Speaking at the event, VCCI Vice President Doan Duy Khuong said two-way trade between Vietnam and Bangladesh soared to 813.5 million USD last year from 14 million USD in 2002. The figure reached 527.8 million USD in the first eight months of this year, he said.

Illustrative image.

Vietnam’s exports to Bangladesh are mostly clinker, cement, steel billets, and mobile phones while imports include garment materials, leather, footwear, pharmaceuticals and sesame.

As of April 2019, Bangladesh’s total investment in Vietnam was 1.18 million USD. Meanwhile, Vietnam invested in a project worth 27,900 USD in Bangladesh which is now placed at 68th out of 72 countries and territories invested by Vietnamese companies.

Bangladeshi Ambassador to Vietnam Samina Naz lauded the event as a good chance for both countries to boost bilateral economic, trade and investment ties.

In order to achieve 1 billion USD in two-way trade this year or by 2020, efforts by the two chambers of commerce and industry are necessary, she said.

Chairman of the Bangladesh Metropolitan Chamber of Commerce Hong Kong Limited Fazle Azim said Vietnam and Bangladesh are well-positioned to further promote bilateral ties to a new height.

Participating Bangladeshi enterprises mostly operate in real estate, garment and materials, cement, construction materials, chemicals, minerals, e-commerce, banking, maritime transportation, food and beverages, power generators, and trade.

Bac Giang attracts investment in agriculture

(BGO) – With a large area of commodity production, the northern province of Bac Giang still encounters difficulties to lure the enterprises with great potential investing in the province. The local authority has applied several preferential mechanism and policy to the businesses which implements projects in agriculture sector. 

Bac Giang attracts many big investment projects

(BGO) – The Management Board of Industrial Parks (MBIP) in the northern province of Bac Giang has recently issued the Certificate of Investment Registration to 3 new investment projects in the province.

Vietnam, Uruguay sign trade, investment promotion deal

The Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade has inked a memorandum of understanding (MoU) on trade and investment promotion with Uruguay’s Investment, Export and Country Brand Promotion Agency.

Bac Giang works to lure foreign direct investment

Removing bottlenecks of businesses will be prioritised in the northern province of Bac Giang to lure more foreign direct investments (FDI) in the coming time.

Bac Giang draws 90 investment projects in 7 months

(BGO) – In July 2019, Bac Giang province attracted total investment of 113.8 million USD, making up the total invested capital of over 658.9 million USD since early this year (up 45 percent comparing to the same period last year).

Source: VNA