Corporation could become transnational

Belarus is keen to create a transnational corporation to manufacture potash fertilisers jointly with Vietnam and Laos, notes Belarus’ Prime Minister, Mikhail Myasnikovich
Speaking to the Ambassador Extraordinary and Plenipotentiary of Vietnam to Belarus, H.E. Mr. Dang Huy Tran, who is completing his diplomatic mission in our country, he asserted, “I believe we’ll soon create a transnational corporation producing potash fertilisers jointly with your country and Laos.” Belarus is also ready to construct a plant to manufacture phosphorous fertilisers in Vietnam.

The PM underlines the positive trend in trade between Belarus and Vietnam, which has quadrupled over the last five years. “This is a very good achievement. We view collaboration with Vietnam as going beyond trade however,” added Mr. Myasnikovich. “The Customs Union would like to enter the free trade zone of the Association of Southeast Asian Nations (ASEAN) through Vietnam. It’s a huge market of 500m people.”

According to the Belarusian Prime Minister, opportunities and prospects for such entrance and interaction have been discussed by Belarus and Russia. “It would benefit everyone, as recession is ongoing in Europe and elsewhere. We should be ready to expand our volume of bilateral trade and investments in other regions,” he emphasises. 

This issue may be high on the agenda during the forthcoming visit by the Prime Minister of Vietnam to Belarus, scheduled for this December.

Mr. Myasnikovich is especially keen to implement joint projects with Vietnam; the construction of a factory to manufacture MAZ vehicles in Vietnam is a good example. “Actually, we’ve built this plant; there’re certain difficulties but these will be solved,” he notes. Belarus also hopes to expand co-operation with Vietnam in the sci-tech sphere. “We’d like such projects to be implemented more rapidly,” he stresses.
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