Turkey promotes trade ties with Vietnam
(VOV) - Ho Chi Minh City hosted a June 7 trade exchange helping Vietnamese and Turkish businesses arrange investment opportunities in fields such as electricity, electronics, and information technology.
Faith Kemal Ebielioglu—President of the Istanbul Electrical, Electronics, Machinery, and Information Technology Exporters' Association (TET)—said the event is part of the association’s activities designed to expand its members’ global reach and develop cooperative relations in the international market.
Along with introducing recent advances in the fields of electricity, electronics, and information technology, the Turkish delegation will survey the Vietnamese investment environment and encourage trade relations between the two nations’ business communities for mutual benefit.
Vo Tan Thanh, a branch director of the Vietnam Chamber of Commerce and Industry (VCCI) in HCM City, said Turkey is a potential Vietnamese export market and can supply materials used by many of the country’s industries like steel ingot, construction materials, cotton, chemicals, and electronics.
The Governments and business communities of both nations have been urged to make greater efforts at future cooperation. An agreement on aviation, promoting investment, and avoiding double taxation to be signed soon between the two nations will help further foster bilateral trade ties.
Vietnam’s 2012 export turnover to Turkey totalled US$862.727 million, up 11 percent compared to 2011’s figure. In the first three months of this year, the country’s exports earned US$219.25 million from the Turkish market—up nearly 19 percent against the previous year.
Vietnam’s key export commodities bought by Turkey include fabrics, telephones and components, plastics, and rice. Its major imports are pharmaceutical and chemical products.