Business

Vietnam, Iran hold huge potential for cooperation

There are plenty of room for Vietnamese and Iranian enterprises to cooperate in the fields of oil and gas, petrochemicals, port, information and technology, telecommunication and tourism, said Speaker of the Parliament of Iran Ali Ardeshir Larijani.
Vietnam, Iran hold huge potential for cooperation ảnh 1Speaker of the Parliament of Iran Ali Ardeshir Larijani (centre) at the Vietnam-Iran Business Forum
(Photo: VNA)

Hanoi (VNA) – There are plenty of room for Vietnamese and Iranian enterprises tocooperate in the fields of oil and gas, petrochemicals, port, information andtechnology, telecommunication and tourism, said Speaker of the Parliament ofIran Ali Ardeshir Larijani.

At the Vietnam-Iran Business Forum held in Hanoi on April 17, the IranianParliament Speaker stressed that fruitful bilateral relations will serve as acatalyst to bolster trade cooperation and investment between the two nations.

The Iranian market needs to import seedlings, vegetable oil, rice and materialsfor paper production, he added.

Leaders from the two countries are working to remove bottlenecks in payment andvisa granting, he said, expressing his hope that the move will make significantcontributions to promoting two-way trade.

Representatives from the Iranian delegation said that Iran has an effectivepolicy to attract foreign investment. The country set up six free trade zones,which offer free corporate tax for investors within 15 years together withother preferential treatment.

Notable characteristics of the Iran market, leading enterprises and visa policyfor investors to the southwest Asian country were shared at the event.

Ali Ardeshir Larijani is leading a delegation from the Iranian Parliament topay a four-day official visit to Vietnam at the invitation of National AssemblyChairwoman Nguyen Thi Kim Ngan. The Vietnam-Iran Business Forum was organised withinthe framework of his visit.-VNA
VNA
#plenty of room #Vietnamese and Iranian enterprises #oil and gas #petrochemicals #port #information and technology #telecommunication #tourism #Speaker of the Parliament of Iran Ali Ardeshir Larijani #Vietnam-Iran Business Forum #six free trade zones #Vietnam News Agency #Vietnamplus Iran Vietnam
Follow VietnamPlus

Related News

Vietnam wants to bolster traditional ties with Iran: Party Chief

Vietnam wants to bolster traditional ties with Iran: Party Chief

Vietnam wants to step up traditional cooperation and friendship with Iran and both sides should work more to bolster economic, trade and investment ties to live up with their strengths and potential, said General Secretary of the Communist Party of Vietnam Central Committee Nguyen Phu Trong.
VFF pledges to contribute to Vietnam-Iran relations

VFF pledges to contribute to Vietnam-Iran relations

The Vietnam Fatherland Front (VFF) will continue its close coordination with the National Assembly, Government and relevant agencies of Vietnam to contribute to enhancing the friendship and multi-faceted cooperation with the State and people of Iran, said President of the VFF Central Committee Tran Thanh Man.

See more

ASEAN, China promote cross-border payments

ASEAN, China promote cross-border payments

In the first quarter of 2025, the value of RMB transactions between China and Malaysia reached 102 billion RMB (4 billion USD), up 27% year-on-year, while transactions with Cambodia reached 5 billion RMB (686 million USD), an increase of 45% compared to the same period in 2024.

Vietnamese Ambassador to China Pham Thanh Binh (left) and Chairman of the China Council for the Promotion of International Trade Ren Hongbin. (Photo: VNA)

Vietnam, China eye deepening trade promotion cooperation

The Vietnamese Embassy is ready to act as a bridge in facilitating cooperation between the China Council for the Promotion of International Trade (CCPIT) and Vietnamese partners, as well as in connecting enterprises from both countries, said Ambassador Pham Thanh Binh.

PM Pham Minh Chinh speaks at the meeting. (Photo: VNA)

PM calls for bold, accelerated action in railway development

Prime Minister Pham Minh Chinh has urged ministries, agencies, and localities to act with “greater speed and boldness” to carry out Vietnam’s railway projects at the second meeting of the Steering Committee for key national railway projects in Hanoi on April 26.

Vietnamese Ambassador to Cambodia Nguyen Minh Vu meets with leaders and staff of three rubber companies in Kampong Thom province, Cambodia. (Photo: VNA)

Vietnam, Cambodia deepen investment links in Kampong Thom

Vietnamese Ambassador to Cambodia Nguyen Minh Vu on April 25 paid a working visit to several subsidiaries of the Vietnam Rubber Group (VRG) in Kampong Thom province, and held discussions with provincial leaders to enhance coordination and create more favourable conditions for Vietnamese firms, thereby promoting stronger bilateral investment ties.

Can Tho leaders and Bestway Group executives perform the symbolic launch ceremony for the new project. (Photo: VNA)

Bestway International launches 300 million USD plant in Can Tho city

Once operational, the plant is projected to create over 5,000 direct jobs and generate approximately 500 million USD in annual revenue, primarily through exports. The project is expected to significantly enhance regional employment and economic growth, contributing to Can Tho’s development and the broader Mekong Delta region.

Tra fish processed for export in Dong Thap province (Photo: VNA)

World Bank forecasts Vietnam's GDP growth at 5.8% in 2025

As a trade-oriented economy, with imports and exports representing almost 170% of the GDP, Vietnam is particularly exposed to ongoing shifts in global trade policies. The US remains the largest export destination of Vietnam, accounting for 30% of its total exports, while China makes up 38% of its imports.

Vietnamese Minister of Industry and Trade (MOIT) Nguyen Hong Dien (Photo: VNA)

US calls tariff talks with Vietnam productive

US Trade Representative Jamieson L. Greer and Vietnamese Minister of Industry and Trade (MOIT) Nguyen Hong Dien agreed on the importance of making swift progress towards reciprocal and balanced trade between the US and Vietnam.

The working delegation from the Party Central Committee's Commission for Information, Education and Mass Mobilisation inspects the resettlement area for residents affected by the Ninh Thuan 1 Nuclear Power Plant project. (Photo: VNA)

Ninh Thuan asked to gain public support for nuclear power plant project

Pham Van Hau, Permanent Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Council, stated that recognising the importance of the project, the province has developed specific plans and a roadmap for its implementation. This includes focusing on effective communication efforts to gain high consensus among officials, Party members, and people.