Strengthening trade ties between Vietnam and Belarus

Pham Thi Thu Hang, General Secretary of the Vietnam Chamber of Commerce and Industry (VCCI), noted that Vietnam and Belarus have developed good traditional relations and they have already signed many agreements to increase bilateral cooperation.

Vietnam has always attached importance to boosting cooperative relations with other countries, including Belarus, said Hang.

She went on to say that bilateral economic and trade ties have grown and flourished in recent times, opening up a new chapter in stronger Vietnam-Belarus relations.

According to her, both countries are implementing cooperation projects in many fields, including industry, truck assembly, oil and gas exploration, forestry product processing, education and training, and labour. Belarus has an advantage in industrial development, road and bridge construction, automobile manufacturing, as well as chemical, petrochemical and hi-tech industries.

The VCCI leader said that the current relationship does not match the potential of both sides and that businesses play an important role in moving cooperative relations forward. Vietnam is accelerating reforms and developing infrastructure to attract foreign investment, she added.

Myatlicov Michael Michailovich, Chairman of Belarusian Chamber of Commerce and Industry, said Belarus always pays special attention to developing industries, particularly machinery and chemical manufacturing, petrochemistry, and wood processing.

He expressed hope that Vietnam and Belarus will have successful cooperation in the future given the similarities between the two countries.

Belarus now has trade relations with more than 180 countries around the world. It exports approximately 1,000 types of goods, mostly petroleum, automobiles, agricultural machinery and their spare parts.