Vietnamese and Turkish businesses gathered at a meeting held by theVietnam Chamber of Commerce and Industry (VCCI) in Hanoi on November 19aimed at helping popularise Vietnam’s law and regulations on economics.

Since its admission into the World Trade Organisation, Vietnam hasbecome more attractive to foreign investors, with a clear andcompetitive business environment. International partners can also takeadvantage of the country’s favourable geographical location to expandeconomic ties with other Southeast Asian countries, said VCCI SecretaryGeneral Pham Thi Thu Hang.

At the event,representatives from two sides’ businesses exchanged information oncooperative potential as well as demand to expand their markets.Turkey ’s steel and mineral manufacturers said that they hope to accessprojects and find more information on import-export activities withVietnamese partners.

Businesses also discussedcooperative potential in the fields of farm products, garments andtextiles, and manufacturing lines of consumer products.

Two-way trade turnover between Vietnam and Turkey reached 850million USD in 2011, a year-on-year increase of 35 percent. In the firstnine months of this year, the figure hit about 700 million USD.

Recently, the two sides established the Vietnam-Turkey BusinessCouncil to tighten economic relations and foster cooperative activities,especially in bilateral investment and trade in the time to come.-VNA