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At the Vietnam - Iran Business Forum (April 20th, 2017) hosted by the Vietnam Chamber of Commerce and Industry (VCCI) in cooperation with the Embassy of Iran in Vietnam, more than 20 leading Iranian businesses led by Mr Gholam Hossein Shafei, Chairman of the Chamber of Commerce, Industries and Mines and Agriculture of Iran (ICCIMA) met with Vietnamese businesses led by Dr. Vu Tien Loc, President of VCCI, with an aim to strengthening and developing profoundly the business relationship between Vietnam and Iran.

VCCI President Vu Tien Loc said that the bilateral trade revenue between the two sides is still very modest now, just above US$100 million a year, clearly incommensurate with political and diplomatic relations development between the two nations.

Iran is a big market in the Middle East, which holds huge potential of energy, petrochemical and mining. Its key exports are gas and petrochemical products. Meanwhile, Vietnam - a gateway to ASEAN - is strong in agriculture and exports agricultural and aquatic products, electronic products, plastics and apparels. These two economies can greatly complement each other.

Iran is one of the biggest nations in terms of oil reserves; highly tradable commodities between the two countries include base oil, bitumen, plastic resins, petrochemicals and agricultural products like rubber, tea, rice, or consumer goods and animal feeds. Additionally, Iran possesses an immense sources of seafood that is rich in nutrient and high in value.

According to Mr Gholam Hossein Shafei, the Iranian Government always strives to develop its potential and strengths. Iranian companies also want to boost up trade and investment with Eastern countries, including Vietnam. Vietnam is a dynamic ASEAN member and a good opportunity for Iranian products to penetrate this broad market. With its strategic location in the Middle East, Iran is a good destination for Vietnamese businesses to invest in.

 

 

 

GLOBAL STEEL COMPANY LIMITED
Headquaters: 14/40J Ky Dong Street, Ward 9, District 3, HCMC, Vietnam
Office: Room No.6 - 31st Floor, Park 7, Vinhomes Central Park,
208 Nguyen Huu Canh Street, Binh Thanh District, HCMC, Vietnam
Tel: (84-28) 3910 3000 ----- Fax: (84-28) 3910 5000
Website: www.slm.com.vn ----- Email: slm@slm.com.vn


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