Vietnam wishes to promote investments in Bangladesh

14:16 | 08/03/2018 Economy

Vietnamese President Tran Dai Quang has emphasised that Vietnam wishes to boost its investment activities in Bangladesh, particularly in areas of telecommunications, information technology, agriculture, oil and gas and the production of consumer goods.

President Tran Dai Quang addressing the forum - Credit: VNA

The President made the remarks while attending the Vietnam - Bangladesh Business Forum, held in Dhaka on March 6, on the last day of his State visit to Bangladesh from March 4-6.

President Quang noted that the economies of Vietnam and Bangladesh share many similarities which can supplement each other and create favorable conditions for the business communities of the two countries to increase their cooperation.

The State leader expressed his belief that the bilateral trade volume between the two countries would exceed US$1 billion this year and US$2 billion by 2020.

He also emphasised that Vietnam will create favorable conditions for the business communities of both countries to promote investment and trade activities for the sustainable development of both sides.

President Quang also introduced the delegates to the outstanding achievements of Vietnam after more than 30 years of renewal, including the GDP growth, FDI attraction, an improved investment environment, competitive investment costs, better transport infrastructure and improved economic and investment policies.

Vietnam has invested in approximately 1,170 projects in 69 countries and territories worldwide, with a total registered capital of over US$20 billion, in various areas including mining, telecommunications, agriculture and forestry, information technology, finance and banking, among others, the Vietnamese President stated.

Theo NDO