Iran and Vietnam have pledged to boost trade during Iranian President Hassan Rohani's visit to Hanoi.
"The two sides agreed to increase bilateral trade turnover to $2 billion," Rohani told reporters on October 6 after the two sides signed several cooperation agreements.
"In economics, cooperation opportunities are still large, but the scale of cooperation and bilateral trade are still modest," Vietnamese President Tran Dai Quang said.
Trade between the two countries hit $350 million in 2015, according to Iran's official IRNA news agency.
Rohani, accompanied by a large government delegation, is on a tour in Southeast Asia.
After Vietnam, the Iranian president heads to Malaysia and Thailand, where he will attend a summit of the Asian Cooperation Dialogue intergovernmental organization, Iranian media reported.
Iran is seeking to jump-start its economy after international sanctions were lifted in January following a nuclear deal with world powers that curbed Tehran's controversial nuclear program.