Participants in a Vietnam-Bangladesh business meeting pose for a photo (Photo: VNA)

Hanoi (VNA) – A delegation of nearly 20 Vietnamese
businesses in various sectors has visited Bangladesh to boost trade partnership
with the South Asian nation in the first trip of its kind held by the Ministry
of Industry and Trade in five years.

The Vietnamese Embassy in Bangladesh coordinated
with the ministry and the two countries’ chambers of commerce and industry to
organise an investment and trade promotion workshop. 

At the event, Bangladeshi Minister of Civil
Aviation and Tourism Rashed Khan Menon pledged to coordinate with Vietnam to
soon open a direct air route linking the two nations so as to enhance trade and
tourism. He promised to provide the best possible conditions for Vietnamese
firms to invest in potential industries of his country such as technology and

Minister of Commerce Tofail Ahmed called on
Vietnamese enterprises to invest in Bangladesh and asked the Vietnamese
Government to create favourable conditions for his country’s pharmaceutical
products to enter Vietnam.

Noting the progress in economic and trade ties,
Vietnamese Ambassador to Bangladesh Tran Van Khoa said bilateral trade reached
about 400 million USD in the first half of 2017, up 40 percent year on year.

He stressed to develop sustainable and win-win
trade relations, businesses of both sides should diversify their export items,
instead of depending on just few strong products like they have done so far.

[Infographics: Vietnam – Bangladesh relations]

Bangladesh is assessed as a potential market
with a population of over 160 million, rapid economic growth and young and
abundant workforce. It is considered a gateway for Vietnamese goods to enter
other South Asian markets.

Meanwhile, it also has a number of potential
commodities for export to Vietnam such as jute and jute products, ceramics and

At the workshop, some Vietnamese firms also
signed export contracts with Bangladeshi partners at a total value of 60,000

Aside from the event, the Vietnamese Embassy
worked with the Federation of Bangladesh Chambers of Commerce and Industries to
hold a meeting to listen to businesses’ proposals and help address problems
facing their activities.

During their stay, the Vietnamese delegation
surveyed the Bangladesh market and visited automobile and motor maker Runner
and electric and electronic device producer Rahimafrooz.-VNA