Business
Vietnam, Haiti ink trade, investment agreement
  • | VOV | July 23, 2013 05:06 PM

Vietnamese Minister of Industry and Trade Vu Huy Hoang and Haiti Minister of Economics and Finance Wilson Laleau signed a framework agreement on trade and investment in Hanoi on July 22.

Both sides want to increase cooperation in trade, investment, agriculture, cultivation, livestock breeding, and garment making for export to Haiti.

They agreed to continue implementing a memorandum of understanding (MoU) on rice trading between Vietnam and Haiti, including supplying some quality varieties of rice to this Caribbean nation.  

They also discussed the possibility of sending Vietnamese civil engineering businesses to Haiti to build infrastructure facilities and houses during its reconstruction process.

Bilateral trade and investment ties have developed vigorously after a Vietnam visit in December 2012 by Prime Minister Laurent Salvador Lamothe.

During the visit, the Ministry of Industry and Trade of Vietnam and the Ministry of Economics and Finance of Haiti signed a MoU on rice trading, under which Haiti will annually purchase between 250,000-300,000 tonnes of Vietnamese rice. Vietnam started delivering rice to Haiti as of April 2013.

In the first five months of 2013, Vietnamese exports to Haiti rose 355% to US$20.2 million. Major export items included rice, machinery, equipment, and phone handsets. 

Leave your comment on this story