Promoting trade and connecting Vietnamese and Belarusian businesses

An important milestone in economic cooperation between the two countries

On September 22, in Minsk city, Republic of Belarus, the Vietnam - Republic of Belarus Business Forum took place. This is a trade event organized by the Trade Promotion Agency, Ministry of Industry and Trade of Vietnam in coordination with the Embassy of Vietnam in the Republic of Belarus and the Minsk Chamber of Commerce and Industry.

Attending the forum were Mr. Nguyen Van Trung - Ambassador Extraordinary and Plenipotentiary of Vietnam to Belarus, Mr. Hoang Minh Chien - Deputy Director of the Trade Promotion Agency, Ms. Irina Ivanova - Deputy General Director in charge of foreign economic relations, Minsk Chamber of Commerce and Industry, along with trade representatives and many businesses of the two countries.

Speaking at the forum, Ambassador Nguyen Van Trung said that this event is not only an important milestone in the economic cooperation relationship between the two countries but also demonstrates the strong commitment to promoting trade and connecting Vietnamese and Belarusian businesses.

Mr. Hoang Minh Chien - Deputy Director of the Department of Trade Promotion spoke at the forum .

According to the Ambassador, the Belarus - Vietnam Business Forum is an opportunity for businesses of the two countries to meet, exchange and sign strategic contracts. With the participation of nearly 50 multi-industry businesses of Belarus, from food, industry to high technology, and Vietnamese partners, the forum will create sustainable and effective connections.

“This event is even more meaningful as it was held after General Secretary To Lam’s historic visit to Belarus in May 2025. The visit not only strengthened political relations but also opened up unprecedented economic cooperation opportunities,” Ambassador Nguyen Van Trung emphasized.

Ms. Irina Ivanova expressed her belief that the bilateral negotiations and the signing of the Memorandum of Understanding between the organizations at the forum will be a concrete step towards strengthening the business partnership between the two countries.

According to Mr. Hoang Minh Chien, Vietnam and Belarus have a long-standing traditional friendship, nurtured by political trust and substantive cooperation in many fields. In trade, the two economies are clearly complementary: Vietnam has strengths in agricultural products, aquatic products, consumer goods, textiles, and wooden products, while Belarus stands out in machinery, equipment, fertilizers, and high technology.

This combination creates a mutually beneficial value chain, expanding the market not only within the two countries, but also reaching out to the Asia-Europe and Southeast Asia regions.

Trade Promotion Agency accompanies businesses of the two countries

At the forum, Vietnamese businesses brought to Belarus typical products, from agricultural products, seafood, coffee, tea, cashew nuts, to textiles, wooden products, industrial components. Through the program, businesses had the opportunity to meet, exchange directly and find suitable partners, establish long-term and effective cooperative relationships.

Besides trade, investment cooperation is also opening up many new opportunities. Currently, Belarus has 3 investment projects in Vietnam with a total registered capital of 32.25 million USD, while Vietnam has 1 project in Belarus with a total capital of 816 thousand USD. These are important initial steps for the two countries to expand cooperation, especially in the fields of high technology, clean agriculture and renewable energy.

Businesses had the opportunity to meet, exchange directly and find suitable partners.

To maximize the potential for cooperation, Ambassador Nguyen Van Trung called on businesses of both countries to actively explore the market. At the same time, take advantage of the Visa Exemption Agreement between the two countries, which will take effect from January 2025, to enhance exchanges and understand market needs; promote trade promotion. Participate in fairs, exhibitions and business networking forums to expand the network of partners. Along with that, focus on priority areas: High technology, agriculture, renewable energy, and food processing are industries with great potential for cooperation.

As a government agency specializing in trade promotion, the Trade Promotion Agency is always committed to accompanying the business communities of the two countries. "We will continue to coordinate with the competent authorities of Belarus to remove difficulties, promote connections and create a sustainable business environment," said Mr. Hoang Minh Chien.

Within the framework of the Forum, the Center for Trade and Investment Promotion Support (Trade Promotion Agency) and the Belarusian Chamber of Commerce and Industry (Minsk branch) signed a Memorandum of Understanding (MOU), opening up practical cooperation opportunities, contributing to creating favorable conditions to promote the Vietnam - Belarus trade relations to develop more strongly, effectively and sustainably in the coming time.

Some pictures at the trading session: