"There are special areas where our mutual cooperation can immediately be initiated, primarily the defense industry," Yildirim said during talks with Vietnam's prime minister.

Details on defense cooperation were not immediately disclosed, but Vietnam has in recent years sought to modernize its military with the purchase of six submarines and new jet fighters from Russia, its traditional weapons supplier, in the face of Chinese assertiveness in pressing Beijing's territorial claims in disputed South China Sea waters.

China claims most of the South China Sea, which is believed to sit on rich natural resources and occupies important international sea lanes.

The two prime ministers stressed that disputes should be resolved through peaceful means in line with international law.

You may also interested in

Cambodia paper is latest victim of intensifying...

Sep 4, 2017

After 24 years, the English-language Cambodia Daily is forced to close in escalating crackdown on...

Cambodian leader, angry with US, wants Peace...

Sep 15, 2017

Cambodia's leader has escalated his feud with the United States, calling for U.S. Peace Corps...

Cambodia's top court orders opposition party...

Nov 16, 2017

Cambodia's Supreme Court has ordered the country's main opposition party be dissolved, in one of...

Nest of endangered giant softshell turtle found...

Dec 19, 2017

Conservationists have found a nest of the endangered Asian giant softshell turtle on a Mekong River...

In Hanoi, Abe says Japan will provide Vietnam...

Jan 16, 2017

Japan will provide Vietnam new patrol vessels, Japanese Prime Minister Shinzo Abe said on the last...

People also read these

Rare crocodile eggs hatched at Cambodian...

Aug 15, 2017

Nine eggs of an endangered crocodile species found in the wild in June and taken to a conservation...

Cambodia paper is latest victim of intensifying...

Sep 4, 2017

After 24 years, the English-language Cambodia Daily is forced to close in escalating crackdown on...

Cambodian leader threatens opposition over...

Sep 11, 2017

Cambodian Prime Minister Hun Sen has threatened to dissolve the main opposition party if it gets...

Court ruling expected to dissolve main Cambodian...

Nov 16, 2017

Cambodia's opposition braced for a court ruling due expected to see the party dissolved in the...

Some blocked from attending Australia memorial in...

Aug 19, 2016

Vietnam lifted its sudden ban on veterans who had traveled to the country to mark the 50th...

Sign up now!

About Us

VNReporter is built to serve the people of Vietnam exclusive reports that best reflect the happenings and achievements in the country. With the rise in the popularity in online news, readers now demand to read quality news in a more modern and easy to read format.

Contact us: sales@vnreporter.com

Subscribe Now!