Turkish PM’s visit to Vietnam aims at stronger bilateral ties

At the meeting the two sides discussed a wide variety of cooperative topics including diplomacy, trade, industry, tourism and climate change, among others. Turkey is the 17th largest economy in the world and the gateway to Europe, the Middle East and North Africa. Two-way trade turnover between Vietnam and Turkey has developed rapidly to reach US$636 million in 2010 and Turkey is now one of Vietnam’s key commercial partners and the country’s biggest export market in Western Asia. The two sides agreed to strengthen the exchange of information, delegations and experiences on socio-economic management and development, and encourage businesses to attend fairs and exhibitions in both countries, as well as other trade, investment and tourism activities. On the occasion, the Vietnam Ministry of Industry and Trade and the Vietnam Chamber of Commerce and Industry (VCCI) held a forum on Vietnam-Turkey trade and investment which drew the participation of 40 Turkish businesses.... [read more]

Receiving Turkish Deputy Prime Minister and Minister of State Bulent Arinc in Hanoi on February 22, PM Dung said the Vietnamese government will facilitate Turkish businesses’ investment in Vietnam. Vietnam and Turkey are seeking measures to raise bilateral trade to US$2 billion in several years to come from the current US$800 million, he said. PM Dung spoke highly of the signed cooperation deal on technical standard and agreements on the avoidance of double taxation and investment protection between the two countries. He also asked the Turkish government to consider the removal of anti-dumping taxes on some goods imported from Vietnam and expressed his belief that the Vietnam-Turkey friendship will be more fruitful in all fields. Deputy PM Bulent Arinc, who is in Vietnam to attend the fifth session of the Vietnam-Turkey Joint Committee on Trade and Economy, said he was pleased to see the development of bilateral ties in recent times, especially in trade, tourism, culture, adding that the joint committee is making efforts to map out cooperation orientations in future. Many Turkish enterprises want to invest in Vietnam and enjoy favourable conditions on Vietnamese government’s investment procedures, the Deputy PM said. He also said that Turkey will tackle the issue of anti-dumping taxes on Vietnamese imports in accordance with WTO regulations. The same day, Deputy PM and Foreign Minister Pham Gia Khiem had a meeting with his Turkish counterpart Bulent Arinc, during which he revived fond memories of his visit to Turkey in June 2009. Deputy PM Khiem expressed…... [read more]

The agreement was reached at the fourth session of the Vietnam-Turkey Joint Committee held recently in Ankara. The two sides agreed to accelerate negotiations over the signing of agreements on double tax avoidance and investment encouragement and protection while preparing for negotiations over air and sea transport agreements. The Turkish side suggested negotiating an air transport agreement at the International Civil Aviation Organisation (ICAO) Conference in Dubai from November 24 - 27. They also agreed to sign a cooperation agreement between the Vietnam Chamber of Commerce and Industry (VCCI) and Turkey’s Federation of Chambers of Trade and Industry and Goods Transaction Exchange and a number of additional agreements relating to culture, sports and tourism. Two-way trade between Vietnam and Turkey increased from US$243 million in 2007 to an estimated US$500 million this year. The Vietnamese delegation led by Minister of Industry and Trade Vu Huy Hoang also attended the fourth session of the Vietnam-Egypt Joint Committee held in Cairo. The Egyptian side made several proposals aimed at boosting bilateral cooperation in trade, seafood, renewable energy, oil and gas, pharmaceuticals, IT and tourism. The two sides signed a number of cooperation agreements covering oil and gas, tourism, small-sized business development and the organisation of forums and fairs. They agreed to continue their negotiations over the signing of several banking and sea transport cooperation agreements. Two-way trade between Vietnam and Egypt reached US$112 million in 2007, doubling the previous year’s figure. The figure is expected to amount to US$200 million in 2008…... [read more]

