Vietnam, Turkey urged to expand economic cooperation
Turkish Minister of Science, Industry and Technology Faruk Özlü has suggested Vietnam and his country enhance economic, trade and technology cooperation.
Vietnamese and Turkish officials take a photo together (Source: VNA)
Hanoi (VNA) - Turkish Minister of Science, Industry and Technology Faruk Özlü has suggested Vietnam and his country enhance economic, trade and technologycooperation.
Özlü made the suggestion during a recent meeting with VietnameseDeputy Minister of Planning and Investment Nguyen Van Trung and deputy head ofthe National Assembly's Law Committee Hoang Thanh Tung, who were on a working visit to Turkey to learn about buildingfree economic zones and concentrated industrial parks (IPs).
The Turkish official spent time introducing his Vietnamese guests to Turkey’s mechanismsfor managing more than 300 concentrated IPs, coordination among the state,localities and enterprises in the work, and preferential policies for domesticand foreign firms to invest in IPs.
He said he joined Turkish Prime Minister Binali Yilidirim’s official visit to Vietnam in 2017 and metwith Turkish investors operating in the country. He hoped Turkish firms will soonopen IPs in Vietnam in the future.
In his meeting with the Vietnamese delegation, Turkish Deputy Minister of EconomyFatih Metin said his country welcomes Vietnamese firms to invest in 18 freeeconomic zones in Turkey.
He also called on the Vietnamese Government to continue supporting Turkishinvestors’ in Vietnam.
For their part, the Vietnamese officials affirmed the experienceshared by the hosts would help Vietnam finalise the draft Law on SpecialAdministrative-Economic Units.
The Vietnamese delegation also had a meeting with representatives from theVietnamese Embassy in Turkey, during which they were updated on the developmentof bilateral relations and the embassy’s efforts to promote trade ties withTurkey.
Ambassador Pham Anh Tuan affirmed the agency is doingits utmost to foster ties between the two countries’ enterprises, hoping thatit will receive support from ministries and sectors in the homeland in the work.
Turkey, Vietnam’sleading trade partner in the Middle East, is a gateway for Vietnamese products,including rice, tea, garment, footwear and electronics, to the Middle Eastmarket.
Two-way trade stood at nearly 2 billion USD in2016 and the two countries have agreed to work together to raise two-way tradeto 4 billion USD in 2020 through the strengthening of trade and investmentcooperation.-VNA
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Vietnamese and Turkish officials take a photo together (Source: VNA) 
