News ID: 213396
Published: 0309 GMT April 17, 2018

Vietnam, Iran hold huge potential for cooperation

Vietnam, Iran hold huge potential for cooperation

There are plenty of room for Vietnamese and Iranian enterprises to cooperate in the fields of oil and gas, petrochemicals, port, information and technology, telecommunication and tourism, said Speaker of Iran's Parliament Ali Larijani.

Speaking at the Vietnam-Iran Business Forum in Hanoi on Tuesday, the Iranian Parliament speaker underlined that fruitful bilateral relations will serve as a catalyst to bolster trade cooperation and investment between the two nations, VNA reported.

Iranian market, he added, needs to import seedlings, vegetable oil, rice and materials for producing paper.

Leaders of the two countries are working to remove bottlenecks in payment and granting visa, said Larijani, hoping that the move will contribute significantly to promoting two-way trade.

Representatives from the Iranian delegation said that Iran has an effective policy to attract foreign investment. The country set up six free trade zones, which offer free corporate tax for investors within 15 years together with other preferential treatment.

Notable characteristics of the Iran market, leading enterprises and visa policy for investors to the southwest Asian country were discussed at the event.

Larijani is heading an Iranian Parliament delegation on a four-day (Monday-Thursday) official visit to Vietnam at the invitation of National Assembly Chairwoman Nguyen Thi Kim Ngan.

The Vietnam-Iran Business Forum was organized within the framework of his visit.

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