Vietnam to collaborate with Bangladesh in trade and investment

October 4, 2018

Vietnam and Bangladesh should make stronger efforts to translate their potential into sound cooperation in economics, trade and investment, said Vietnam’s Prime Minister Nguyen Xuan Phuc during a meeting with Bangladeshi Commerce Minister Tofail Ahmed in Hanoi.

PM Phuc welcomed Ahmed to Vietnam for the World Economic Forum on ASEAN (WEF ASEAN) and lauded the long-standing friendship between the two countries, which has been growing.

Ahmed appreciated Vietnam as a good friend of Bangladesh and said he is impressed with what Vietnam has achieved in multiple areas and suggested that the two nations can cooperate more in textile and garments. According to the commerce minister, “Vietnam is Bangladesh’s large trade partner, so the South Asian country wants to raise the annual bilateral trade to US$ 2 billion.”

He noted that the business climate in Bangladesh has improved remarkably in recent years, creating a good opportunity for investors from Vietnam and also hoped that, the bilateral ties in economics, trade, and investment will progress in the coming years.

Source: The Textile Today