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Bangladesh-Vietnam Second Joint Trade Committee Meeting held

The second meeting of Bangladesh-Vietnam Joint Trade Committee (JTC) held is Hanoi, Vietnam. The two sides discussed trade and investment issues and identified 11 priority areas including agricultural trade, pharmaceutical exports from Bangladesh, Vietnamese investment in Bangladesh’s Special Economic Zones, ICT sector cooperation, bilateral cooperation in textile and garments sector, trade in Halal products, trade in software services, direct air link, promotion of trade in jute and jute goods, banking sector cooperation and tourism sector cooperation (including Buddhist tourism).

Secretary, Ministry of Commerce, Government of Bangladesh Dr. Md. Jafar Uddin and Mr. Cao Quoc Hung, Deputy Minister for Industry and Trade, Government of Vietnam led the respective sides in the JTC meeting. Both sides agreed to work closely to enhante the volume of bilateral trade to $2 billion by the year 2021 which is presently worth nearly $1 billion.

Bangladesh requested the Vietnam side to send delegations to visit Bangladesh and gain first hand experience about the pharmaceutical industry, Hi- tech parks and Special Economic Zones in Bangladesh.

Bangladesh side also requested Vietnam to assist Bangladeshi potato exporters to enter Vietnamese markets by completing the SPS registration process.

The Vietnamese side responded affirmatively to Bangladesh’s request. Vietnam suggested that in case of future requirement, Bangladesh may import quality rice from Vietnam in fulfilment of the existing MoU on rice import from Vietnam.

Both sides recognized the high potential of tourism sector to flourish and in that respect viewed that direct air link between the two countries can hugely contribute.

It was agreed that private sector airlines operators between the two countries would be encouraged to assess the market and introduce flights. Bangladesh requested Vietname to ease the visa process for Bangladeshi tourists specially business-people.

To ease business transaction, both sides agreed to encourage commercial banks to open branches in each capital. Two sides agreed to constitute Joint Business Council comprising apex business bodies of both countries.

The Commerce Secretary also called on Vice President of the Vietnam Chamber of Commerce and Industry (VCCI) Mr. Doan Duy Khuong at the VCCI office and requested for more cooperation at B2B levels and sought interventions of VCCI.

Bangladesh Ambassador to Vietnam Ms. Samina Naz and Mr. MJH Jabed, Director General (South East Asia), MOFA, attended the JTC meeting as members of Bangladesh delegation.

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