Vietnam Trade Delegation Is Completed, Bilateral Trade Volume Will Increase!

Vietnam Section of Tayland & Vietnam Trade Delegation, organized by our Assembly with the coordination of the Ministry of Economy, was held on May 5th, in Ho Chi Minh City. On behalf of our Assembly, our Deputy Chairman Mr. Mustafa Çıkrıkçıoğlu was in the official side.

Vietnam Trade Delegation with around 180 participants from both side, started at 09.30 (local time) with the opening speech of deputy general manager of the Vietnam Chamber of Commerce and Industry (VCCI), Mr. Nguyen The Hung.

Hung briefingly gave general information about trade between the two countries and noted that bilateral political and economic relations between Vietnam and Turkey were not satisfactory. According to Hung, Vietnam and Turkey's current trade volumes do not reflect the trade potential between the two countries and they intend to increase trade volume through such trade delegations.

Hung stated that they were honored to be in cooperation with our Assembly, in commercial relations with Turkey, and added that the business relations, that would be established especially in the agriculture, agricultural machinery, steel and seafood industries, were promising for the next term.

Our head of delegation, Mr. Çıkrıkçıoğlu gave information about our Assembly, its activities, our potential export products and our major sectors. Çıkrıkçıoğlu, who emphasized the imbalance in trade volume, also pointed out bilateral trade would reach the targeted level through such trade delegations. Finally, Çıkrıkçıoğlu, who refer to Vietnam's strategic importance to our country as a member of ASEAN (Southeast Asian Nations), said that reciprocatively, Turkey and Vietnam played a key role in opening up to regional markets in terms of countries' geographical location.

The event continued with B2B meetings after the signing ceremony between our Assembly and VCCI. On the other hand, during the forum, "Turkey Discover the Potential" promotional video was shown continuously.

After the Forum, a private meeting was held between Mr. Çıkrıkçıoğlu and Mr. Hung. In the aforementioned meeting, they gave a common opinion on such issues: positively reflections on bilateral political and economic relations due to fact that historical ties between Turkey and Vietnam, to create a great opportunity for Turkish exporters thanks to abolition of custom duties on agricultural products in Vietnam, arranging a trade delegation in Turkey, as soon as possible. Following the meeting, our Exporters' Associations' Presidents, who are among the participants of the delegation, and Country Manager of Turkish Airlines had a conversation with Mr. Hung.

Finally, it is stated that the visa policy between Turkey and Vietnam were damaging to business relations, bilateral trade could come to much better places in the context of a consensus among the governments.

(The Vietnam Visa policy has made it a mandate for the Turkish citizens to obtain a visa even for the shortest possible trips to Vietnam, be it for any purpose. It is applicable for Vietnamese citizens as well; they need to hold a valid visa to enter into Turkey. Particularly, Vietnam side act very slowly on visa issues.)

Turkey-Vietnam Business Forum, with approximately 140 participants from Vietnamese Side, ended at 14.00 (local time) and it is estimated that 330 B2B meetings were carried out.