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Vietnam, Iran step up trade ties with hope for 2 bln USD value

Vietnamese Minister of Agriculture and Rural Development Nguyen Xuan Cuong has expressed his hope that trade value between Vietnam and Iran will soon reach 2 billion USD.
Vietnam, Iran step up trade ties with hope for 2 bln USD value ảnh 1At the reception (Source: VNA)
Hanoi (VNA) – VietnameseMinister of Agriculture and Rural Development Nguyen Xuan Cuong has expressedhis hope that trade value between Vietnam and Iran will soon reach 2 billionUSD.

At a reception for Alaeddin Boroujerdi, Chairman of the National Security andForeign Policy Commission of the Iranian Parliament on October 24, Cuong said theninth meeting of the Vietnam-Iran Committee on Economic and CommercialCooperation in July 15-16, 2017 affirmed that the two countries boast hugepotential for cooperation across fields.

The Vietnamese Ministry of Agriculture and Rural Development (MARD), as head ofthe Vietnam-Iran Friendship Cooperation Subcommittee, reported outcomes of themeeting to Prime Minister Nguyen Xuan Phuc, who later assigned specific tasksto relevant agencies to improve the efficiency of cooperation in all spheres.

In the realm of agriculture, in August 2017, the ministry invited 30 Vietnamesebusinesses to participate in a seminar on trade and investment promotion in theMideast, including Iran, Cuong said, adding that a number of enterprises will alsoattend another trade promotion event in Iran to be held by the MARD and theMinistry of Industry and Trade in November 2017.

He said the Department of Animal Health and the Plant Protection Departmenthave been assigned to study and remove technical barriers to animal health andplant protection so as to push export activities of the two countries.

The minister suggested Iran ship fish and bone powder to Vietnam and importrice, banana and lemon from the Southeast Asian nation, saying many Vietnamesefirms want to come to Iran to explore investment and business opportunities inthe country.

He also called on the two sides to step up collaboration in constructionmaterial production, petro-chemistry and bauxite.

For his part, Alaeddin Boroujerdi proposed the two countries cooperate in thebanking and oil and gas sectors, join hands to organise exhibitions, removetechnical barriers to animal health and plant protection, and study preferentialtrade agreements. He also suggested Vietnam import medicines produced by Iran.

Iran will provide free-of-charge venues for Vietnamese businesses atexhibitions in Iran, he said, calling for similar support from the Vietnameseside. -VNA
VNA

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