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)
A US$60 million deal on supplying trucks and specialised cars
and memorandum of understanding on establishing a dairy plant in the province
were signed on the day.
joining in free trade agreements has
opened up opportunities for collaboration between the two countries, Deputy PM
Semashko said, recommending that Belarus
and Vietnam
should set up more joint ventures based on the principal of mutual benefits.
The Belarusian Government chose Hung Yen
as the location for MAZ Asia joint venture to manufacture and assembly
automobiles and the dairy plant, he said, adding that it is considering the
construction of a bus assembling factory in the province.
Secretary of the provincial Party
Committee Do Tien Sy lauded Belarus’s
socio-economic achievements, especially in automobile industry, agriculture and
dairy and farm produce processing, expressing his hope that Belarus will
land more high-tech projects in the province to boost its development.
Meanwhile, Chairman of the provincial
People’s Committee Nguyen Van Phong said that the province is focusing on
developing infrastructure and industrial parks to lure more investments.
Currently, the province is home to 11
industrial parks, accommodating over 1,700 domestic and foreign projects, he
said.
Phong suggested the Belarusian side
invest in a fertiliser plant in the province while creating favourable
conditions for Hung Yen to ship its agricultural products to the nation.
Hung Yen will create optimal conditions
and adopt preferential policies so that Belarusian projects can become
operational soon, he stressed.
On the occasion, Deputy PM Semashko and his
working delegation visited the factory of MAZ Asia joint venture, which is under
construction in Kim Dong district.
Source: NDO
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