VN, Iran vow support to achieve US$2 billion trade

State President Tran Dai Quang welcomes Chairman of the Chamber of Commerce, Industries and Mines and Agriculture of Iran Gholam Hossein Shafei in Ha Noi on Thursday. Photo: VNA

The State President told Chairman of the Chamber of Commerce, Industries and Mines and Agriculture of Iran Gholam Hossein Shafei during a reception in Ha Noi on April 20.

The State leader said both sides have agreed to boost bilateral economic, trade, investment cooperation across oil and gas, telecommunications, agriculture and fisheries, adding that Viet Nam could export quality products to Iran at competitive prices, such as rice, tea, coffee, cashew nut, pepper, rubber, motorbike and bicycle spare parts.

The Vietnamese State encourages domestic firms to invest in Iran, as well as makes it easier for Iranian citizens and businesspeople to survey market and boost trade, investment and tourism in Viet Nam.

The State also encourages Vietnamese banks to sign cooperation agreements with Iranian counterparts to pave the way for smooth payment, he said.

The host emphasized that Iran will have a chance to access an over-90-million-people market when investing in Viet Nam, adding that Viet Nam stands ready to become a bridge linking Iran and ASEAN market with a 600 million-plus population and tens of other markets with which Viet Nam did and will sign free trade agreements.

Shafei, who is in Viet Nam to attend the Viet Nam-Iran business forum held the same day, stressed that the Look East policy and development of ties with East Asian countries are Iran’s top priority, in which Viet Nam plays an important role in reinforcing ties between Iran and regional countries.

According to him, two-way trade has grown 22% following high-level mutual visits in 2016.

As Viet Nam is among the top 20 countries that Iran attaches importance to developing economic-trade ties, the bilateral trade value will further grow, he said.

The guest affirmed that Iran is willing to serve as a gateway for Viet Nam to extend ties with Central Asia, the Middle East and Europe.

Informing the host about the outcomes of the forum, Shafei said both sides vowed to establish the Viet Nam-Iran Chamber of Commerce and Industry, with offices expected to be inaugurated in the two nations next March.-VNA