Iran firms keen to invest in Vietnamese market

Hanoi (VNA) – Many Iranian firms in the industry and mining sectors are expressing interest in the Vietnamese market and wish to expand trade between the two nations.

During a recent State visit to Iran, a senior delegation led by President Truong Tan Sang held a meeting with local industrial and mining businesses.

Head of the Iranian business delegation, Mohsen Esmaeilzadeh, who is the President of Orhan Aras Trading and Development, spole of the potential as well as the capability of the host firms in the industry and mining sector.

Meanwhile, Head of the Tabriz province Chamber of Commerce, Industry, Mines and Agriculture Samad Hassanzadeh said the locality is willing to support trade relations as well as other economic links between the two nations.

The locality is willing to join construction, irrigation and traffic projects with Vietnam, Samad said, adding that it will ship its rugs and leather products to Vietnam.

The province also highlighted the potential for bilateral cooperation in education, health care and environmental services.

Hossein Ghannadi from the Pasargad Oil Company said with its annual output of 3.5 million tonnes of bitumen, it will establish a representative office in Vietnam.

Mohammad Reza Hajipour, Director of the Markazi provincial Department of Industries, Mines and Trade described the meeting as a historical milestone in the two nations’ trade relations, while introducing the province’s potential for petroleum, aluminium and chemical products.

Mirabolfazl Hassani, CEO and Director of many international industry and trade groups expressed his wish to support Vietnamese construction companies in terms of construction and material provision.

For his part, President Truong Tan Sang expressed his pleasure at the open and friendly exchange, where he reiterated that the two nations’ leaders shared the view of building fruitful economic and trade relations.

The President called on the host trade delegates to set up representative offices and branches in Hanoi and other Vietnamese localities to foster their investment, trade and industry connections with Vietnam.

He also suggested the host firms provide specific and accurate information for Vietnamese partners in terms of import taxation and fees, among other local regulations.

The President also suggested the possibility of establishing a direct flight route between the two nations to facilitate bilateral trade exchange.

The Head of the host business delegation pledged to connect the two nations’ Chambers of Commerce and Industry, adding that a representative office of the Iranian Chamber will be established in Vietnam.-VNA