Vietnam, Belarus ink business cooperation deals

3/30/2018 - 10:28:00 AM

Business cooperation between Vietnam and Belarus will be further developed following trade deals inked between the two sides in the northern province of Hung Yen on March 29 in the presence of Belarusian Deputy Prime Minister Vladimir Semashko.

Trucks assembled in MAZ Asia joint venture. (Photo: maz.by)

A US$60 million deal on supplying trucks and specialised cars and memorandum of understanding on establishing a dairy plant in the province were signed on the day.

joining in free trade agreements has opened up opportunities for collaboration between the two countries, Deputy PM Semashko said, recommending that Belarus and Vietnam should set up more joint ventures based on the principal of mutual benefits.

The Belarusian Government chose Hung Yen as the location for MAZ Asia joint venture to manufacture and assembly automobiles and the dairy plant, he said, adding that it is considering the construction of a bus assembling factory in the province.

Secretary of the provincial Party Committee Do Tien Sy lauded Belarus’s socio-economic achievements, especially in automobile industry, agriculture and dairy and farm produce processing, expressing his hope that Belarus will land more high-tech projects in the province to boost its development.

Meanwhile, Chairman of the provincial People’s Committee Nguyen Van Phong said that the province is focusing on developing infrastructure and industrial parks to lure more investments.

Currently, the province is home to 11 industrial parks, accommodating over 1,700 domestic and foreign projects, he said.

Phong suggested the Belarusian side invest in a fertiliser plant in the province while creating favourable conditions for Hung Yen to ship its agricultural products to the nation.

Hung Yen will create optimal conditions and adopt preferential policies so that Belarusian projects can become operational soon, he stressed.

On the occasion, Deputy PM Semashko and his working delegation visited the factory of MAZ Asia joint venture, which is under construction in Kim Dong district.

Source: NDO

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