Important cooperation projects in automobile manufacturing, mining, and fertilizer production between Vietnam and Belarus will help increase two-way trade to US$1 billion in the next five years.

Belarusian Prime Minister Mikhail Myasnikovich was told the economic forum in Ho Chi Minh City on Thursday that the target is within reach through the implementation of   automobile, mineral and fertilizer projects. Deputy Director of the HCM Municipal Department of Industry and Trade, Tran Vinh Nhung, briefed the forum on the city’s socio-economic situation:“Ho Chi Minh City always welcomes and creates favourable conditions for foreign businesses, including those from Belarus, to invest in the city. Discussion at the forum will help investors to learn more about the city’s investment environment.”

On the occasion, PM Myasnikovich witnessed the signing of a cooperation agreement between ten Vietnamese and Belarusian companies on manufacturing tractors, car tires, and fertilizers.

Mr Myasnikovich and his entourage also visited the ongoing 9th Vietnam International Trade Fair in HCM City before concluding his visit to Vietnam.