Update March 23, 2015

Dhaka 6-58 am, 20-September, 2020

Vietnam shows interest to invest in Bangladesh’s farm sector

Sumel Sarker

agri

Vietnam shows interest to invest in farm sector and scale up Bangladeshi medicine imports

23 March 2015, Nirapad News: Vietnam said Saturday it would scale up imports of Bangladeshi medicines and showed its interest to invest in Bangladesh’s agriculture sector.

The commitment came at a meeting between Commerce Minister Tofail Ahmed and the visiting Vietnamese Vice- Minister for Trade and Industries Hoang Quaoc Vuong at the ministry of commerce (MoC) at Bangladesh Secretariat on the day.

Bangladesh and Vietnam have been maintaining good relations. Both the countries are members of the Asian Trade Promotion Forum (ATPF), facilitating both countries for transactions of their mutual trade.

Bangladesh mainly exports pharmaceutical products, raw hides and skin, fish, edible vegetables, coffee, tea, mats and spices, tobacco and manufactured tobacco substitutes. The country imports salt, sulphur, earths and stone, plastering materials, lime and cement, man- made filaments, iron and steel and fertilizer.

Bangladesh shipped pharmaceuticals worth US $ 4,767,339.72 during the fiscal year (FY) 2013-14 to Vietnam.

From July- Jan of the current fiscal, Bangladesh exported goods worth US $ 32.77 million to Vietnam and imported goods worth $ 318.4 million. The country exported goods worth $ 55.96 million while imported goods worth $ 582.20 million during the FY 2013-14.

After the meeting commerce minister Tofail Ahmed told journalists that Bangladesh has the potential to increase its export to Vietnam.

The country could increase its shipment to Vietnam by exporting vegetable products, prepared foodstuffs, raw jute, shrimps, cast iron articles, plastic hanger, polyester thread, ferry boat and camera parts.

Replying to a question, he said the BNP had made a big mistake as it did not take part in January 05, 2014 elections.

“They (BNP) should participate in the upcoming city corporation elections for their betterment,” he said.

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