IRNA � Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh said on Sunday that Iran has experienced a 120 percent increase in its economic relations in the past four years.


Nematzadeh made the remarks in the Iran-Vietnam joint economic commission meeting held here in the Iranian capital.

�After the [1979] Islamic Revolution, Iran faced eight years of an imposed war and 10 years of severe economic and political sanctions, but the country managed to achieve big advancements,� he said.

Referring to Iran-Vietnam economic ties, he said, �Today after four years, we are witnessing the re-launching of the two countries� joint economic commission.�

He added, �The economic exchanges between Iran and Vietnam should come to at least two billion dollars annually.�

The visits of the Presidents of Iran and Vietnam in the past few months show the profound level of cooperation between the countries, the minister added.