Business news

In particular, the sides signed contracts on the delivery of MAZ, MTZ, BelAZ vehicles to Vietnam, agreements and memorandums on the delivery of alcohol products, tires, potash fertilizers, powdered milk, dried baby food and sports nutrition.

Partaking in the business forum are 22 Belarusian companies and more than 70 business representatives of Vietnam.

“Perhaps, the sides have signed this number of contracts for the first time; moreover, the contract on the delivery of potash fertilizers to Vietnam is not included,” Chairman of the Belarusian Chamber of Commerce and Industry (BCCI) Mikhail Myatlikov said.

The chambers of commerce and industry of Belarus and Vietnam hold events and exchange business meetings every year. However, this business forum is the most productive event taking into account the number of signed documents, contracts on the delivery of products with concrete figures.

Mikhail Myatlikov reminded that the EEU and Vietnam have been operating in the free trade regime for six months. It facilitates the delivery of Belarusian products. In particular, the BCCI chairman mentioned a contract signed by OAO Bellakt on 8 December. “It means that the duties have been zeroed already, and we become more competitive on the Vietnamese market,” Mikhail Myatlikov said. He stressed that the free trade regime enables Belarus to penetrate the market of Vietnam and the markets of ten ASEAN member states. “In this context, we need to determine the technical requirements for products, for example, tractor units or vehicle sets for our MAZ buses. These efforts will help us gain a foothold on the markets of other countries in the future,” he said.

Mikhail Myatlikov added that the Vietnamese association of graduates of Belarusian universities who were also present at the business forum plays a big role in the development of relations between the two countries. “They know our mentality and are employed in the economy of their country. Therefore, in our opinion, they are the main conduits of the Belarusian export in Vietnam. These are the citizens of Vietnam graduated from Belarusian universities,” the BCCI chairman said.