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Turkish investors ponder opportunities in Viet Nam

Update: November, 20/2012 - 10:51
Workers check diesel engines at Vinappro corporation before exporting to Turkey and Middle East countries. — VNA/VNS Photo Van Khanh
HA NOI (VNS)— Viet Nam hopes to lure more investment from Turkish enterprises and offers an investment environment with stable politics, a favourable geographic location and young labour force, said the Viet Nam Chamber of Commerce and Industry's general secretary, Pham Thi Thu Hang.

Making the comments at a business conference in Ha Noi yesterday, Hang called for Turkish companies to enhance their presence in the Vietnamese market as well as establish new partnerships with domestic enterprises.

The conference drew the participation of more than 60 enterprises, and was attended by Necati Abacioglu, chairman of the Turkey-Viet Nam Business Council.

Abacioglu said Turkey attached great importance to promoting co-operation with Viet Nam, especially in economic and commercial relations.

‘'However, our bilateral economic ties remained modest," he said. "I strongly believe that there is huge potential for further developing our relations."

The chairman said he hoped the meeting provided many opportunities to enhance the close bilateral economic ties and build permanent partnerships between companies from the two countries.

Turkish Ambassador to Viet Nam Ahmet Akif Oktay said Viet Nam had to make renewed efforts to promote its potentials in Turkey if the country wanted to attract more foreign direct investment.

He emphasised the importance of promoting reciprocal business visits and contacts and providing easy access to reliable and timely information about the conditions, regulations and needs of different sectors, markets and companies from both countries.

During the event, enterprises from the two countries exchanged information and discussed the possibility of co-operation in the area of steel and minerals, agricultural products, apparel and consumer goods.

Turkey is now one of Viet Nam's most important trade partners in Asia. Two-way trade reached US$1 billion in 2011 and $950 million during the first nine months of this year. Bilateral trade is expected to exceed $1 billion by the end of the year.

As of October, Turkish businesses have pumped $68.8 million into nine projects in Viet Nam. — VNS

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