HCMC leader offers green light for Iranian businesses

Friday, 2017-04-21 16:43:50
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NDO – Chairman of Ho Chi Minh City People’s Committee, Nguyen Thanh Phong has committed to ensuring the most favourable conditions for foreign investors, including Iranian businesses.

The city leader made this affirmation at a reception on April 21 for Gholam-Hossein Shafeie, Chairman of Iran Chamber of Commerce, Industries, Mines & Agriculture (ICCIMA), who is on a working visit to Vietnam.

Chairman Phong noted with pleasure that Vietnam-Iran relations have developed fruitfully through visits made by leaders of the two countries, which have also facilitated bilateral trade and investment activities in order to achieve two-way trade value of US$2 billion in future.

As a leading city in cooperation with foreign countries, Ho Chi Minh City will provide possible support for long-term and sustainable operation of Iranian businesses in the city, particularly in fields where Iran holds strong advantages, such as industry, construction materials and high-technology agriculture, he said.

As bilateral trade exchange between Ho Chi Minh City and Iran has not yet fulfilled its potential, Chairman Phong expressed hope for more activities to boost trade and investment with Iran, while consolidating and developing Vietnam-Iran friendship and cooperation.

For his part, the ICCIMA Chairman reaffirmed that Vietnam was a major destination of Iranian businesses, saying that the target of US$2 billion trade was feasible.

Economic and trade cooperation not only helps foster overall development in bilateral ties but also brings practical benefits for each country, since Vietnam is a gateway for Iran to access the ASEAN market, while Iran is a bridge for Vietnam to gain access to Middle East countries, he stated.

Expressing his impressions on the dynamic development of Ho Chi Minh City, Shafeie said that Iranian businesses always rank the city as a major economic hub of Vietnam, adding that they have received much support from the Iranian government to beef up their investment in the city, contributing to economic and trade connections between the two countries.