At the event (Photo: VNA) Hanoi (VNA) – The Vietnamese Embassy in Bangladesh and theBangladesh-Vietnam Chamber of Commerce and Industry recently co-organised atrade promotion seminar in Chittagong city.
The seminar aimed to promotebilateral trade by seeking measures to remove difficulties for businesses ofboth nations.
Speaking at the event, VietnameseAmbassador Tran Van Khoa pointed out a couple of key barriers hinderingbilateral trade growth.
Firstly, the two countries’exports currently rely on several commodities, such as Vietnam’s clinker,cement and rice and Bangladesh’s pharmaceutical products, meaning that two-waytrade remains low and unstable.
Secondly, Vietnamese enterprisesare facing many difficulties in shipping goods to Chittagong port – the largestof its kind in Bangladesh, where up to 90 percent of import-export activitiesin the country occur.
Limitations in goods loading andunloading, as well as in port infrastructure have led to congestions at theport, causing losses for Vietnamese businesses, Khoa said.
To solve these difficulties, thediplomat advised the two countries’ enterprises to intensify informationsharing, step up product promotion via trade fairs and exhibitions, thushelping diversify export products.
He requested that the ChittagongChamber of Commerce and Industry (CCCI) provide more support for Vietnamesebusinesses, especially in speeding up customs clearance at the port to minimisecosts. This would help consolidate the Vietnamese side’s confidence when workingwith Bangladeshi partners, Khoa noted.
CCCI Chairman Mahbubul Alamcalled on Vietnamese enterprises to increase investment and set up jointventures with Bangladeshi partners in the fields of information technology,telecommunications, and agricultural and seafood processing.
He affirmed the CCCI’scommitments to creating the most favourable conditions for Vietnamese firms whowant to do business and make investment in Chittagong.
At the seminar, Bangladeshienterprises showed their interest in expanding cooperation with Vietnamesepartners, especially in aquaculture, food processing, building materialproduction, and in establishing joint venture projects in informationtechnology, telecommunications, and electronic spare parts.
Two-way trade enjoyed ayear-on-year rise of 57 percent to reach 924 million USD in 2017, of which 869million USD came from Vietnam’s exports. The number of Vietnamese enterprisesexporting goods to Bangladesh in 2017 increase by 7.4 percent year-on-year.Vietnam ships clinker, cement, rice, fibre, mobile phones, and components toBangladesh, while importing pharmaceutical products, seafood, and tobaccomaterials from the country.–VNA
The seminar aimed to promotebilateral trade by seeking measures to remove difficulties for businesses ofboth nations.
Speaking at the event, VietnameseAmbassador Tran Van Khoa pointed out a couple of key barriers hinderingbilateral trade growth.
Firstly, the two countries’exports currently rely on several commodities, such as Vietnam’s clinker,cement and rice and Bangladesh’s pharmaceutical products, meaning that two-waytrade remains low and unstable.
Secondly, Vietnamese enterprisesare facing many difficulties in shipping goods to Chittagong port – the largestof its kind in Bangladesh, where up to 90 percent of import-export activitiesin the country occur.
Limitations in goods loading andunloading, as well as in port infrastructure have led to congestions at theport, causing losses for Vietnamese businesses, Khoa said.
To solve these difficulties, thediplomat advised the two countries’ enterprises to intensify informationsharing, step up product promotion via trade fairs and exhibitions, thushelping diversify export products.
He requested that the ChittagongChamber of Commerce and Industry (CCCI) provide more support for Vietnamesebusinesses, especially in speeding up customs clearance at the port to minimisecosts. This would help consolidate the Vietnamese side’s confidence when workingwith Bangladeshi partners, Khoa noted.
CCCI Chairman Mahbubul Alamcalled on Vietnamese enterprises to increase investment and set up jointventures with Bangladeshi partners in the fields of information technology,telecommunications, and agricultural and seafood processing.
He affirmed the CCCI’scommitments to creating the most favourable conditions for Vietnamese firms whowant to do business and make investment in Chittagong.
At the seminar, Bangladeshienterprises showed their interest in expanding cooperation with Vietnamesepartners, especially in aquaculture, food processing, building materialproduction, and in establishing joint venture projects in informationtechnology, telecommunications, and electronic spare parts.
Two-way trade enjoyed ayear-on-year rise of 57 percent to reach 924 million USD in 2017, of which 869million USD came from Vietnam’s exports. The number of Vietnamese enterprisesexporting goods to Bangladesh in 2017 increase by 7.4 percent year-on-year.Vietnam ships clinker, cement, rice, fibre, mobile phones, and components toBangladesh, while importing pharmaceutical products, seafood, and tobaccomaterials from the country.–VNA
VNA
