Turkiye, Vietnam agree to raise two-way trade to $4 bn

30 Nov '23

1 min read

Pic: Adobe Stock

Insights

Turkish vice president Cevdet Yilmaz and visiting Vietnamese Prime Minister Pham Minh Chinh recently agreed in Ankara to expand economic cooperation to raise two-way trade to $4 billion.
Hanoi feels this can be achieved by opening up markets for agricultural products and goods, signing a free trade agreement and raising the frequency of flights.

Turkish vice president Cevdet Yilmaz and visiting Vietnamese Prime Minister Pham Minh Chinh recently agreed in Ankara to expand economic cooperation to raise two-way trade to $4 billion.

This can be achieved by opening up markets for agricultural products and goods, signing a free trade agreement and increasing the frequency of flights between the two countries, the Vietnamese government said on its website.

Both the leaders witnessed the signing of a memorandum of understanding on bilateral cooperation in agriculture and forestry.

Turkey considers Vietnam one of its priority partners in the Association of Southeast Asian Nations (ASEAN) region, particularly in economy, trade, investment, defense and security, and tourism, Yilmaz affirmed.

Both sides agreed to continue consolidating and promoting relations and cooperation.

Yilmaz accepted Vietnam’s invitation to pay an official visit to the latter next year.

ALCHEMPro News Desk (DS)

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