VN, Iranian firms urged to accelerate coordination
06/20/2012| 03:25am US/Eastern
VGP - There is still untapped potential for Vietnamese and
Iranian enterprises to further accelerate co-ordination,
the Iranian Ambassador to Vietnam, Hossein Alvandi Behineh
told the Vietnam-Iran Business Forum on June 18 in Hanoi.
Besides trade, the diplomat also said investment, energy,
agriculture, seafood, construction, pharmaceuticals, food,
garments and tourism as promising sectors for bilateral
cooperation between the firms in the coming time.
Insufficient information about each other's economy and
trade and a lack of understanding remain major challenges for
the two countries' businesses to enhance co-ordination,
said S Seyed Babaei, managing director of Iranian ENN
Complex, which provides consultancy and training services for
Currently, many Vietnamese goods are imported to the Iranian
market through intermediary companies. Thus, direct sharing
of business opportunities is necessary, the director cum the
head of the Iranian business delegation said.
Another delegation of large Iranian companies will come to
Vietnam late this year to seek opportunities in the country,
he said, calling for a similar move from the Vietnamese
Le Thai Hoa, Deputy head of the Ministry of Industry and
Trade's Southwest Asian and African Market Department
agreed that accelerating the exchange of business delegations
and organizing business forums are necessary for closer
Conducting market surveys in each country and carrying out
trade promotion activities should also be included, he said.
He encouraged firms to make use of existing channels for
information on the business environments and opportunities,
such as chambers of commerce and industry, embassies, and
other trade promotion institutions of both sides, as well as
take initiatives to participate in trade fairs and
exhibitions in each country.
The bilateral economic relations between the two nations have
developed significantly over the past years. Two-way trade
hit US $186 million last year and US $52 million in the first
five months of this year.
Among Vietnam 's key exports to Iran are tea, seafood,
steel, machinery and rubber.