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VietNamNews

Mid-East, N Africa forum to push trade

Update: October, 30/2013 - 08:57

Two-way trade between Viet Nam and the region hit $7.4 billion last year, up 87 percent from 10 years ago. Bilateral trade between Viet Nam and some regional countries has already surpassed $1 billion each year.— File Photo

HA NOI (VNS) — Policymakers and businesses from Viet Nam, the Middle East and North Africa will gather at a forum in Ha Noi on November 4-5 to seek ways to boost co-operation, especially in economics, trade and investment.

One of the most important external economic events in Viet Nam this year, the forum demonstrates the Vietnamese Government's attention to economic ties with Middle East and North African countries. With a population of over 520 million, the market holds great potential for Vietnamese manufacturers.

Despite their geographical distance, Viet Nam and countries in the Middle East and North Africa have long had friendly relations. Viet Nam has established diplomatic relations with most of the countries in the region. Two-way trade between Viet Nam and the region hit $7.4 billion last year, up 87 percent from 10 years ago. Bilateral trade between Viet Nam and some regional countries has already surpassed $1 billion each year.

At the economic co-operation forum, guest businesses will be briefed on the country's economic policies and investment opportunities while policy makers will exchange views on how to boost ties and co-operation.

Participating businesspeople are also expected to extend their contact bases and reach co-operation deals. — VNS

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