Friday, July 11, 2025

Pak-Vietnam open new trade era, plan strategic economic partnership

Pakistan and Vietnam Reinforce Economic Ties During High-Level Ministerial Meeting

Hanoi — The Minister of Commerce of the Islamic Republic of Pakistan, Jam Kamal Khan held a bilateral meeting with Nguyễn Hồng Diên, Minister of Industry and Trade of the Socialist Republic of Vietnam, to strengthen economic cooperation and explore new avenues for trade and investment between the two countries.

The high-level meeting took place in a spirit of mutual friendship and partnership, reflecting the growing economic and diplomatic ties between Pakistan and Vietnam.

Both sides reaffirmed their commitment to deepening bilateral trade relations and discussed key areas including trade diversification, market access, investment promotion, and collaboration in industrial development.

During the meeting, the two ministers emphasized the need for enhanced business-to-business linkages, promotion of joint ventures, and cooperation in sectors such as textiles, agriculture, pharmaceuticals, information technology, and energy.

Discussions also focused on reducing trade barriers and working towards a Preferential Trade Agreement (PTA) to facilitate smoother trade flows

Minister Jam Kamal Khan highlighted Pakistan’s strategic location and offered Vietnam greater access to Central Asian and Middle Eastern markets through regional connectivity projects.

Nguyễn Hồng Diên expressed Vietnam’s interest in increasing imports of Pakistani rice, textiles, and leather products, and welcomed Pakistani investment in Vietnam’s manufacturing and technology sectors.

The meeting concluded with a shared vision to elevate Pakistan-Vietnam bilateral trade volume and to foster long-term economic partnership for the mutual benefit of both nations.

Field Correspondent Sohail Majeed
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Sohail Majeed is a Special Correspondent at The Diplomatic Insight. He has twelve plus years of experience in journalism & reporting. He covers International Affairs, Diplomacy, UN, Sports, Climate Change, Economy, Technology, and Health.

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