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Apr 15, 2016 / 13:47

Fostering Vietnam - Argentina trade and cooperation

In the workshop, themed “Vietnam – a strategic nation”, recently organised a workshop on trade opportunities with Vietnam in Argentina, Vietnam and Argentina pledged to facilitate enterprises’ trade promotion activities.


View of the workshop “Vietnam – a strategic nation”
View of the workshop “Vietnam – a strategic nation”

 
The workshop was co-organised by FECOBA – the federation of commerce and industry of Buenos Aires and Argentina’s confederation of enterprises CAME. Speaking at the event, economic expert Guillermo Perez Cena stressed trade between Vietnam and Argentina has gained momentum in recent years. Argentina is one of the three Latin American countries (together with Mexico and Brazil) with trade value with Vietnam exceeding 1 billion USD. In 2015, two-way trade hit more than 2.5 billion USD, up 34 percent from 2014.

Cena talked about Vietnam’s economic growth and integration progress, noting that this is a potential market for Argentine exporters of animal feed, vegetable oil, wine, grain, meat, fruit, pasteurised milk and medicine. Argentina can import various commodities from Vietnam, particularly footwear, rice, garment-textile, coffee, rubber, pottery, plastic and woodwork products, he added.

Representatives from the Vietnam Embassy in Argentina informed attendants of Vietnam’s over-6.7-percent average growth rate in more than two decades and the country’s preferential policies for foreign investors. They also answered several questions related to Vietnam-Argentina ties and visa application procedures.

On the same day, a number of enterprises operating in agriculture, food, cement, pharmaceuticals and infrastructure construction gathered at an Argentina-Vietnam business forum to discuss cooperation opportunities.

​Vietnam has exported footwear, rubber, garments, tea, coffee and agricultural machines to Argentina while importing cattle food, animal and vegetable oil, cereals, leather, beef and cotton from the South American country.

Vietnam will continue to foster economic integration despite global economic recession and unstable monetary market, highlighting that Vietnam is pushing negotiations on free trade deals and new generation free trade agreements. Vietnamese Government always creates favourable conditions for foreign enterprises, including Argentinean ones, to invest in the country.