Vietnam and the Philippines agreed to upgrade bilateral ties to an enhanced strategic partnership on June 1 during talks held between General Secretary of the Communist Party of Vietnam Central Committee and State President To Lam and Philippine President Ferdinand Romualdez Marcos Jr. in Manila.
The talks took place as part of the Vietnamese top leader's State visit to the Philippines.
At the talks, the two leaders agreed on major directions to create breakthroughs in economic cooperation, bringing tangible benefits to their populations and the development of each country.
They emphasised the goal of reaching a trade turnover of $10 billion as soon as possible, reducing trade barriers, diversifying exports toward potential products, opening markets for agricultural products, including fresh fruits, from both countries, and expanding cooperation into new areas such as the digital economy, green economy, blue economy, high-tech agriculture, and renewable energy.
They also agreed to intensify cooperation in agricultural, forestry, and fisheries trade.
On the occasion, the two leaders witnessed the exchange of cooperation agreements between the two sides.
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