The Embassy of Vietnam in Argentina hosts a talk with local importers to promote trade between the two countries in Buenos Aires on December 5 (Photo: VNA)
Buenos Aires (VNA) – The Embassy of Vietnam in Argentina hosted a talk with localimporters to promote trade between the two countries in Buenos Aires onDecember 5.
Opening the event,Ambassador Dang Xuan Dung gave the Argentine businesses an overview ofVietnam’s socio-economic development after three decades of “Doi moi” period,highlighting that the country has remained as one of the fastest-growingeconomies in Southeast Asia for years.
Vietnam’s foreigntrade increased four-fold after becoming a member of the World TradeOrganisation a decade ago, exceeding 400 billion USD this year, he said.
The country has sofar signed 12 free trade agreements and been negotiating four new others, Dungnoted, adding that he looks forward to Argentina backing Vietnam to ink a tradedeal with MERCOSUR (the Southern Common Market that gathers Argentina, Brazil,Paraguay and Uruguay).
Argentine businesspersons take a look at made-in-Vietnam products on display at the talk (Photo: VNA)
He noted that thebilateral trade between Vietnam and Argentina rose by 20 percent annually from2012-2016, after the two nations established comprehensive partnership in 2010;and they still have great potential to expand the lists of export items to eachother.
Echoing Dung’s view,President of the chamber of importers of Argentina (CIRA) Ruben Oscar Garciaaffirmed determination of the Argentine government to open the local market andprovide opportunities for domestic firms to expand trade with foreign partners.
The two-way tradereached 2.3 billion USD and 2.9 billion USD in 2015 and 2016, respectively. Itis expected to gain 3.5 billion USD this year, he said.
Vietnam is nowArgentina’s sixth largest trade partner with key currency earners beingfootwear, electronics, textile and garment and agricultural machines while theSouth American country is Vietnam’s second biggest supplier of foods and farmproduces.-VNA
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The Embassy of Vietnam in Argentina hosts a talk with local importers to promote trade between the two countries in Buenos Aires on December 5 (Photo: VNA) 
Argentine businesspersons take a look at made-in-Vietnam products on display at the talk (Photo: VNA)
