The embassy of Vietnam in Bangladesh and the Dhaka Chamber of Commerce and Industry (DCCI) has signed a memorandum of cooperation to ease trade and investment between Vietnam and Bangladesh.
Recently Rizwan Rahman, President, DCCI and Pham Viet Chien, Ambassador, Vietnam signed the agreement at the chamber’s office in Dhaka, said a press release.
The Vietnamese embassy will also set up a ‘Vietnam Desk’ at DCCI’s office to lift bilateral trade under the agreement.
As per the MoC, both the DCCI and the embassy will organize business-to-business match-making, buyer-seller meetings, trade fairs, business promotion activities, promotion of goods and services, and field visits to research the Bangladeshi market.
Rizwan Rahman said, “The bilateral trade hovered around $650 million, which could be enhanced through cooperation, exchange of business delegation, and joint research for new business development.”
“At present, the existing competitive trade and investment environment of Bangladesh has created a huge dividend for foreign investors,” Rahman added.
Rahman urged the Vietnamese investors in the agro- and food-processing, shipbuilding, electronics, leather, jute, light engineering and handicrafts sectors to invest or make joint ventures in Bangladesh.
In this regard, DCCI President urged the embassy to facilitate investors of Bangladesh with technical know-how and expertise.
Pham Viet Chien emphasized the active implementation of the cooperation agreement.
Chien defined the bilateral relation as friendly and insisted the businessmen of both countries transform it into robust economic ties.
“There are various potential areas where both nations can join hands together,” the envoy said.
DCCI Senior Vice President NKA Mobin and Vice President Monowar Hossain were also present.