KARACHI: Irfan Iqbal Sheikh, President FPCCI has said that there is a huge but untapped potential exists to expand bilateral trade and investments between Pakistan and Vietnam. He said that Pakistan in international relations needs cooperation with industrially-advanced nations so that the dream of rapid industrialisation, import substitution and value-added exports can be materialised.

It is pertinent to note that a high-level Pakistani trade delegation visited Hanoi, Vietnam along with the President of Confederation of Asia-Pacific Chambers of Commerce & Industry (CACCI), Peter Mc Mullin and Pakistan was represented by Khurram Tariq Sayeed, Vice President, Confederation of Asia-Pacific Chambers of Commerce & Industry (CACCI) and a former VP FPCCI.

During the visit, the delegation called upon various government ministries of Vietnam; chambers of commerce; diplomats and private sector entities to gain first-hand knowledge of the business environment and policies of Vietnam.

In order to study the Vietnamese market and gain access for country’s exports, Pakistani delegation held important meetings and discussions with Tran Quoc Phuong, Deputy Minister, Ministry of Planning & Investment, Tran Thanh Nam, Deputy Minister, Ministry of Agriculture & Rural Development, Pham Tan Cong, Chairman and President, Vietnam Chamber of Commerce & Industry, Vu Ba Phu, Director General, Vietnam Trade Promotion Agency of Ministry of Industry & Trade, HE Samina Mehtab, Ambassador Extraordinary & Plenipotentiary, Islamic Republic of Pakistan and HE Andrew Goledzinowski, Ambassador of Australia in Vietnam.

Khurram Tariq Sayeed apprised the business, industry and trade community of Pakistan that his delegation was given briefings on the policies being implemented in Vietnam to promote trade.

The delegation also visited various industrial parks and zones to explore various incentives being offered by the Vietnam Government to attract investment.

Copyright Business Recorder, 2023