Vietnam boosts trade promotion in Argentina, Paraguay

09:03 | 29/07/2017 Trade

The Vietnamese Embassy in Argentina and the Argentinean Confederation of Medium Enterprises (CAME) jointly held a business workshop in the country’s capital city of Buenos Aires, on July 25.

vietnam boosts trade promotion in argentina paraguay
Argentina is a potential market for key Vietnamese exports such as footwear, garment-textile, wood products, and handicraft

The event attracted the participation of 60 enterprises from the two nations.

Addressing the opening ceremony, CAME President Fabian Tarrio highlighted Vietnam’s potential and the room for trade exchanges between the two nations, expressing his hope that CAME will become a bridge serving to connect the two countries’ enterprises, contributing to raising their bilateral trade value.

For his part, Vietnamese Ambassador Dang Xuan Dung underlined the remarkable average growth rate of 20% during the 2012-2016 period of the economic–trade relations between Vietnam and Argentina, since the Vietnam – Argentina comprehensive partnership was established in 2010.

He noted that Argentina is one of Vietnam’s most important partners in Latin America.

According to the Ambassador, the 45th anniversary of the diplomatic ties in 2018 will be an important milestone in the long-term comprehensive cooperation between the two nations.

He suggested that the two sides play a more active role in the Association of the Southeast Asian Nations (ASEAN) and the South America’s Trade Bloc MERCOSUR, in order to help each other enter the market in the two regions.

Tran Duy Dong, Director of the America Market Department under the Ministry of Industry and Trade said Argentina is a potential market for key Vietnamese exports such as footwear, garment-textile, wood products, and handicraft.

Meanwhile, with a population of nearly 100 million people and an increasing purchasing power, Vietnam is also a promising market for Argentinean exporters, Dong said, expressing his hope that Argentina will support the negotiation on a free trade agreement between Mercosur and Vietnam.

Gustavo Martino from the Argentinean Foreign Ministry lauded the dynamic development in Vietnam, particularly in manufacturing, and said the two countries’ firms can connect with each other to bring their products to Asian and Latin American nations.

The event witnessed the signing of several contracts between the two nations’ enterprises, mostly in terms of wood materials and animal feed. The Argentinean firms expressed their interest in Vietnam’s garment-textile products, coffee and electric bulbs.

As part of a trade promotion programme in Argentina from July 23-27, the delegation of Vietnamese firms visited the 2017 Argentina Agriculture Fair and the Pilar Industrial Park in Buenos Aires.

Previously, the delegation held several trade promotion events in Paraguay, with the support of the Commerce Office under the Embassy of Vietnam in Buenos Aires.