Brunei–Vietnam relations

Brunei–Vietnam relations

Brunei
Vietnam

Brunei–Vietnam relations refers to bilateral foreign relations between the two countries, Brunei and Vietnam. Brunei has an embassy in Hanoi, and Vietnam has an embassy in Bandar Seri Begawan.[1] Relations between the two countries have always been friendly especially in political field.[2]

History

Relations between the two countries has been established since 29 February 1992.[1] In 1998, His Majesty Hassanal Bolkiah paid an official visit to Vietnam while in 2001, President Tran Duc Luong paid an official visit to Brunei.[2]

Economic relations

Several agreements such as agreement on aviation has been signed by both countries.[1][3] The two-way trade volume reached about U$1.5–2 million per year.[2] In 2005, the trade volume was U$4.5 million. By the end of June 2007, Brunei had 37 investment projects in Vietnam with a total capital of U$125.8 million, ranking 29th among 74 countries and territories investing in Vietnam.[2] While in 2012, Brunei now ranks 12th among 94 foreign investors in Vietnam with US$48.5 billion poured into 124 projects.[4] Brunei also annually grants Vietnamese in many scholarships for training in the fields of oil and gas and English course.[2]

Security relations

There is also co-operation between the two navies of both countries in maintaining peace, stability and maritime security in the region.[5]

Further reading

References

  1. 1 2 3 "Brunei-Vietnam Relations". Ministry of Foreign Affairs and Trade (Brunei). Retrieved 12 February 2014.
  2. 1 2 3 4 5 "VIETNAM – BRUNEI DARUSSALAM RELATIONS". Embassy of the Socialist Republic of Vietnam in Brunei Darussalam. Retrieved 12 February 2014.
  3. ↑ Frank Frost (1993). Vietnam's Foreign Relations: Dynamics of Change. Institute of Southeast Asian. pp. 63–. ISBN 978-981-3016-65-1.
  4. ↑ Fitri Shahminan (7 February 2012). "Vietnam foreign minister arrives in Sultanate". The Brunei Times. Retrieved 12 February 2014.
  5. ↑ "Hotline set up between navies of Vietnam and Brunei". Tuổi Trẻ. 12 July 2013. Retrieved 12 February 2014.
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