By Thu Nguyet - The Saigon Times Daily HCMC – Vietnam and Turkey discussed potential cooperation in multiple areas at a two-day joint committee meeting that ended in Hanoi on Wednesday. Vietnam’s delegation headed by Minister of Industry and Trade Vu Huy Hoang and the Turkish mission led by Turkish Deputy Prime Minister Bulent Arinc joined the fifth session of the Vietnam-Turkey Joint Committee on Trade and Economy. According to the South West Asia and Africa Market Department under the Ministry of Industry and Trade, the two countries agreed on cooperation in fields such as diplomacy, commerce, industry, agriculture, science and technology, environmental protection and climate change adaptation. Le Thai Hoa, vice director of the department, told the Daily via phone on Wednesday that Vietnam and Turkey were completing technical issues to sign agreements on investment encouragement and avoidance of double taxation. Vietnam is finishing procedures for an aviation agreement which is expected to be signed soon. “The contents of cooperation in aviation have been basically agreed on by both sides. Turkey is ready for the signing. The agreement was previously expected to be signed at this meeting but Vietnam has yet to complete its procedures,” he added. As part of the meeting, the Directorate for Standards and Quality of Vietnam (STAMEQ) on Wednesday singed a memorandum of understanding on cooperation in technical standards with the Turkish Standards Institute. Prime Minister Nguyen Tan Dung said at the meeting on Tuesday that Vietnam would create good conditions for Turkish companies to…... [read more]

"Vietnam and Turkey necessarily strengthen cooperation to facilitate companies of both sides to seek and expand business and investment opportunities. The Turkish Government is ready to create all favourable conditions for Vietnamese businesses to invest in Turkey," H.E. Bülent Arinç, Deputy Prime Minister and State Minister of Turkey said at the Vietnam - Turkey Investment and Trade Conference. The event was held on February 22-23, 2011 in Hanoi by the Ministry of Industry and Trade and the Vietnam Chamber of Commerce and Industry (VCCI) on the occasion of the fifth meeting of Vietnam - Turkey Joint Committee. A delegate of nearly 30 Turkish businesses attended the meeting. Visitors are mainly operating in construction, building materials, machinery, steel, cement, automobile, motorcycle, parts, garment, electrical appliance, electronics, tourism, financial service, insurance, mining, petroleum, furniture, supermarket chain, diamond, jewellery, food, cooking oil, education, office equipment, souvenir, import and export, etc. Target of US$1 billion of export turnover in 2011 According to Deputy Minister of Industry and Trade Tran Tuan Anh, friendly and cooperative relations between Vietnam and Turkey are progressing beautifully. The two sides have exchanged high-ranking ministerial visits and business delegations. The two sides are negotiating and completing necessary procedures to sign Agreement on Investment Encouragement and Protection, Agreement on Double Tax Avoidance and Agreement on Aviation. Recently, Turkish Airlines opened a direct flight route from Istanbul to Ho Chi Minh City to facilitate citizen travelling and commercial activities between two countries. Currently, Turkey is one of Vietnam's largest trade partners in…... [read more]

(VEN) - The fifth session of the Vietnam-Turkey Joint Committee for Economy and Trade took place in Hanoi on February 22-23, 2011. The Vietnamese delegation consisted of representatives from concerned ministries and sectors, headed by Minister of Industry and Trade Vu Huy Hoang. The Turkish delegation was comprised of officials from the Turkish Government, led by Bulent Arinc, the Turkish Deputy Prime Minister and State Minister. The fifth session of the joint committee between the two governments was organized in circumstances when economic and trade relations between the two countries are expanding. At the session, in the atmosphere of friendship and mutual understanding, the two sides discussed and agreed on important contents of cooperation programs in order to further promote the friendly relationship and multifaceted cooperation, especially in fields such as diplomacy, trade, industry, agriculture, science and technology, information and communication, investment, finance, transportation, construction, culture, tourism, environment protection and coping with climate change. Turkey is the world's 17th largest economy and a gateway to Europe, the Middle East and North Africa. In the recent period, trade between Vietnam and Turkey grew rapidly and on a stable basis. Turkey is an important trading partner and the largest export market of Vietnam in the West Asian region. Cooperation between the two countries in fields such as agriculture, investment, finance and banking, transportation and security has been expanded.  To further promote the friendship and multifaceted cooperation between Vietnam and Turkey, the two sides agreed to increase the exchange of information and visits…... [read more]

(VEN) - Addressing the Turkey -Vietnam Investment and Trade Seminar held by the Vietnam Chamber of Commerce and Industry (VCCI) and concerned parties of the two countries on the 22nd of February 2011 in Hanoi, Vietnamese Deputy Minister of Industry and Trade Tran Tuan Anh emphasized the great potential for economic co-operation between Vietnam and Turkey. Vietnamese Turkish businesses should proactively share information, maintain positive relations, discuss specific cooperation and implement agreements while taking the initiative in undertaking market research to discover new economic opportunities. He affirmed that ties between the two countries are fast developing and that turkey is Vietnam's largest export market in the West Asia region. In 2010, bilateral trade reached US$636 million, up 49 percent compared to 2009 including US$528 million worth of Vietnam's exports to Turkey. Cooperation between the two countries in fields such as agriculture, industry, investment, finance and banking, science and technology, construction, and culture has not yet reached the two sides expectations and potential. To further promote the friendship and multifaceted cooperation between Vietnam and Turkey, the two countries are accomplishing related negotiations and necessary procedures to enable an early signing of the Agreement of Encouragement and Investment Protection, the Agreement of Double Taxation Avoidance and an Aviation Agreement. During the fifth session of the Vietnam-Turkey Joint Committee, representatives from both sides signed a memorandum of understanding on cooperation in the field of standardization. Recently, Turkish Airlines opened a direct flight route between Istanbul and HCM City, facilitating travel and trade exchange…... [read more]

