Vietnam, Iran boast potential to boost economic, trade ties: forum

The Vietnamese and Iranian economies are reciprocal, and the two countries have a lot of potential to advance their economic and trade cooperation, making it match the good bilateral political and diplomatic relations, heard a forum on August 9.
Vietnam, Iran boast potential to boost economic, trade ties: forum ảnh 1NA Chairman Vuong Dinh Hue speaks at the forum. (Photo: VNA)
Tehran (VNA) – The Vietnamese and Iranian economies are reciprocal, and the two countries have a lot of potential to advance theireconomic and trade cooperation, making it match the good bilateral politicaland diplomatic relations, heard a forum on August 9.

The forum on policies and laws to promote economic,trade and investment ties between Vietnam and Iran was jointly held by theVietnamese Ministry of Industry and Trade, the Vietnamese Embassy in Iran, and theIran Chamber of Commerce, Industries, Mines and Agriculture, as part of NationalAssembly (NA) Chairman Vuong Dinh Hue’s ongoing official visit to Iran.

In his remarks, Hue said bilateral tradeand investment activities between the two countries have been developing fruitfully and will be on par with their political and diplomatic ties.

He highlighted good sentiments and mutual respectbetween Vietnam and Iran, their multi-faceted cooperation, and collaborationand mutual support at multilateral forums.

The top legislator used this occasion to brief theparticipants on achievements Vietnam has recorded in reform and internationalintegration over the past 37 years, with its gross domestic product (GDP)reaching 410 billion USD last year.

Vietnam is striving to reach a GDP growth rate of 6.5% this year, and keep inflation at around 4.5%, he added.

The country is working towards strategic breakthroughsin terms of economic institutions, workforce quality, science-technology,education-training, and infrastructure, especially transport infrastructure,the leader continued.
Vietnam, Iran boast potential to boost economic, trade ties: forum ảnh 2NA Chairman Vuong Dinh Hue shakes hands with delegates to the forum. (Photo: VNA)
According tothe NA Chairman, Vietnam’s export revenue was valued at 735 billion USD lastyear, becoming one of the 20 countries with the highest trade value inthe world.

Vietnam has also been named among the world's top 20host economies for foreign direct investment (FDI) by the United Nations (UN) withan inflow of 450 billion USD poured into 37,000 projects, Hue went on.  

The leader suggested Vietnam and Iran remove obstaclesto raise their bilateral trade in the near future and continue perfecting legalframeworks to facilitate the operations of their businesses and investors.

He urged working groups for trade exchange and paymentto step up their operations, emphasising that the two countries have signed manyagreements on double taxation avoidance, judicial assistance and customs, alongwith memoranda of understanding on technology and education.

Within the framework of the official visit, the two sideshave reached more cooperation documents, covering collaboration between thelegislative bodies, plant and animal quarantine, culture and education, amongother fields.

The Vietnamese legislature has been making all-outefforts to consolidate the legal system, and untangle knots for foreigninvestors in the country, the NA Chairman affirmed, noting that the Vietnameseand Iranian legislatures will work together to supervise the governments’ implementationof the documents, especially those in economy, trade and investment.

He said the two countries’ chambers of commerce andindustry should organise more cooperation activities and delegation exchangesto tighten connectivity between localities and enterprises.

Hue expressed his belief that the bilateral economic,trade and investment ties will grow further in the time ahead.

Speaking at the event, Chairman of the Iran Chamber ofCommerce, Industries, Mines and Agriculture Hossein Selahvarzi called forgreater efforts by both sides to promote their economic and trade cooperation.

Talar Poshti, Chairman of Industries and MineCommittee of the Iranian Parliament, said Iran has put forth many programmesand plans to strengthen cooperation with Vietnam, stressing they will likelyhelp promote the economic, trade and investment ties.  

Meanwhile, Pour Ebrahimi, Chairman of the Iranian Parliament'sEconomic Committee, expressed his impressions on Vietnam’s socio-economicachievements, and affirmed that the Iranian government and people want to enhanceeconomic and trade cooperation with the Southeast Asian nation.

He also noted hope that Hue’s visit will open up a newchapter for the bilateral economic and trade collaboration./.
VNA

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