Min.: Iran-Vietnam Cooperation in Oil Can Expand

Chairing Iran-Vietnamese Economic Commission session, Nematzadeh said regarding Vietnam-China free trade agreement, Vietnam is a good location for transfer of Iranian goods and services and will ease Iran’s access to the big regional market.

He said Iran had in the past suggested joint investment in establishment of a refinery in Vietnam but the project was stopped due to sanctions.

“Now the ground is available for set up the second and even the third refinery in the future.

He noted that a session may be arranged where Vietnamese companies will showcase their potential and engineering cooperation will be expanded alongside commercial activities.