News Flash
DHAKA, May 14, 2025 (BSS) - Deputy Minister for Ministry of Industry and Trade of Vietnam Phan Thi Thang today underscored the need for removing tariff and non-tariff barriers alongside striking trade accord to boost bilateral trade between Bangladesh and Vietnam.
The Vietnamese Deputy Minister said this while addressing at the Vietnam-Bangladesh Business Forum 2025 organized by the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) at a city hotel today.
Thang led a 16-member Vietnamese business delegation at the Forum.
Citing high business potentials in a good number of sectors like agriculture, tourism, pharmaceuticals, fisheries and ICT, the Vietnamese Deputy Minister said that both countries had imposed high tariffs on the import of products by each country.
In this regard, she cited that the unexplored sectors could have higher potentials if tariff and non-tariff barriers could be removed alongside simplification of transport, communication and logistics systems, said a FBCCI press release.
Thang also emphasised on the exchange of information between the businesses of the two countries side by side strengthening mutual cooperation.
Echoing with the Vietnamese Deputy Minister, Commerce Ministry Additional Secretary Abdur Rahim Khan said that the tariff and non-tariff barriers should be removed side by side simplifying the mode of transaction between the two countries.
While delivering his welcome address, FBCCI Administrator Md Hafizur Rahman said although there is a huge potential for trade and investment between the two countries, but a big chunk of that remained unexplored.
In this regard, he mentioned about some potential sectors like renewable energy, agro-processing, and ICT.
Bangladesh Ambassador to Vietnam Mohammad Lutfur Rahman, Head of Vietnamese Business Association in Bangladesh Do Van Trong spoke, among others, on the occasion.
Among others, FBCCI Secretary General Md Alamgir, former FBCCI Directors Abdul Huq, Nasrin Fatema Awal, Dr Ferdousi Rahman, FBCCI supporting committee members, general body members and other business leaders were present on the occasion.
