FPCCI, Vietnam vow to promote bilateral trade

Islamabad, The Gulf Observer: Federation Pakistan Chamber of Commerce and Industry (FPCCI) and Vietnam agreed for enhancing the bilateral trade and economic ties to further boost the trade and investment volume between both sides.
Nguyen Tien Phong, Ambassador of the Socialist Republic of Vietnam to Pakistan called on President Irfan Iqbal Sheikh, Vice President FPCCI, Amin Ullah Baig, Chairman Coordination Mirza Abdul Rehman, Vice President SAARC CCI, Senator Haji Ghulam Ali, & others and visited the Federation of Pakistan Chamber of Commerce and Industry (FPCCI). They emphasized increased interaction at the government and private sector levels to boost the trade between Pakistan and Vietnam as there is big untapped potential in many sectors.

 Irfan Iqbal Sheikh President of FPCCI has expressed his desire to elevate and expand bilateral trade relations between Pakistan and Vietnam; as there is untapped potential in a number of sectors and that can result in exponential growth in trade.
Pakistani Black Papper, pharmaceutical products and lots of other Pakistani products have big market and demand as well in Vietnam.

He also emphasized that Vietnam should consider investing in smartphone and computer chips, parts and accessories in Pakistan as Vietnam is one of the most advanced large-scale producers in the sector.
Nguyen Tien Phong, Ambassador of the Socialist Republic of Vietnam to Pakistan said that both countries enjoy excellent relations but bilateral trade and investment was much lower than the actual potential for which the government and private sector must play its role.
 He acknowledged the role of FPCCI in promoting trade and industry and said that Pakistan is a huge consumer market and Vietnam’s business community can benefit from this opportunity.

He said that China Pakistan Economic Corridor is project of huge potential and there is huge opportunity for investors to investment in mega project. Vietnam has good expertise in producing hydropower and it could cooperate with Pakistan in this field.
 He said Pakistani pharmaceutical products, black pepper and many other products have good demand in Vietnamese market.