At the event (Source: VNA)
HCM City (VNA) – Ho Chi Minh City wants to boost trade and investment connectivity with Iran, Chairman of the municipal People’s Committee Nguyen Thanh Phong told Chairman of the Chamber of Commerce, Industries, Mines and Agriculture of Iran Gholam Hossein Shafei during a reception in Hanoi on April 21.

Phong lauded the growing Vietnam – Iran ties via visits by the two countries’ State leaders and trade facilitation towards achieving a two-way trade of 2 billion USD in the coming years.

The city commits all possible support for foreign businesses, including those from Iran to seek effective and long-term business opportunities here, especially in fields of the city’s interest and Iran’s strengths such as industry, construction materials, and high-tech agriculture, he said.

Shafei, for his part, hailed Vietnam as an important destination for Iranian enterprises and the 2-billion-USD two-way trade goal as feasible.

He said intensifying economic-trade ties will bring practical economic benefits for each country when Vietnam serves as a gateway for Iran to access ASEAN market and Iran bridges Vietnam and the Middle East countries.

Expressing impression on Ho Chi Minh City’s vibrant development, he stressed that Iranian firms always consider the city as a major economic hub of Vietnam.

The Iranian government will encourage domestic firms to increase investment in Ho Chi Minh City, contributing to lifting Vietnam-Iran economic and trade ties to match their political-diplomatic relations. - VNA