Venezuela and Malaysia Seek Insights from Vietnam’s Economic Development at BRICS Summit

At the expanded BRICS Summit in Kazan, Russia, Venezuelan President Nicolas Maduro and Malaysian Economy Minister Rafizi Ramli signaled their interest in Learning from Vietnam’s development. PM Pham Minh Chinh emphasized collaborative efforts to enhance economic ties with both nations while addressing Cuba’s challenges. The discussions indicate a significant focus on establishing deeper economic, trade, and investment partnerships among these countries.

During the expanded BRICS Summit held in Kazan, Russia, Venezuelan President Nicolas Maduro and Malaysian Economy Minister Rafizi Ramli expressed their keen interest in acquiring insights from Vietnam’s impressive growth trajectory. In his discussions with President Maduro, Vietnamese Prime Minister Pham Minh Chinh emphasized the significance of Vietnam’s enduring friendship and comprehensive partnership with Venezuela, articulating hopes for enhanced economic, trade, and investment collaboration that would benefit both nations. President Maduro commended Vietnam for its remarkable socio-economic progress over the past decade, expressing eagerness to glean lessons from the nation’s growth approach. The two leaders agreed to convene an Intergovernmental Committee session to further strengthen economic ties and implement existing agreements, particularly in agriculture, oil, and telecommunications, while actively seeking new avenues for cooperation. Additionally, President Maduro extended an invitation for Vietnamese officials to visit Venezuela, while PM Chinh reciprocated with an invitation for President Maduro to visit Vietnam soon. In separate discussions, Malaysian Minister of Economy Rafizi Ramli lauded Vietnam’s rapid economic advancement in the last decade, noting the necessity to fortify cooperation in emerging sectors such as energy transition, electronics manufacturing, and participation in production and supply chains. He proposed an expansion of Malaysian investments in high-tech and value-added industries and expressed a desire to learn from Vietnam’s innovative strategies. PM Chinh conveyed his regards to Malaysian Prime Minister Anwar Ibrahim and emphasized Vietnam’s commitment to supporting Malaysia’s role as ASEAN Chair in 2025. Additionally, PM Chinh met with Cuban Foreign Minister Bruno Rodriguez Parrilla during the summit, acknowledging the hardships faced by Cuba amid severe power outages from recent storms. He reassured Cuba of Vietnam’s readiness to assist in overcoming these challenges and highlighted the importance of continued collaboration to quickly realize the agreements made during the recent visit of Vietnamese Party General Secretary To Lam to Cuba. Minister Parrilla expressed gratitude for Vietnam’s support and emphasized his ministry’s commitment to enhancing trade and agricultural cooperation with Vietnam to ensure food security.

The expanded BRICS Summit in Kazan, Russia, served as a significant platform where leaders from various nations, including Venezuela, Malaysia, and Cuba, sought to strengthen their diplomatic and economic relations with Vietnam. Notably, the interest from President Maduro and Minister Ramli in Vietnam’s development strategies highlights the growing recognition of Vietnam as a model for economic success in emerging markets. The interactions also reflect broader trends of strengthening multilateral partnerships to foster economic growth, share knowledge, and enhance regional cooperation.

In summary, the meetings held during the expanded BRICS Summit underscore the increasing interest from Venezuela and Malaysia in Vietnam’s development experiences. Both countries aim to deepen their economic ties and enhance collaboration across various sectors, reflecting a broader strategy towards mutual growth and development. Furthermore, Vietnam’s commitment to supporting its partnerships, as seen with Cuba, reinforces its role as a proactive participant in international diplomacy and regional stability.

Original Source: tuoitrenews.vn

About Liam Nguyen

Liam Nguyen is an insightful tech journalist with over ten years of experience exploring the intersection of technology and society. A graduate of MIT, Liam's articles offer critical perspectives on innovation and its implications for everyday life. He has contributed to leading tech magazines and online platforms, making him a respected name in the industry.

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