Iran, Vietnam can complement each other’s economy: Minister

Addressing the ninth joint economic commission of Iran and Vietnam on Sunday, Cuong underlined the need for development of economic and commercial ties between the two nations.

Diplomatic ties between Iran and Vietnam started 45 years ago but high-profile bilateral visits between officials of the two nations reached their climax over the past few months, he said.

The Vietnamese minister added that the country’s annual trade volume stands at 20 billion dollars and that the it is planning to achieve a two-billion-dollar trade volume with Iran.

But the planned trade volume of two billion dollars is small and we should work together to increase it in the future, Cuong said.

He refereed to the Iran-P5+1 nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), and said that the deal brought Iran a great opportunity to engage with other countries, and this resulted in Iran’s GDP growth of 4.5 percent in 2016.

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