Photo for illustration (Photo: VNA)

Speaking at the event, VCCI Vice President Doan Duy Khuong said two-way trade between Vietnam and Bangladesh soared to USD813.5 million last year from USD14 million in 2002. The figure reached USD527.8 million in the first eight months of this year, he said.

Vietnam’s exports to Bangladesh are mostly clinker, cement, steel billets, and mobile phones while imports include garment materials, leather, footwear, pharmaceuticals and sesame.

As of April 2019, Bangladesh’s total investment in Vietnam was USD1.18 million. Meanwhile, Vietnam invested in a project worth USD27,900 in Bangladesh which is now placed at 68th out of 72 countries and territories invested by Vietnamese companies.

Bangladeshi Ambassador to Vietnam Samina Naz lauded the event as a good chance for both countries to boost bilateral economic, trade and investment ties.

In order to achieve USD1 billion in two-way trade this year or by 2020, efforts by the two chambers of commerce and industry are necessary, she said.

Chairman of the Bangladesh Metropolitan Chamber of Commerce Hong Kong Limited Fazle Azim said Vietnam and Bangladesh are well-positioned to further promote bilateral ties to a new height.

Participating Bangladeshi enterprises mostly operate in real estate, garment and materials, cement, construction materials, chemicals, minerals, e-commerce, banking, maritime transportation, food and beverages, power generators, and trade./.