Vietnam keen to invest in agri, seafood sectors

20-Dec-2016 Intellasia | | 6:00 AM Print This Post

Ambassador of Vietnam to Pakistan Nguyen Xuan Luu on Saturday said many Vietnamese companies were keen to invest and provide their expertise in various economic sectors of Pakistan, especially in agriculture and seafood with focus on Karachi.

While talking to Federation of Pakistan Chamber of Commerce and Industry (FPCCI) President Abdul Rauf Alam, the ambassador said both countries were enjoying excellent relations but bilateral trade and investment was much lower than the actual potential for which the government and private sector must play their role.

He acknowledged the role of the FPCCI in promoting trade and industry and said Pakistan was a huge consumers market and Vietnam’s business community could benefit from this opportunity. He said Vietnam also could import different items mainly textile, leather and other products for which liberal visa policy, exchange of information, interaction and exchange of delegations was imperative. Speaking on the occasion, the FPCCI president said Pakistan and Vietnam had signed a trade promotion agreement in the third meeting of Joint Trade Commission (JTC) held in August 2015 but it had not helped a lot. The next session of JTC, scheduled in Islamabad, should come up with meaningful ways and means to boost trade, he added.

The FPCCI president said Vietnam Trade Promotion Agency (Vietrade) and Trade Development Authority of Pakistan (TDAP) should improve their efforts in this regard. He said many Vietnamese products were coming to Pakistan via Dubai which showed there were certain impediments which should be tackled.


Category: Business

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