Bahrain will open its trade promotion offices in Hanoi and Ho Chi Minh City to facilitate trade with Vietnam and other countries in the ASEAN bloc, said Sheikh Daij bin Isa Al Khalifa, Chairman of the ASEAN-Bahrain Business Council.

At the meeting 

He made the statement while meeting with Vice Chairman of the Ho Chi Minh City People’s Committee Le Thanh Liem on April 16.

Bahrain, which boasts huge oil reserves and is a financial centre of the Middle East, has various favourable policies to attract foreign investors, including those from Vietnam, he noted.

He said that the ASEAN-Bahrain Business Council was established in 2017 to bolster business ties as well as exchanges in trade, sports, tourism and culture between Bahrain and the ASEAN member states.

The council’s delegation is on Vietnam’s visit to attend a trade fair in Hanoi and seek trade cooperation opportunities in the country, he added.

For his part, the HCM City Vice Chairman applauded Bahrain’s initiative to open a trade representative office in the southern hub, expressing his hope that the visit will help bolster trade ties between the two countries in general and between Bahrain and HCM City in particular.

HCM City welcomes Bahrain businesses to join its smart city projects, he said, adding that the city always rolls out red carpet for Bahrain firms to land long-term investment in the city.-VNA