Vietnam wants to cooperate with Bangladesh to develop textile and garment value chain

Appreciating Bangladesh for greening the textile industry and maintaining orders in the context of declining orders in other countries, National Assembly Chairman Vuong Dinh Hue hopes that Vietnam and Bangladesh will coordinate to develop the textile value chain on the basis of cooperation, not competition.

National Assembly Chairman Vuong Dinh Hue attended the Policy and Law Forum to promote economic , trade and investment cooperation between Vietnam and Bangladesh. Photo: Doan Tan

On the afternoon of September 22, in the capital Dhaka, National Assembly Chairman Vuong Dinh Hue attended the Policy and Law Forum to promote economic, trade and investment cooperation between Vietnam and Bangladesh , VNA reported.

Speaking at the forum, National Assembly Chairman Vuong Dinh Hue stated: “The National Assembly and Government of Vietnam always strive to perfect the synchronous economic institutions and feasible legal system and accompany businesses, considering the success of the business community as our own success... That is the consistent message we send to the domestic and international business community, including the Bangladeshi business community."

"In the field of trade and economy, Vietnam identifies Bangladesh as an important partner and is currently Vietnam's second largest trade partner in the South Asia region, a potential investment destination for large Vietnamese corporations and enterprises in the future," the National Assembly Chairman emphasized.

National Assembly Chairman Vuong Dinh Hue said that in the current context of the global economy, Vietnam and Bangladesh need to strengthen cooperation, facilitate trade for each other, strengthen connections between businesses of the two countries to maintain existing supply chains, attract capital and technology to develop new industrial supply chains with high added value, strengthen cooperation in agriculture and fisheries (especially rice and food), textiles, construction materials, infrastructure investment, e-commerce and digital economy development, Halal industry development and tourism, etc.

The National Assembly Chairman emphasized that on that basis, the two countries will soon strive to achieve a trade turnover of about 2 billion USD.

Appreciating Bangladesh for greening the textile industry and maintaining orders in the context of other countries' decline, National Assembly Chairman Vuong Dinh Hue hopes that the two countries will coordinate to develop the textile value chain on the basis of cooperation, not competition.

The National Assembly Chairman also suggested that businesses from both sides actively exchange and promote cooperation in the field of agriculture, especially clean agriculture, green agriculture adapting to climate change and aquaculture, including pearl farming and processing.

In particular, National Assembly Chairman Vuong Dinh Hue asked businesses, federations, and chambers of commerce and industry to urge the two countries to soon sign a new memorandum of understanding in the field of agricultural cooperation and extend the memorandum of understanding on aquaculture and livestock cooperation.

National Assembly Chairman Vuong Dinh Hue witnessed the signing ceremony of Memorandums of Understanding (MoUs) between Vietnamese and Bangladeshi enterprises. Photo: Doan Tan

At the forum, National Assembly Chairman Vuong Dinh Hue witnessed the signing ceremony of Memorandums of Understanding (MoUs) between businesses of the two countries, including: Cooperation agreement between BMH Vietnam Company and Doreen Group Bangladesh on investment cooperation, technology transfer and development of pre-engineered steel production; Cooperation agreement between Bangladesh Development Support Company Vietnam and the Bangladesh Pharmaceutical Association on pharmaceutical exchange; contract on establishing a tourism alliance between Huong Giang Aviation Services Joint Stock Company and the Bangladesh Tourism Association.

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