Business news

HANOI, 8 December (BelTA) – Minsk Tractor Works (MTZ trademark) signed contracts worth $2 million for 2016, MTZ Director General Fyodor Domotenko told reporters, BelTA has learned.

A contract to deliver MTZ equipment to Vietnam in 2016 was signed during the Vietnamese-Belarusian Business Forum held in Hanoi on 8 December.

Fyodor Domotenko stressed that Minsk Tractor Works and Vietnam has a 60-year history of cooperation. During this time the Belarusian tractor manufacturer has supplied over 15,000 tractors to Vietnam. That was the reason why the image of a Belarusian tractor was depicted on a Vietnamese banknote in 1987, he said. In 2014 MTZ supplied $1 million worth of equipment here. In 2015 the supplies increased by more than 20% over 2014.

"Our cooperation will be expanding. We have a reliable partner, and, I think, we will have no problems on the market of Vietnam,” Fyodor Domotenko said. He added that the Belarusian manufacturer has designed the model of a tractor specifically for the Vietnamese market.

Fyodor Domotenko also noted that MTZ is interested in the whole ASEAN market.