To strengthen bilateral trade and economic relationship between Vietnam and Bangladesh, a 35-member business delegation of Dhaka Chamber of Commerce & Industry (DCCI) under the leadership of its President Ashraf Ahmed left Dhaka today on 4th of August, 2024 for a 5-day trip to Vietnam.
The delegation is composed of broad spectrum of exporters, importers, manufacturers and entrepreneurs encompassing financial services, agro and food-processing, tourism, healthcare, chemical, ceramic, information technology, logistics, textiles and other manufacturing industries.
DCCI President Ashraf Ahmed is heading one if the largest private sector-led business delegations to Vietnam in recent years with a priority to strengthen the bilateral business ties with the Vietnam.
The delegation, during their visit to this Southeast Asian country, will try to explore new window of opportunity in terms of diversified export, both way trade, investment and boosting regional connectivity.
Bangladesh, the intersection between South Asia and Southeast Asia, can be one of the most attractive markets for Vietnamese investors. Bolstering bilateral trade with Vietnam will provide Bangladesh access to new markets, especially with the members of ASEAN.
Bilateral trade between Vietnam and Bangladesh has yet to reach its full potential despite it is increasing trend. The bilateral trade between Bangladesh and Vietnam in 2022-23 was only USD 1.10 billion. Bangladesh’s export to Vietnam was USD 96.22 million against the import of USD 1.01 billion.
There are many opportunities for commerce between Vietnam and Bangladesh as both countries work to grow their economies. In recent times, Vietnam has shown keen interest to improve its commercial and trade links with Bangladesh, which will create a win-win situation for the countries in the domain of bilateral trade and investment.
