Business cooperation between Vietnam and Belarus will be further developed following trade deals inked between the two sides in the northern province of Hung Yen on March 29 in the presence of Belarusian Deputy Prime Minister Vladimir Semashko.
Trucks assembled in MAZ Asia joint venture. (Photo: maz.by)
Hung Yen (VNA) – Business cooperation between Vietnam and Belaruswill be further developed following trade deals inked between the two sides inthe northern province of Hung Yen on March 29 in the presence of BelarusianDeputy Prime Minister Vladimir Semashko.
A 60 million USD deal on supplying trucks and specialised cars and memorandumof understanding on establishing a dairy plant in the province were signed onthe day.
Joining in free trade agreements has opened up opportunities for collaborationbetween the two countries, Deputy PM Semashko said, recommending that Belarusand Vietnam should set up more joint ventures based on the principal of mutualbenefits.
The Belarusian Government chose Hung Yen as the location for MAZ Asia jointventure to manufacture and assembly automobiles and the dairy plant, he said,adding that it is considering the construction of a bus assembling factory inthe province.
Secretary of the provincial Party Committee Do Tien Sy lauded Belarus’ssocio-economic achievements, especially in automobile industry, agriculture anddairy and farm produce processing, expressing his hope that Belarus will landmore high-tech projects in the province to boost its development.
Meanwhile, Chairman of the provincial People’s Committee Nguyen Van Phong saidthat the province is focusing on developing infrastructure and industrial parksto lure more investments.
Currently, the province is home to 11 industrial parks, accommodating over1,700 domestic and foreign projects, he said.
Phong suggested the Belarusian side invest in a fertiliser plant in theprovince while creating favourable conditions for Hung Yen to ship itsagricultural products to the nation.
Hung Yen will create optimal conditions and adopt preferential policies so thatBelarusian projects can become operational soon, he stressed.
On the occasion, Deputy PM Semashko and his working delegation visited the factoryof MAZ Asia joint venture, which is under construction in Kim Dong district.-VNA
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Trucks assembled in MAZ Asia joint venture.
