Vietnam team, KCCI hold B2B meetings (The Nation (Pakistan))

A high-powered delegation from Vietnam, led by the Deputy Director General of Africa and South West Asia Department of Vietnam’s Ministry of Trade and Industry, Hoang Duc Nhuan on Wednesday visited Karachi Chamber of Commerce and Industry (KCCI) to hold Business-to-Business (B2B) meetings with their counterparts in Karachi.

Speaking on the occasion, Hoang Duc Nhuan, on behalf of Vietnamese Ministry of Trade and Industry, expressed gratitude to KCCI for organising the B2B session. He said that Pakistan has now become one of the big trade partners of Vietnam. In 2014, the two-way trade volume reached $427 million, of which Vietnam exports stood at $282.6 million and imports valued at $144.8 million, he added.

Vietnamese Deputy DG also underscored the need to exchange delegations at various levels such as those of provincial authorities, commodities associations and Chambers of Commerce and Industry with a view to facilitate interaction between the business communities of the two countries. He also advised the business community to benefit from the experience of Vietnamese companies in the various sectors of the economy including energy, textile and garments, chemicals, mechanics, foods processing and infrastructure development.

Earlier, President KCCI Iftikhar Ahmed Vohra, while expressing satisfaction over improved trade, said that this year, trade between the two countries continues to exhibit growing trend as the trade volume has risen sharply by almost 25 percent this year. However, he underscored the need to make more efforts to further enhance Pakistan-Vietnam trade as the existing trade volume does not depict the actual trade potential.