DCCI signs MoC with Vietnam to boost trade

Special Correspondent

21 June, 2021 12:00 AM printer

DCCI signs MoC with Vietnam to boost trade

Dhaka Chamber of Commerce and Industry (DCCI) President Rizwan Rahman and Vietnam Ambassador to Bangladesh Pham Viet Chien exchange documents after signing a Memorandum of Cooperation (MoC) at DCCI office in the capital on Sunday.

Dhaka Chamber of Commerce and Industry (DCCI) signed a Memorandum of Cooperation (MoC) with the Embassy of Vietnam in Bangladesh to boost trade and investment.

DCCI President Rizwan Rahman and Ambassador of Vietnam Pham Viet Chien signed the agreement on behalf of their respective sides at DCCI office in Dhaka on Sunday. 

According to the cooperation, both DCCI and Vietnam Embassy will organise B2B match-making, buyer-seller meets, trade fairs, business-promotional activities, promoting goods and services and field visits for research on Bangladeshi market.

Moreover, the Embassy will coordinate with DCCI to set up "Vietnam Desk" at the DCCI office to facilitate cooperation between businesses of Vietnam and Bangladesh.

During the signing ceremony, Ambassador of Vietnam Pham Viet Chien put stress on effective implementation of the cooperation agreement.

He said, “The bilateral diplomatic relation between Bangladesh and Vietnam is very friendly.”

He, however, urged the businessmen of both countries to translate the relationship into strong economic ties.

Emphasising the need of working together, the envoy said, “There are various potential areas where both the nations can join hands together.”  

DCCI president Rizwan Rahman said the bilateral trade of two countries hovers around $650 million which can be enhanced through “mutual cooperation, exchange of business delegation and joint research for new business development.”

Currently, the existing competitive trade and investment ambiance of Bangladesh created a huge dividend for foreign investors.

He called upon the Vietnamese investors of agro and food processing, ship building, electronics, leather, jute, light engineering and handicrafts industries to invest in Bangladesh.

DCCI chief also urged the Vietnam embassy in Dhaka to help investors of Bangladesh with technical know-how and expertise.

Senior vice-president of DCCI NKA Mobin and vice-president Monowar Hossain were also present at the event.