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Vietnamese, Bangladeshi firms seek cooperation opportunities

The Vietnam Chamber of Commerce and Industry (VCCI) held a seminar in Hanoi on September 17 to introduce trade and investment opportunities to Bangladeshi firms in Hong Kong (China).

Speaking at the event, VCCI Vice President Doan Duy Khuong said two-way trade between Vietnam and Bangladesh soared to 813.5 million USD last year from 14 million USD in 2002. The figure reached 527.8 million USD in the first eight months of this year, he said.

Vietnamese, Bangladeshi firms, cooperation opportunities, Vietnam Chamber of Commerce and Industry, trade and investment opportunities, bilateral economic

Illustrative image.

Vietnam’s exports to Bangladesh are mostly clinker, cement, steel billets, and mobile phones while imports include garment materials, leather, footwear, pharmaceuticals and sesame.

As of April 2019, Bangladesh’s total investment in Vietnam was 1.18 million USD. Meanwhile, Vietnam invested in a project worth 27,900 USD in Bangladesh which is now placed at 68th out of 72 countries and territories invested by Vietnamese companies.

Bangladeshi Ambassador to Vietnam Samina Naz lauded the event as a good chance for both countries to boost bilateral economic, trade and investment ties.

In order to achieve 1 billion USD in two-way trade this year or by 2020, efforts by the two chambers of commerce and industry are necessary, she said.

Chairman of the Bangladesh Metropolitan Chamber of Commerce Hong Kong Limited Fazle Azim said Vietnam and Bangladesh are well-positioned to further promote bilateral ties to a new height.

Participating Bangladeshi enterprises mostly operate in real estate, garment and materials, cement, construction materials, chemicals, minerals, e-commerce, banking, maritime transportation, food and beverages, power generators, and trade.

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Source: VNA

Vietnamese, Bangladeshi firms, cooperation opportunities, Vietnam Chamber of Commerce and Industry, trade and investment opportunities, bilateral economic
 
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