Bahrain will open its trade promotion offices in Ha Noi and HCM City to facilitate trade with Viet Nam and other countries in the ASEAN bloc.

This was announced by Sheikh Daij bin Isa Al Khalifa, chairman of the ASEAN-Bahrain Business Council, at a meeting with Le Thanh Liem, vice chairman of HCM City People’s Committee, on Monday.

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 Viet Nam, Khalifa said.

He added 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 nations.

The council’s delegation is on a visit to Viet Nam to attend a trade fair in Ha Noi and seek trade cooperation opportunities in the country, he said.

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

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