Illustrative image (Photo: VNA)HCM City (VNA) –Turkish businesses want to boost export to Vietnam, which posts high and stableeconomic growth and is also a gateway for other countries to access the commonmarket in the ASEAN Economic Community, according to the Turkish Exporters’Assembly (TIM).
At a trade exchange programme in Ho Chi MinhCity on May 5, TIM Deputy Chairman Mustafa Cikrikcioglu said the developmentpotential of Vietnam and Southeast Asia is very big, and this is an opportunityfor Turkish enterprises to expand trade ties with these markets.
Many Turkish companies shared the view thatVietnam and Turkey have different specialised production fields while goodsthey are strong at are not direct rivals to each other, so their businesses caneasily cooperate and support each other.
Vietnam has strength in exporting electronicdevices and components, rubber, fabric, and agricultural products. Meanwhile,Turkey is good at manufacturing, agricultural product processing equipment,mechanics, and machinery which are now in demand in the Southeast Asian nation.
To promote Turkey’s export to Vietnam and mutualinvestment, the TIM will work with the Vietnam Chamber of Commerce and Industry(VCCI) to increase direct contact between the countries’ businesses such as byorganising trade events or participating in exhibitions.
Turkish companies also expressed their hope thatthe two Governments will soon streamline visa granting procedures so thatentrepreneurs can have better conditions to meet and set up long-termpartnerships.
Nguyen The Hung, Deputy Director of VCCI’s HCMCity branch, said Vietnam and Turkey boast sound cooperation in variousspheres, including trade that has been growing strongly in recent years.However, bilateral trade revenue has yet to be on par with potential and isstill dominated by Vietnamese exports.
To foster trade activities, the countries’Governments and business associations should coordinate more closely and devisemore solutions to connect and support their enterprises, he added.
In 2016, bilateral trade reached 1.5 billionUSD, including more than 1.3 billion USD of Vietnam’s shipments. Turkey has 15investment projects with total capital of 704 million USD in Vietnam at present.-VNA
VNA
