Vietnam wants to boost bilateral trade ties with Pakistan: Ambassador

Staff Reporter

Ambassador of Vietnam in Pakistan, Mr. Nguyen Tien Phong has said that Pakistan has plenty of natural resources with good prospects for better economic growth and Vietnam wanted to further boost bilateral trade ties with it.

He said that Vietnam and Pakistan have great potential to complement each other’s economy by developing close economic cooperation.

Interacting with the business community during his visit to the Islamabad Chamber of Commerce & Industry on Saturday, he said that Pakistan was producing some good quality products including pharmaceuticals, surgical instruments, onyx and it has great scope to enhance its exports to Vietnam as our country welcomed competitive products in its market.

He said that Vietnam’s annual imports were around USD 300 billion and Pakistani entrepreneurs should make strong efforts to get better market share in the Vietnamese market.

Mr. Nguyen Tien Phong said that Vietnam and Pakistan were discussing a preferential trade agreement that would help improve bilateral trade volume between the two countries.

He said that Vietnam could export hybrid vehicles to Pakistan and added that both countries should sign an investment agreement to attract investors of each other country.

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