Workshop expects to help boost trade with Sudan
The Vietnam Chamber of Commerce and
Industry (VCCI) on October 6 opened a workshop with a view to
strengthening economic and trade cooperation between Vietnam and the
Sudan.
The Vietnam Chamber of Commerce and
Industry (VCCI) on October 6 opened a workshop with a view to
strengthening economic and trade cooperation between Vietnam and the
Sudan.
Addressing the event in Hanoi , VCCI President Vu Tien Loc said Sudan is known as the granary of the Middle East and has an abundant supply of natural resources such as oil, gold, iron ore, copper, zinc and silver.
He underlined that accelerating the relationship between the two countries is among the major tasks identified by both governments.
Ali Karti, Sudan’s Secretary of State said Sudanese enterprises want to increase cooperation with their Vietnamese partners, especially in the agriculture and oil and gas industry.
Known as a gateway between Africa and the Middle East and the largest of the leading members of the common market in South-eastern Africa, Sudan is a partner of great potential for Vietnam.
Bilateral trade between the two countries has significantly increased in recent years, topping 63.4 million USD in 2008 from less than one million USD in 2002. In 2008, Vietnam exported 23.9 million USD worth of various items mainly computers, electronic appliances and spare parts, garments, rice, coffee, bags, leather wallets and purses.
The impact of the global financial crisis in 2009 slowed Vietnamese exports to the African country. In the first six months of this year, Vietnam earned 14.75 million USD in exports to Sudan and imported 750,000 USD worth of goods.
Tran Quang Huy, Deputy Chief of the African – Western and Southern Asian Markets Department under the Ministry of Industry and Trade (MOIT), called for further efforts by both governments to improve the legal environment, sign bilateral agreements on investment protection, double taxation avoidance, and banking, transportation and oil and gas cooperation.
Huy urged an increased exchange of information between both sides regarding trade and investment policies, trade promotion activities such as trade fairs and exhibitions in both countries and making an inventory of each country’s import needs and export capacity./.
Addressing the event in Hanoi , VCCI President Vu Tien Loc said Sudan is known as the granary of the Middle East and has an abundant supply of natural resources such as oil, gold, iron ore, copper, zinc and silver.
He underlined that accelerating the relationship between the two countries is among the major tasks identified by both governments.
Ali Karti, Sudan’s Secretary of State said Sudanese enterprises want to increase cooperation with their Vietnamese partners, especially in the agriculture and oil and gas industry.
Known as a gateway between Africa and the Middle East and the largest of the leading members of the common market in South-eastern Africa, Sudan is a partner of great potential for Vietnam.
Bilateral trade between the two countries has significantly increased in recent years, topping 63.4 million USD in 2008 from less than one million USD in 2002. In 2008, Vietnam exported 23.9 million USD worth of various items mainly computers, electronic appliances and spare parts, garments, rice, coffee, bags, leather wallets and purses.
The impact of the global financial crisis in 2009 slowed Vietnamese exports to the African country. In the first six months of this year, Vietnam earned 14.75 million USD in exports to Sudan and imported 750,000 USD worth of goods.
Tran Quang Huy, Deputy Chief of the African – Western and Southern Asian Markets Department under the Ministry of Industry and Trade (MOIT), called for further efforts by both governments to improve the legal environment, sign bilateral agreements on investment protection, double taxation avoidance, and banking, transportation and oil and gas cooperation.
Huy urged an increased exchange of information between both sides regarding trade and investment policies, trade promotion activities such as trade fairs and exhibitions in both countries and making an inventory of each country’s import needs and export capacity./.
You should also see
Vietnamese Deputy PM, Venezuelan President hold talks
Vietnamese Deputy Prime Minister Tran Luu Quang held talks with President of Venezuela Nicolás Maduro Moros in Caracas on April 18, as part of his ongoing official visit to the Latin American country.
See more
Videos
Foreign investment driven towards new breakthrough phase
Vietnam has so far drawn nearly 500 billion USD in registered FDI capital after nearly four decades of opening up its economy, with investment quality improvement considered a key task for a new breakthrough phase ahead.
Business
Quang Ninh attracts additional 115 million USD from Japan investors
The Quang Ninh Economic Zone Authority (QEZA) presented investment certificates to two Japanese projects worth 115 million USD in total at a conference held at Song Khoai Industrial Park (IP) on April 19.
Business
Central bank plans to auction gold bars on April 22
The State Bank of Vietnam (SBV) will auction SJC-branded gold bars on April 22, a representative of the central bank said on April 19.
Business
Hanoi to host Vietnam Medipharm Expo 2024
The 31st Vietnam International Medical and Pharmaceutical Exhibition (Vietnam Medipharm Expo 2024) is scheduled to take place in Hanoi from May 9 to 12, an official of the Ministry of Health (MoH) told a press conference on April 19.
Business
Japan's Takashimaya plans to expand investment in Vietnam
Takashimaya, a Japanese operator of upscale department stores, plans to open a shopping centre in Hanoi in 2026 that will be the company's first new location abroad in eight years, Japanese newspaper Nikkei reported.
