Lahore: Annual trade between Pakistan and Vietnam is about 700 million and Vietnamese want to bring it one billion. Economic and trade relations between Pakistan and Vietnam can be further enhanced through market research, information sharing and highlighting opportunities in each other countries said by Pham Hoang Kim, Ambassador Extraordinary and Plenipotentiary of Vietnam during a special meeting held at Federation of Pakistan Chambers of Commerce and Industry Regional office Lahore .
Pham Hoang Kim, Ambassador Extraordinary and Plenipotentiary of Vietnam along with Pham Tri Trung, Commercial Attaché visited Federation of Pakistan Chambers of Commerce & Industry Regional office Lahore to improve bilateral trade.
He said Vietnam Chamber of Commerce and Industry (VCCI) have already signed a Memorandum of Understanding (MoU) with the Federation of Chambers of Commerce and Industry of Pakistan (26/03/2004) during a visit to Pakistan by President Tran Duc Luong.
Pham Hoang Kim, Ambassador Extraordinary and Plenipotentiary of Vietnam said Pakistan has established diplomatic relations with 185 countries, economic-trade relations with 224 countries and territories, strategic partnership with 15 countries, comprehensive /extensive strategic partnership with countries comprehensive partnership with 10 countries
Ch. Arfan Yousaf said Pakistan Vietnam is an important country for Pakistan in ASEAN. The Business Community of Pakistan gives great importance to its relation with Vietnam. He said Pakistan is a nation of great economic importance in South Asia lies at the transportation route connecting Pacific and Indian Ocean to Arabian Sea, close to petroleum region of Middle East and Middle Asia, bridging EU and Middle East with South Asia and South East Asia, a potential market of 200 million customers.
He said Cotton fabrics; accessories for textile, garment & Footwear industries, cotton yarns, Pharmaceuticals products, surgical instruments are Pakistan major exports to Vietnam while we also trade in Tea, Synthetic & Cotton fibers, pepper, iron & steel, fish fillet, rubber Cashew nuts.
Arfan said Pakistan should be seen as an emerging centre of trade for landlocked Central Asia, South Asia, fast-developing Western China and the Gulf — any trade among them has to take place through Pakistan. He said trade delegations between two countries should be exchanged frequently.
Pham Tri Trung, Commercial Attaché said 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.
Waheed Ahmad Vice President FPCCI highlighted the importance of Joint trade fairs and Single Country Exhibitions.