The Dhaka Chamber of Commerce and Industry (DCCI) and the embassy of Vietnam in Bangladesh have signed a memorandum of cooperation to foster trade and investment between the two countries.
DCCI President Rizwan Rahman and Vietnam Ambassador Pham Viet Chien inked the agreement at the chamber's office in Dhaka yesterday, said a press release.
According to the cooperation agreement, both the DCCI and the embassy will organise business-to-business match-making, buyer-seller meets, trade fairs, business promotion activities, promotion of goods and services, and field visits to research the Bangladeshi market.
The embassy will coordinate with the DCCI to set up the 'Viet Nam Desk' at the chamber to facilitate cooperation between businesses of Vietnam and Bangladesh.
Rahman said the bilateral trade hovered around $650 million, which could be enhanced through cooperation, exchange of business delegation, and joint research for new business development.
"At present, the existing competitive trade and investment environment of Bangladesh has created a huge dividend for foreign investors."
Rahman called upon Vietnamese investors in the agro- and food-processing, shipbuilding, electronics, leather, jute, light engineering and handicrafts sectors to invest or make joint ventures in Bangladesh.
He also urged the embassy to facilitate investors of Bangladesh with technical know-how and expertise.
Vietnam Ambassador Pham Viet Chien called for the effective implementation of the cooperation agreement.
He described the bilateral relation as friendly and urged the businessmen of both countries to transform it into strong economic ties.
"There are various potential areas where both nations can join hands together," the envoy said.
DCCI Senior Vice President NKA Mobin and Vice President Monowar Hossain were also present.