Daily Vietnam News reported on Thursday that at the third session of the Vietnam-Pakistan Intergovernmental Committee, held by the Vietnamese Ministry of Industry and Trade (MoIT) in Hanoi, heads of the Vietnamese and Pakistani delegation informed each other of both the countries’ socio-economic performances in latest years.
Pakistan and Vietnam to Boost Bilateral Cooperation in the Field of Technology
Tariq Bajwa laid emphasis on the Pakistan Government’s desire to sign a privileged trade contract among the two countries, going towards a free trade agreement (FTA) with Vietnam.
Do Thang Hai Vietnamese Deputy Minister for Industry and Trade revealed that both sides must increase delegation exchanges to enhance bilateral engagement while emphasizing the significance of boosting trade promotion programmes and market research.
Both countries must plan orientations for agriculture, finance, and banking cooperation, he added. Do Thang Hai further emphasized that Pakistan needs to boost cooperation with Vietnam in potential fields, particularly technology. Whereas the delegation from Pakistan also added information technology as one of the encouraging cooperation fields with Vietnam.
According to figures from the General Department of Vietnam Customs, trade revenue among Vietnam and Pakistan mounted to $427 million in 2014 from $242 million in 2010. The figure recorded in the January-October period this year, was $475 million, which lead to an annual surge of 40%, and is likely to reach $500 million for the whole year.