Industry news

Vietnam - Bangladesh: Encourage businesses to find opportunities

16-03-2018

The two countries agreed to double the bilateral trade turnover by 2020

State President Tran Dai Quang on March 5 talks with Bangladeshi Prime Minister Sheikh Hasina in Dhaka.

The leaders said the two countries are potential markets with large populations, young workforce and dynamic business community that are the gateway for Southeast Asia and South Asia. Therefore, the two sides should promote these advantages in order to bring the results of substantive cooperation; The bilateral trade value has grown positively, reaching nearly US $ 900 million in 2017 and agreeing to double this turnover by 2020.

The two sides also exchanged the possibility of cooperation in textile and garment processing, footwear processing, leather tanning, food processing, pharmaceuticals; On the basis of the strengths of each country, consider setting up joint ventures in this area; Promote the establishment of direct flights connecting the two countries. Prime Minister Sheikh Hasina pledged to create favorable conditions, in the form of flexible capital contribution to Vietnamese businesses to expand investment in Bangladesh; Desiring to cooperate and learn from Vietnam's experience in the field of agriculture, cultivation techniques and application of new technologies to increase agricultural productivity; We will continue to import rice from Vietnam.

President Triet meets Bangladesh Prime Minister Sheikh Hasina Photo: UNB NEWS

President Tran Dai Quang and Prime Minister Sheikh Hasina agreed to strengthen cooperation in other fields such as defense, security, education, tourism, culture and people exchange. continue to maintain good cooperation in regional and international forums. Talking about regional and international issues of mutual concern, the two leaders favored the promotion of peace, stability, security, security and freedom of navigation in the South China Sea; Settlement of disputes by peaceful means on the basis of international law, including the United Nations Convention on the Law of the Sea 1982 (UNCLOS); Implement the Declaration on the Conduct of Parties in the South China Sea (DOC) and Toward a Code of Conduct in the South China Sea (COC).

At the end of the talks, President Tran Dai Quang and Prime Minister Sheikh Hasina witnessed the signing of cooperation documents between the two countries: a Memorandum of Understanding on Fisheries and Livestock Cooperation in the period 2018-2022 between the Ministry of Agriculture and Rural Development in Vietnam and the Bangladesh Ministry of Fisheries and Animal Husbandry; Memorandum of Understanding on Machine Manufacturing Cooperation between the Ministry of Industry and Trade of Vietnam and the Ministry of Industry of Bangladesh; Agreement on Cultural Exchange Program between the Ministry of Culture, Sports and Tourism and the Ministry of Culture of Bangladesh.

At a press conference after the talks, PM Sheikh Hasina said the Bangladeshi government encouraged the two countries' businesses to seek opportunities in each other's markets, as well as the desire to institutionalize dialogue partnerships in the ASEAN region. The At the same time, President Tran Dai Quang stressed that the leaders of the two countries agreed to seek appropriate measures to create a breakthrough, bringing The relationship between the two countries has been further developed, substantially and effectively, meeting the aspirations and interests of the two peoples.

On the occasion of the visit, the two sides issued a joint declaration, which emphasized the traditional friendship and cooperation between Vietnam and Bangladesh during 45 years of diplomatic relations. The two sides agreed to propose directions and measures to expand and further deepen the bilateral cooperation in the fields of mutual benefit.

Source nld.com.vn