The 5th Meeting Session of the Vietnam - Turkey Joint Committee will be held in Hanoi from February 22 to 23, 2011. Mr Bülent Arinç, Deputy Prime Minister and State Ministers of Turkey, will lead a delegation of 50 Turkish large businesses operating in the fields of construction materials, machinery, steel, cement, automobile industry, accessories, apparel, electronics, supermarket chains, jewellery etc. to attend the Meeting Session of the Joint Committee and seek business cooperation with Vietnamese partners. To promote economic and commercial cooperation and create more favourable conditions for Vietnamese and Turkish companies to meet, exchange information, seek partners and survey markets, the Vietnam Chamber of Commerce and Industry (VCCI) will coordinate with the Federation of Businessmen and Industrialists of Turkey to host a Seminar on Vietnam - Turkey Trade and Investment." Companies interested in this event may directly contact with Ms Chau, International Relations Committee, VCCI. Tel: 84 4 5742022 / ext. 203 Fax: 84 4 5742020 Email: [email protected]... [read more]

Vietnam is willing to cooperate with Turkey to boost trade relations between the two countries, Prime Minister Nguyen Tan Dung has affirmed. Receiving Turkish Deputy Prime Minister and Minister of State Bulent Arinc in Hanoi on Feb. 22, PM Dung said the Vietnamese government will facilitate Turkish businesses' investment in Vietnam . Vietnam and Turkey are seeking measures to raise bilateral trade to 2 billion USD in several years to come from the current 800 million USD, he said. PM Dung also spoke highly of the future signing of a cooperation deal on technical standard along with agreements on the avoidance of double taxation and investment protection between the two countries. He also asked the Turkish government to consider the removal of anti-dumping taxes on some goods items imported from Vietnam with the aim of boosting bilateral cooperation. The PM expressed his belief that with the efforts by both countries, the Vietnam-Turkey friendship would be more fruitful in all sectors. Deputy PM Bulent Arinc, who is in Vietnam to attend the fifth session of the Vietnam-Turkey Joint Committee on Trade and Economy, said he was pleased to see the development of bilateral ties in the recent past, especially in trade, tourism, culture, adding that the joint committee is making efforts to build cooperation orientation in the coming time. Many Turkish enterprises want to invest in Vietnam and enjoy favourable conditions on investment procedures created by the Vietnamese government, the Deputy PM said. He also said that Turkey would deal with…... [read more]

A Vietnamese delegation led by the Minister of Industry and Trade, Vu Huy Hoang, attended the fourth sessions of the Vietnam-Turkey and Vietnam-Egypt Joint Committees from November 2-12. At the session of the Vietnam-Turkey Joint Committee, which took place in Ankara , the two sides agreed to create an action plan for 2008-2010 that will focus on strengthening bilateral trade and investment promotion activities in an effort to increase two-way trade to 1 billion USD by 2010. The two sides also agreed to accelerate negotiations over the signing of agreements on double taxation avoidance and investment encouragement and protection while preparing for negotiations over air and sea transport agreements. The Turkish side suggested negotiating the air transport agreement during the International Civil Aviation Organisation (ICAO) Conference in Dubai between Nov.24 - 27. The two sides consented to the signing of a cooperation agreement between the Vietnam Chamber of Commerce and Industry (VCCI) and Turkey's Federation of Chambers of Trade and Industry and Goods Transaction Exchange and a number of additional agreements relating to culture, sports and tourism. Two-way trade between Vietnam and Turkey increased from 243 million USD in 2007 to an estimated 500 million USD in 2008. Vietnam's export turnover to Turkey is expected to reach 350 million USD in 2008 compared with 202 million USD last year. At the session of the Vietnam-Egypt Joint Committee in Cairo, the Egyptian side made several proposals aimed at boosting bilateral cooperation in the fields of trade, seafood, renewable energies, oil and…... [read more]




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