Dhaka needs to improve logistic sector: Vietnam envoy

Vietnam Ambassador to Bangladesh Pham Viet Chien has said Bangladesh needs to develop in the logistic sector like improved port facility having easy loading and unloading processes for boosting the bilateral trade between the two nations.

“Bilateral trade between Vietnam and Bangladesh will boost manifold, once the logistic sector is developed,” he said while a seven-member delegation led by him participated in an interactive business meeting at the Dhaka Chamber of Commerce and Industry (DCCI) auditorium in Dhaka on Wednesday.

He also requested the business community of Bangladesh to send trade delegations to Vietnam for exploring more business opportunities there.

The ambassador laid importance on more export from Bangladesh to Vietnam aiming to reduce the trade gap between the two countries.

Speaking at the event, DCCI President Rizwan Rahman sought technical expertise support from Vietnam to improve industrial capacity and productivity.

Mentioning that Vietnam is the 18th largest import partner and 44th largest export market of Bangladesh, he emphasised the direct flight between Dhaka and Hanoi to boost trade and commerce between the two nations.

The DCCI sought Vietnam’s support to Bangladesh to become a member of the Regional Comprehensive Economic Partnership (RCEP) for the sake of inclusive development and strengthening regional supply chains.

Members of the visiting Vietnamese delegation said that Vietnam can export a good quantity of construction stones, clinker, food and spices.

The Vietnamese entrepreneurs also showed interest to import jute, jute goods and pharmaceutical products from Bangladesh. In FY2020-21, bilateral trade between Bangladesh and Vietnam reached US$ 739.89 million, where export and import was US$ 61.29 and 678.6 million, according to the DCCI.