Vietnamese envoy for more export from Bangladesh to reduce trade gap

Ambassador of Vietnam to Bangladesh Pham Viet Chien has said that they want Bangladesh to export more to Vietnam for reducing the existing trade gap.

The Ambassador said this when a seven-member delegation, led by him,  visited the Dhaka Chamber of Commerce and Industry (DCCI) and participated in an interactive business meeting on Wednesday at the DCCI auditorium.

Chien said several Vietnamese companies are still in operation in Bangladesh and they are doing well, reports BSS.

He said the bilateral trade between Vietnam and Bangladesh would boost manifold, but for that Bangladesh needs to develop in the logistic sector like improved port facilities having easy loading and unloading processes.

The Vietnamese Ambassador also requested the business community of Bangladesh to send trade delegations to Vietnam for more interactions. He also underscored the importance of sustainable mutual benefits, said a press release.

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.

DCCI President Rizwan Rahman said Vietnam is the 18th largest import partner and 44th largest export market of Bangladesh.

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

Rizwan also said that Bangladesh needs technical expertise from Vietnam to improve its industrial capacity and productivity. He also underscored the importance of direct flight between Dhaka and Hanoi.

The DCCI President also sought Vietnam's support to Bangladesh to become a member of the Regional Comprehensive Economic Partnership (RCEP).

He also shared the experience of Vietnam in FDI promotion and export diversification.

DCCI Senior Vice President NKA Mobin, Vice President Monowar Hossain along with the Board of Directors of DCCI were also present among others.