VN, Oman look to foster cooperation
17:22 | 23/04/2019

VGP - Omani enterprises and representatives of Vietnamese in Ha Noi on April 22 met to discuss ways to further promote business and trade ties between the two countries.

Scene at the event

The Omani firms are seeking local cooperation and business partners in a range of fields, including construction, trade, interior decoration, aquaculture, organic fertilizer, construction materials, foodstuff, tourism, oil and gas services and electric equipment.
 
Member of the OCCI Board of Directors and Head of the OCCI Branch in the Governorate of Al Dakhiliyah Hamad bin Said al Rubkhi said that apart from such potential sectors as oil and gas, tourism, fishing and aquaculture, Oman also has strengths in fine handicraft and hotel services.

Oman is a gateway for products to enter Arabian markets with many seaports, hence, it is necessary to further boost investment and trade ties between Oman and Viet Nam, he said.

VCCI Vice Chairman Doan Duy Khuong said over the past years, diplomatic, economic and commercial relations between the two nations have been improved. With a population of almost 100 million, Viet Nam has advantages in exporting garment-textiles, footwear, mobile phones, iron and steel, wood and agricultural products.

Meanwhile, the Middle East country has imported up to 60% of its food demand and the figure is forecast to increase in the coming time, making itself a potential market for Vietnamese agricultural products, he said.

Khuong cited statistics from the General Department of Viet Nam Customs as saying that two-way trade remained modest, reaching only US$120.8 million in 2018, up 3.4% from the previous year. Of the figure, Viet Nam exported products worth US$50.8 million to Oman, a year-on-year rise of 19.3%.

Co-hosted by the Viet Nam Chamber of Commerce and Industry (VCCI) and the Omani Embassy in Viet Nam, the get-together formed part of a series of activities held from April 21-25 as representatives of the Oman Chamber of Commerce and Industry (OCCI) and 12 Omani companies are paying a working visit to Viet Nam.

 By Vien Nhu

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