Vietnamese businessmen willing to invest in Khorramshahr

KHORRAMSHAHR, Oct. 18 (MNA) – A Vietnamese Chamber of Commerce delegation visited Iran’s south-western port city of Khorramshhar and Abadan to study capacities for investment. Valiollah Hayati, local governor and Vietnamese delegation met to discuss the possibilities of an agreement to attract Vietnamese investments to both cities’ economic capacities. Hayati told reporters that borders of Abadan and Khorramshahr provided great opportunities for investment, since “they trade with Iraq through Shalamcheh border outpost goods worth of $2.5mn daily.” “Khorramshahr is renowned worldwide for its economic and historical place. The access to sea and land is a unique feature of the city; oil and petrochemical industry is an important safe sector to invest in,” he asserted. “The accessible raw material makes investment easily profitable in the city; Arvandan oil and gas sources would help rubber industry to flourish, and to attract investments,” said the local governor, citing River Karoun as another source of income and investment in tourism industry, since “it splits the city half; daily entrance of 7000 foreign and domestic tourists would be a good opportunity for investments.” Mr. Nguyen Bac Ha - Deputy Director General of Vietnamese Chamber of Commerce - told the press that after 40 years, Iran and Vietnam had signed a trade agreement. “Khorramshahr and Abadan are a good venue for quick-return investment; production lines of dress and sea food is two sectors Vietnam could invest in these port cities to export the products to neighboring countries,” he added. “Boosting foreign trade and investment is a high priority for Vietnam. The law has placed the Chamber of Commerce under the jurisdiction of the prime minister,” Mr. Ha said. He cited 500,000 Vietnamese private sector economic firms as good opportunities to trade between Iran and Vietnam. Mr. Ha expressed gratitude for Abadan and Khorramshahr officials for hosting the meeting and valuable information exchange between the local authorities and Vietnamese tradesmen as the next step in the investment process.