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Nov 3, 2012

Dhaka, Hanoi Agree To Boost Economic Ties

Bangladesh and Vietnam Friday expressed the firm desire to continue strengthening the bilateral relation and cooperation on a wide range of areas including economy, investment, agriculture, information, food security, communications, politics, security and defense.

The desire was expressed by top leaders of the two countries- visiting Bangladesh Prime Minister Sheikh Hasina and Vietnamese Prime Minister Nguyen Tan Dung at a joint press conference at the latter's office Friday afternoon after signing of two agreements and two MoUs between the two countries.

Bangladesh and Vietnam signed two agreements and two Memoranda of Understanding (MoUs) in the fields of fisheries and livestock, in agriculture, in promoting trade and to establish Business Councils by both the countries.



Vietnamese Prime Minister Nguyen Tan Dung said both sides held wide range of discussions relating to mutual interest and bilateral, regional and international issues of common concern.

He said: "We've found directions for improvement of relations and cooperation between the two countries in politics, diplomacy, security, economy, trade, investment, agriculture, information and communication, cultural and tourism, and few other areas."

He said the foreign ministries of the two countries would start discussions and organise the first ever political level consultation next year to cement the bilateral relations and exchange views on regional and international issues of common concern.

"We've agreed to create favourable conditions for the companies of the two countries in the business and investment in the areas like consumer goods production, culture, fishery processing, and telecommunications," the Vietnamese premier said adding that both sides also concurred to facilitate maritime trade and simplification of administrative procedures.

He said Bangladesh has officially recognised the market economy status of Vietnam, which is very important to promote the potentiality of trade and ties between the two nations.

Citing that both the economies of Bangladesh and Vietnam are based on agriculture, Sheikh Hasina stressed that Bangladesh and Vietnam can work together for increasing food production and food processing, thus ensuring food security for both the nations and even supply food and food products to others in the world.

Mentioning that Bangladesh has immense opportunities for business, Hasina invited the Vietnamese investors, distinguished persons and media to visit Bangladesh to see the country's overall progress and its potential to become a regional economic hub.

Earlier, Sheikh Hasina and Nguyen Tan Dung witnessed the signing of agreements and MoUs.

Of the two agreements signed by the two countries, one related to the extension of the MoU between Bangladesh and Vietnam on cooperation in the field of agriculture signed earlier on March 22, 2004 in Dhaka.

Another agreement was signed on the cooperation on establishment of the Bangladesh-Vietnam Business Council between the Federation of Bangladesh Chambers of Commerce & Industry (FBCCI) and the Vietnam Chamber of Commerce and Industry (VCCI). FBCCI president AK Azad and VCCI president Vu Tien Loc signed the agreement on behalf of their respective sides.

Of the remaining two MoUs, one was signed between the Ministry of Agriculture and Rural Development of Vietnam and the Ministry of Fisheries and Livestock of Bangladesh in the field of Fisheries and Livestock.

Another MoU was signed on trade promotion between the Vietnam Trade Promotion Agency (VIETRADE) under the Ministry of Industry and Trade of Vietnam and the Export Promotion Bureau (EPB) of Bangladesh.

Source: UNB

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