Dhaka (VNA) – National Assembly Chairman Vuong Dinh Hue on September 23 visited Bangladesh's Beximco Pharmaceuticals Ltd., which is cooperating withVietnam in the fields of yarn imports and pharmaceuticals distribution, as partof his official visit to the South Asian country.

Meeting with the company’s leaders, NA Chairman Hue hailed the firm’sexports of some products to Vietnam, a market with a population of 100 million people, andstressed the possibility for Beximco to tap into a larger market of theAssociation of Southeast Asian Nations (ASEAN) with 650 million consumers.

Mentioning the company's major business fields of pharmaceuticals and apparel, the NA Chairman said these are two spheres where Vietnam and Bangladesh have advantages and should promote cooperation.

Vietnam has paid due attention to and encouraged medical projects, products and solutions which play anincreasingly important role in the post-COVID-19 period, he said, underscoring that incentiveshave been given to projects on research and production of medicinal materials, andtechnology application to produce medicines.

The top legislator highlighted Vietnam’s new and breakthrough policies to improve thequality of medical examination, and create a legal foundation for activities inthe medical field.

Vietnam is able to produce most of medicines for domestic consumption, however,it has to import materials for production, he said, suggesting Beximco studycooperation opportunities with Vietnamese partners in the field, and considerthe construction of a joint venture in Vietnam.

Beximco leaders said they will study Chairman Hue’srecommendations, and commited to effectively carry out cooperative activitieswith Vietnam.

Beximco has been listed on the Dhaka Stock Exchange since 1985, and the LondonStock Exchange since 2005. The company, which has a quality management systemin line with global standards, has focused on R&D activities to improveproduction efficiency./.