Wednesday, October 21 2020


Bangladesh, Viet Nam to boost trade 25%

Update: August, 11/2015 - 09:02
Viet Nam's President Truong Tan Sang (L) and Bangladesh President Abdul Hamid review a guard of honour during a welcoming ceremony at the Presidential Palace in Ha Noi yesterday.—VNA/VNS Photo Nguyen Khang
HA NOI (VNS) — Vietnamese President Truong Tan Sang and his Bangladeshi counterpart Abdul Hamid said they will seek to boost trade between the two countries by 25 per cent by the end of next year from 2014.

The two leaders said they would target $1 billion in bilateral trade in 2016. Trade grew to more than $800 million last year, up 40 per cent from the year before.

President Abdul Hamid, who is in Viet Nam for the first time as Bangladesh's president, is on an official state visit from August 9-13.

President Sang and President Hamid said they agreed on more exchanges of high-level visits, delegations, and people between Viet Nam and Bangladesh in the future.

Both sides also shared economic development experience, notably in agriculture and personnel training, and discussed regional and global issues of shared concern.

The two sides consented to further expand co-operation in such sectors as garments and textiles, mining, energy, chemicals, mechanical engineering, manufacturing, consumer goods, food processing, iron and steel production, construction and telecommunications.

The two leaders underlined the need to maintain good cooperative relations and offer each other support at regional and international forums, especially the United Nations, the Non-Aligned Movement, South-South co-operation, the ASEAN Regional Forum (ARF),the Asia- Europe Meeting (ASEM), and regional and sub-regional cooperation. Viet Nam acknowledged the proposal in favour of Bangladesh becoming a dialogue partner of ASEAN and encouraged Bangla-desh to spur specific and efficient cooperation with the regional grouping.

Joint statement

Viet Nam and Bangladesh issued a joint statement on the same day. — VNA/VNS Photo Nguyen Khang
Viet Nam and Bangladesh issued a joint statement on the same day. The statement said that President Truong Tan Sang and President Abdul Hamid had held talks. It also expressed their desire to elevate bilateral relations to a new level, deepen current co-operative areas and expand co-operation to other sectors. Both sides agreed to increase consultation and policy exchanges; organise the third Viet Nam-Bangladesh Joint-Committee on Economics, Trade, Culture, Science, and Technology meeting; and set up the first diplomatic consultation between the two foreign ministries to review and establish directions for future co-operation.

According to the statement, Viet Nam valued Bangladesh's support for its nomination to the UN Security Council's 2014-2016 term and the Economic and Social Council's 2016-2018 term. Viet Nam hoped Bangladesh would also back its nomination as a non-permanent member of the UN Security Council in its 2020-2021 term.

Meeting leaders

Viet Nam's General Secretary Nguyen Phu Trong (R) shakes hands with Bangladesh's President, Abdul Hamid at the Office of the Party Central Committee in Ha Noi yesterday. — VNA/VNS Photo Tri Dung
At a meeting with Hamid in Ha Noi yesterday, Party General Secreatary Nguyen Phu Trong urged further co-operation between the two parties, parliaments and people. He stressed the importance of increasing bilateral co-operation on national defense, economics, trade, investment, science and technology, culture and tourism.

Trong proposed that they increase mutual support at regional and global forums – especially the UN, the Non-aligned Movement and at the Asia-Europe Economic Co-operation forum.

Hamid expressed his hope of boosting collaboration on various fields, such as delegate exchanges, economics and trade. He also stressed the need to enhance mutual support at regional and global forums, and said Bangladesh was ready to share its experiences participating in UN peacekeeping missions.

Hamid also met with Prime Minister Nguyen Tan Dung and National Assembly Chairman Nguyen Sinh Hung.

Prime Minister Nguyen Tan Dung (R) meets with Bangladesh President Abdul Hamid in Ha Noi yesterday. — VNA/VNS Photo Thong Nhat

Prime Minister Nguyen Tan Dung and President Abdul Hamit discussed specific measures to stimulate bilateral economic, trade, investment and tourism co-operation between Viet Nam and Bangladesh in their meeting.

National Assembly Chairman Nguyen Sinh Hung said he hoped the two countries would continue to boost ties between the two legislative bodies. Hamid praised Viet Nam's achievements in its struggle for national liberation, renewal and development. The countries also agreed to increase mutual support at the Inter-Parliamentary General Assembly and share their experiences with legislation and supervision. — VNS

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