Vietnam keen to bolster cooperation with Iran

Vietnam and Iran have not fully tapped their cooperation potential so the political determination of the two countries’ leaders and businesses is needed, President Sang noted.

He underlined the need to find solutions to financial and banking issues to help businesses deal with their partners.

"Once Vietnam’s free trade agreements (FTAs) come into force in 2018, Vietnam will be a gateway to a market of more than 4 billion consumers and this will be a good opportunity for Vietnam-Iran cooperation. In its development policy, Vietnam wants to boost mutually beneficial cooperation with Iran. We hope that in Iran’s look East strategy and policy, Vietnam will be the first destination. 

We are confident that we can be a reliable partner with a stable and profitable business and investment environment. Vietnamese ministries and sectors should work out incentives to encourage Iranian businesses to invest in Vietnam and vice versa,” he said.

President Sang witnessed the signing of a memorandum of understanding (MoU) on cooperation between the State Bank of Vietnam (SBV) and Iran’s Central Bank and another between the Vietnam National Oil and Gas Group and Iran’s Ghadir Holding Company.

The same day, the Vietnamese State leader also received Kamal Sajjadi, President of the Iran-Vietnam Friendship Association.