Vietnam pledges favorable conditions for Argentine businesses

08:57 | 22/02/2019 Cooperation

Vietnam pledges to create favorable conditions for foreign businesses, particularly those from Argentina, to invest in the country.

President of Argentina Mauricio Macri (right) and Vietnamese Deputy PM Vu Duc Dam at the Forum - Photo: VNA

The statement was made by Vietnamese Deputy Prime Minister Vu Duc Dam at a Vietnam – Argentina Business Forum which was held in Hanoi on February 21.

The event also saw the presence of Argentine President Mauricio Macri on the occasion of his official visit to Vietnam from February 19-21.

The Vietnamese Deputy PM emphasised that the Vietnam – Argentina Business Forum was an important milestone, creating a new driving force to promote the cooperation between the two countries.

President of Argentina Mauricio Macri speaking at the event - Photo: VGP

He also noted that Argentina is Vietnam's second largest export market in Latin America (after Brazil), with total bilateral trade turnover of nearly US$2.9 billion.

According to Deputy PM Dam, so far there have only been four investment projects from Argentina in Vietnam and the Vietnamese Government has attached great importance to and appreciated these pioneering investors, while wishing to attract more investors.

He expressed his hope that the Argentine Government and business community would create favourable conditions for Vietnamese enterprises to invest and do business in the country.

For his part, President of Argentina Mauricio Macri said that Argentine enterprises want to find a way to connect with Vietnamese businesses for further cooperation, towards sharing common interests.

Argentina wishes to not only export agricultural products to Vietnam but also enhance cooperation in technology, telecommunications, the application of nuclear energy for peace, and football development through the establishment of a football academy in Vietnam, he added.

Within the framework of the Forum, representatives from ministries, agencies and enterprises from the two countries discussed the strengths and potential of the two economies as well as measures to promote connectivity between the two sides.

Theo NDO