The Vietnamese delegation was led by Deputy Minister of Industry and Trade Le Danh Vinh and the Uzbekistan delegation by Deputy Minister for Foreign Economic Relations, Investments and Trade Nasridin Nazhimov.

At the meeting, the two sides exchanged information on the socio-economic development, as well as the investment environment and potential of each nation.

The two sides said they wanted to cooperate in light industry, leather tanning, footwear, silk production, and the construction of materials and other commodities.

The two sides agreed to co-operate in agriculture and expressed the two governments’ willingness to co-operate in oil and gas exploration, banking, culture, sports, tourism and training.

The two sides agreed that last year’s bilateral trade turnover of US$6 million was still far from meeting the potential and demand of each side. Vietnam now imports cotton, fibre, silk, equipment and fertilizer from Uzbekistan and exports fishery products, fruits, vegetables, medicines, rice, tea and coffee to the country.

The two sides agreed to exchange information on their investment environments, foreign trade and the export capacity of each country.