Saturday, July 12, 2025

Pak, Vietnam boost institutional & business ties for trade growth

Hanoi – The 5th Meeting of the Pakistan–Vietnam Joint Trade Committee (JTC) was convened in Hanoi, reactivating this institutional forum after a hiatus of eight years.

The session was co-chaired by Mr. Nasir Hamid, Additional Secretary of Commerce, Islamic Republic of Pakistan, and H.E. Ms. Phan Thi Thang, Deputy Minister of Industry and Trade, Socialist Republic of Viet Nam. The signing ceremony of the Agreed Minutes was solemnly witnessed by H.E. Mr. Jam Kamal Khan, Federal Minister for Commerce of Pakistan, and H.E. Mr. Nguyen Hong Dien, Minister of Industry and Trade of Viet Nam.

The Committee reviewed the current state of bilateral trade and outlined future cooperation in key areas including trade facilitation, market access, textile and fisheries, Halal certification, civil aviation, healthcare, and banking channels.

Both sides agreed to initiate negotiations on a Pakistan–Vietnam Preferential Trade Agreement (PTA) within 2025 and emphasized enhancing institutional and business linkages for sustained trade growth.

The meeting concluded with a reaffirmed commitment to unlocking the untapped trade potential between the two countries. The 6th Session of the JTC will be held in Pakistan at a mutually convenient time.

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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