Azerbaijani investors eye Vietnamese market

azerbaijani investors eye vietnamese market hinh 0
At the workshop

In his remarks at a recent workshop themed “Meet Azerbaijan” in Hanoi, the Azerbaijani Ambassador highlighted Azerbaijani enterprises’ advantage of plentiful capital and practical experience in implementing projects in Europe, adding that many are seeking investment opportunities in Vietnam.

As one of the world’s leading crucial oil and gas producers and suppliers, Azerbaijan also has great potential to boost its bilateral cooperation with Vietnam in three key fields, including tourism, logistics, and agriculture.

The diplomat cited a FAM tour jointly held by the Azerbaijan Embassy in Vietnam and Qatar Airways last year as a big effort to bolster tourism cooperation between the two countries.

The FAM tour provided many Vietnamese tourism operators with a fact-finding trip of Azerbaijan’s potential and favorable conditions in developing its tourism sector. These operators, right after the tour, teamed up with Azerbaijani partners to design tours in a bid to bring Vietnamese tourists to Azerbaijan and vice versa.

The diplomat called upon Vietnamese businesses and localities to send representatives to annual Azerbaijan International Tourism and Travel Fair, slated for April toward their broader tourism cooperation with Azerbaijan partners.

Logistics is another advantage of Azerbaijan. The Trans-Caspian East-West transport corridor would help to increase linkages between China and Europe while the North-South corridor aims to accelerate connections between Russia and Northern Europe, he noted.

Azerbaijan also has the added advantage of developing other sectors such as railway, seaport and shipbuilding, and airport.

Regarding agricultural cooperation, the ambassador said that his nation acknowledges the advantage and production capacity of Vietnam’s agricultural sector, especially the cultivation of fruits, coffee, cashew nuts, and pepper.

He assured Azerbaijani businesses’ desire to make investments in the Vietnamese farm product market, revealing that some businesses wish to have several Vietnamese varieties planted in Azerbaijan.

At the workshop, provincial representatives from Ha Giang, Quang Ninh, Tien Giang, Danang and Dak Lak, updated participants on investment and cooperation opportunities these localities are calling for.

Anar Imanov, in turn, stated that the Azerbaijan Embassy pledged their best efforts to foster connections among enterprises of the two nations.

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