Vietnam - Argentina: Fostering bilateral commerce and investment

DNHN - The Vietnamese Embassy in Argentina coordinated with the Argentinian Chamber of Commerce - Asia Pacific on August 30 to hold a meeting with local businesses to promote economic and trade cooperation, seek new opportunities.

In conjunction with activities commemorating the 50th anniversary of the establishment of diplomatic relations between Vietnam and Argentina (October 25, 1973 - October 25, 2023), the Vietnamese Embassy in Argentina coordinated with the Argentina-Asia Pacific Chamber of Commerce to organize a meeting with local businesses on August 30 to promote economic and trade cooperation and seek investment opportunities between the two nations.

Vietnam is currently Argentina's sixth-largest trading partner, its fifth-largest market, and a key partner in South-South cooperation in Southeast Asia. Argentina is the third largest trading partner for Vietnam in Latin America. Particularly, bilateral trade continues to grow, from 316 million USD in 2007 to 4.5 billion USD in 2022.

The event was held in Buenos Aires and attracted nearly thirty Argentine companies from the food industry, chemicals, high technology, logistics, fertilizer, and pharmaceutical industries.

During the meeting, the Vietnamese Ambassador to Argentina, Duong Quoc Thanh, provided up-to-date information about Vietnam, highlighting the remarkable achievements of the Vietnamese people in support of Doi Moi. Vietnam, according to Ambassador Duong Quoc Thanh, is a peaceful nation with a stable political climate and a dependable location for foreign investors. In particular, the Government of Vietnam creates favorable conditions for domestic and foreign enterprises to conduct investment and trade activities by their respective capabilities. In addition, the Ambassador discussed the development of trade and investment between Vietnam and Latin America in general and Argentina in particular over the past few years.

The ambassador hoped that this seminar would provide an opportunity for the two parties to develop new initiatives, discuss specific proposals to broaden the scope of cooperation and diversify their exchanges. Representatives of the Argentina-Asia Pacific Chamber of Commerce and Argentine businesses shared their experiences in trade activities with Vietnamese partners at the meeting, referring to each country's areas of strength. can complement one another and discuss ways to foster cooperation with Vietnamese businesses.

Ngoc Phi (TH)