Tehran, Hanoi Eye $2b Trade Turnover
TEHRAN – Iran and Vietnam on Monday called for paving the ground for boosting the current trade turnover to $2b.
Deputy Head of Iran’s Chamber of Commerce, Industry, Mine and Agriculture (ICCIMA) Mr. Mohammad Reza Karbasi during meeting with Director of AsiaAfrica Department of Ministry of Industry and Trade of Vietnam called for expanding trade relation and taking action to boost the current trade turnover to $2b.
He said that easing visa process and signing preferential trade agreement are prerequisites to enhancing the trade exchanges.
He also called for establishing banking brokerage to accelerate the economic relation between Iran and Vietnam.
He said talks between high-ranking officials of both countries have begun and both sides are preparing the grounds for its implementation.
He added that during the recent visit of Iranian private sector officials to Vietnam, the topics for cooperation were outlined.
Karbasi also called for joint investment and preferential trade agreement which have been discussed in the past.
Meanwhile the Vietnamese official said that Vietnam attracted more than $169b foreign investment last year and the country has planned 270 projects for the current year as Vietnam has signed 12 FDA contracts with different countries.
He reiterated that Vietnam eyes joint ventures rather than mere trade between both states, adding that Iran and Vietnam can cooperate in energy, petrochemical, oil and food industry sectors.
He also urged the related ministries of both countries to pave the ground for cooperation between private sectors of both states.