Vietnamese President Tran Dai Quang’s three-day state visit to Bangladesh aims to intensify trade and investment promotion, and create favourable conditions for business between the two countries to achieve a two-way trade goal of US$1 billion, according to the newspaper "Daily Star".
President Tran Dai Quang
The
Bangladeshi newspaper quoted a high level official at the foreign ministry as
saying that the bilateral trade volume between Bangladesh and Vietnam was
increasing.
In an article published on
February 28, ahead of President Tran Dai Quang’s visit, set to begin on March
4, the paper said "Bangladesh and Vietnam are enjoying economic cooperation,
with trade reaching US$609 million in 2016, from only US$93 million in 2009.
Bangladesh exports
pharmaceuticals, raw materials for garments, and machinery to Vietnam, while
Vietnam's major exports to Bangladesh include iron, steel, fibre, textiles,
plastics, rubber, and electronics.”
The article continued, "Dhaka
is eager to connect itself with the Association of Southeast Asian Nations,
whose members are Vietnam, Brunei, Cambodia, Indonesia, Laos, Malaysia,
Myanmar, Singapore, Thailand, and the Philippines. It will seek support from
Hanoi for its regional integration.”
"The two countries are likely
to sign about half a dozen agreements and memorandums of understanding for the
promotion of trade, investment, connectivity, and cooperation during the
visit,” it said.
President Tran Dai Quang will
visit Dhaka at the invitation of his Bangladeshi counterpart Abdul Hamid. He
will fly to Dhaka from New Delhi after a three-day visit to India.
Some 100 business
representatives from top Vietnam companies will accompany the President and
hold discussions with their Bangladesh counterparts, exploring trade and
investment potentials in Bangladesh.
A business forum will be held
at the Pan Pacific Sonargaon Hotel on March 6.
Bangladesh and Vietnam
established diplomatic relations on February 17, 1973. Since then, the
relationship of friendliness and cooperation between the two states has been
enhanced in a wide range of areas, especially in economy and trade.
Source: NDO
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