Ample room remains for Vietnam - Belarus trade cooperation
To further develop the Vietnam-Belarus economic and trade relationship, it is essential to enhance trade promotion and investment initiatives such as trade fairs, forums, thematic workshops, and trade connections, which serve as an important bridge for businesses from both sides to meet, connect, and seek cooperation opportunities.
Belarusian Deputy Prime Minister Anatoly Sivak speaks at the forum. (Photo: VNA)
Hanoi (VNA) – A Vietnam-Belarus business forum was held in🔯 Hanoi on April 2, aiming to promote economic and trade cooperation between the two countries.
The forum was organised by the Trade Promotion Agency under the Ministry of Industry and Trade (MoIT), the National Marketing Centre of Belarus under the Ministry of Foreign Affairs of Belarus, and the Belarusian Embassy in Vietnam within the framework of the Vietnam International Trade Fair (Vietnam Expo 2025).
Speaking at the event, Director of the MoIT’s Trade Promotion Agency Vu Ba Phu highlighted ample room for the two countries to expand cooperation and fully utilise the advantages offered by the Vietnam-Eurasian Economic Union Free Trade Agreement.
To further develop the Vietnam-Belarus economic and trade relationship, it is essential to enhance trade promotion and investment initiatives such as trade fairs, forums, thematic workshops, and trade connections, which serve as an important bridge for businesses from both sides to meet, connect, and seek cooperation opportunities, he said.
Belarusian Deputy Prime Minister Anatoly Sivak said Belarus sees great potential for cooperation with Vietnam in vaccine production, pharmaceuticals, and medical equipment, and Vietnam can export electronic components to Belarus, contributing to diversifying bilateral trade.
Representatives from Vietnamese and Belarusian companies sign a cooperation agreement at the forum. (Photo: VNA)
Moreover, Belarus is particularly interested in cooperation between scientists from both countries to promote research and development of new technologies, he said, adding that developing high-tech industries will not only help both nations meet domestic demands but also enhance their competitiveness in international markets.
Furthermore, technology security is increasingly becoming an important factor that plays an essential role in reinforcing each nation's independence and autonomy. Therefore, both countries need to strengthen cooperation in this area to ensure sustainable development.
The Belarusian official said that he hopes the two countries will continue to develop the FTA between Vietnam and the Eurasian Economic Union (EAEU), thereby facilitating the expansion of cooperation in various fields, particularly high-tech industries.
Statistics show that in 2024, the total import-export value between the two countries reached approximately 59.7 million USD, an increase of nearly 45% compared to 2023.
Vietnam exports to Belarus key items such as aquatic products, fruits, cashews, rubber, machinery, electronic equipment, and components, while importing from Belarus fertilisers, chemicals, components, spare parts, milk, and pharmaceuticals.
Pavel Pigal, Head of the Foreign Economic Relations Department at the National Marketing Centre of Belarus, said that the Vietnam - EAEU FTA not only increases trade exchange between Vietnam and Belarus but also facilitates Vietnam's relations with the entire EAEU region./.
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