Vietnam and Venezuela hold huge potential to expand their trade and investment collaboration, experts said at an international forum held by the Vietnam Institute of Americas Studies (VIAS) under the Vietnam Academy of Social Sciences in Hanoi on August 29.

A delegation of the Communist Party of Vietnam (CPV) led by Vice Chairman of the CPV Central Committee’s Commission for Mass Mobilisation Nguyen Lam is paying a working visit to Venezuela from July 19 to 23.

Venezuelan President Nicolás Maduro Moros affirmed his country’s determination to further strengthen the friendship and multifaceted cooperation with Vietnam while receiving Vietnamese Ambassador Vu Trung My, who came to present his credentials, in Caracas on May 2.