Iran, Vietnam set $2B trade target
Baku, Azerbaijan, July 16
By Fatih Karimov – Trend:
Iran and Vietnam are determined to increase the value of trade turnover up to $2 billion, the Islamic Republic’s Industry, Mine and Trade Minister Mohammad Reza Nematzadeh said.
Nematzadeh made the remarks at a meeting with Vietnamese Minister of Agriculture and Rural Development Novin Son Kong in Tehran, the Industry, Mine and Trade Ministry’s official SHATA news portal reported.
Nematzadeh said that the mutual trade between the two countries has experienced a rise by 120 percent in last four years.
The Iranian official further said that Iran’s export development fund has allocated $270 million for boosting ties with the Asian country.
Areas like fisheries, agriculture and pest control are good fields for developing mutual relations, he said, adding that joint investment in industrial, mining, commercial and tourism areas as well as petrochemicals and related sectors are considered as very good options for boosting ties.
Nematzadeh also said that Iran seeks to launch direct Tehran-Hanoi flights.
In March 2016, Vietnamese President Truong Tan Sang visited Iran with a big delegation.
During the official visit, the two countries signed a number of agreements and unveiled plans to boost the annual bilateral trade up to $2 billion in five years.