Vietnamese, Bangladeshi firms promote ties

At the event (Photo: VNA)

New Delhi (VNA) – Meetings between Vietnamese and Bangladeshi firms were held in Dhaka, the capital city of Bangladesh and the port city of Chittagong on November 11 and November 7, respectively, to promote bilateral economic and trade ties.

Co-hosted by the Vietnamese Embassy in Bangladesh, the Bangladesh-Vietnam Chamber of Commerce and Industry, the Dhaka Chamber of Commerce and Industry and the Chittagong Chamber of Commerce and Industry, the events drew about ten Vietnamese enterprises operating in construction materials, farm produce, electrical appliances and transport services.

The Bangladeshi side announced the Government’s policy of inviting investment in 100 economic and processing zones nationwide with a number of incentives, with priority given to information technology, telecommunication, farm produce processing, aquaculture, apparel for export, and tourism infrastructure.

They said the country is reforming and simplifying administrative procedures to facilitate inward investment.

Participants highlighted a need to hold similar events to increase exchanges and soon launch direct flights between Vietnam and Bangladesh to facilitate travelling and business.

A majority of Bangladeshi enterprises expressed their interest in cooperating with Vietnam in the fields of apparel, agro-fisheries, processed food, construction materials, pharmaceuticals and chemicals.

According to the General Statistics Office, two-way trade between Vietnam and Bangladesh reached 981 million USD as of September 2021, of which over 90 percent were Vietnam’s exports to the South Asian country, up nearly 80 percent annually. The figure is expected to reach 1 billion USD this year./.