Spain will work with Vietnam to upgrade bilateral ties to comprehensive strategic partnership in the coming time, according to Prime Minister Pedro Sánchez, who is on an official visit to Vietnam between April 8-10.

Prime Minister Sánchez made the above statement at a press conference held after his talks with Vietnamese counterpart Pham Minh Chinh in Ha Noi on April 9.

During the talks, the two PMs agreed on measures to continue boosting the bilateral relations, including implementing effectively existing bilateral cooperation mechanisms, and consider the possibility to set up new sectorial cooperation frameworks.

They agreed to effectively implement the EU-Vietnam Free Trade Agreement (EVFTA) and their freshly signed bilateral financial cooperation protocol.

They agreed to promote cooperation in science and technology and innovation.

Both leaders underscored the pivotal role of economic, trade, and investment cooperation as a key pillar of the two countries’ strategic partnership.

The two-way trade between Vietnam and Spain recorded an annual average growth of 9% in the 2019-2024 period. Last year, the two-way trade revenue reached a record high of $4.72 billion.