Bangladesh can export jute, jute goods and pharmaceutical products to Vietnam in large quantity in a bid to reduce trade gap between the two countries.
Ambassador of Vietnam to Bangladesh Pham Viet Chien said this when he led a seven-member delegation in a meeting with the leaders of the Dhaka Chamber of Commerce and Industry (DCCI) at the DCCI auditorium on Wednesday.
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.
Pham Viet Chien said that they want Bangladesh to export more to Vietnam for reducing the existing trade gap.
Chien said several Vietnamese companies are still in operation in Bangladesh and they are doing well.
He said the bilateral trade between Vietnam and Bangladesh would boost manifolds, but for that Bangladesh needs to develop 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, said a press release.
DCCI President Rizwan Rahman said Vietnam is the 18th largest import partner and 44th largest export market of Bangladesh.
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.
