Bangladesh should export more to Vietnam to trim trade gap

Vietnam envoy tells Bilateral business meeting with DCCI

Published : 17 Nov 2021 08:54 PM | Updated : 20 Nov 2021 11:02 AM

Ambassador of Vietnam to Bangladesh Pham Viet Chien on Wednesday opined that Vietnam wants Bangladesh to export more to the country to reduce the existing trade gap.

"Several Vietnamese companies are still in operation in Bangladesh and they are doing well. Bilateral trade between Vietnam and Bangladesh will boost manifold, but for that Bangladesh needs to develop in the logistic sector like improved port facility having easy loading and unloading processes", the envoy said 

He was addressing an interactive business meeting, held with the DCCI leaders at DCCI office, Matijheel in the capital. The envoy was leading a seven member delegation of Vietnam to  participate in the meeting 

Read more: Deals worth over $1b inked in China-LAC business summit

Referring to the importance of sustainable mutual benefits, he also requested the business community of Bangladesh to send trade delegations to Vietnam for more interactions. 

DCCI President Rizwan Rahman delivered address of welcome.

Rizwan said in FY2020-21, bilateral trade between Bangladesh and Vietnam reached US$ 739.89 million, where export and import was US$ 61.29 and 678.6million respectively. 

"Bangladesh needs technical expertise from Vietnam to improve its industrial capacity & productivity. Direct flight between Dhaka and Hanoi is so important and support from", he added 

Rizwan sought Vietnam’s support to Bangladesh to become a member of the Regional Comprehensive Economic Partnership (RCEP). Sharing experience of Vietnam in FDI promotion and export diversification.

Members of the visiting Vietnamese delegation also took part in the discussion. They said that Vietnam can export a good quantity of construction stones, clinker, food and spices. Moreover they have shown interest to import jute, jute goods and pharmaceutical products from Bangladesh.

During the meeting N K AMobin, FCS, FCA, Senior Vice President, Monowar Hossain, Vice President along with the Board of Directors of DCCI were also present.

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