A Vietnam-Argentina business forum took place in Hanoi on February 21
with a view to promoting cooperation between the countries’ enterprises.
The event, held by the Vietnam Chamber of Commerce and Industry (VCCI),
was part of the State visit by Argentine President Mauricio Macri. It attracted
representatives of more than 300 businesses of the two sides.
Vietnamese Deputy Prime Minister Vu Duc Dam said since their diplomatic
ties were set up in 1973, the countries’ cooperation has continually been
strengthened in almost all fields, especially economy. Bilateral trade
approximated 2.9 billion USD in 2018 with Argentina the second biggest
destination of Vietnamese goods in Latin America.
They have complementary export structures when Vietnam has strengths in
footwear and textile-garment while Argentina’s strong products include
plant oil, animal fat, and animal feed.
Vietnam has been an important partner of Argentina in Southeast Asia, and
it is making efforts to become the most important partner of the Latin
America nation, he stressed.
The Deputy PM noted Argentina’s investment in Vietnam remains modest
with only four projects, adding that the Vietnamese Government highly
values these pioneer investors and hopes for more investment projects from
the country.
Vietnam pledges to create favourable conditions for foreign investors,
including those from Argentina, to do long-term business, Dam said.
Highlighting Vietnam’s economic development, he said the country is
located in a dynamic region and has stable politics and society, young and
abundant human resources, and a market of nearly 100 million people. It is
also a gateway to the 650 million-strong Association of Southeast Asian
Nations (ASEAN).
The economy has sustained fast growth for many years, reaching 7.08
percent in 2018. Its total trade revenue topped 482 billion USD last year. At
present, 130 countries and territories are investing over 340 billion USD in
over 27,000 projects in Vietnam. Each year, the country welcomes over 15
million foreign tourists, while nearly 8 million Vietnamese visit foreign
destinations.
Dam expressed his belief that with the two governments’ attention and the
two business circles’ dynamism, bilateral economic links will develop
strongly, thus contributing to the countries’ sustainable relations.
The official also asked the Government and businesses of Argentina to
provide optimal conditions for Vietnamese firms to invest in their country.
At the forum, President Macri said Argentine businesses want to partner
with Vietnamese firms to share common interests. Like Vietnam, Argentina
has been integrating extensively into the world. In a short period of time, it
has won the recognition of the international community as seen in its
election as President of the G20.
He emphasised that Vietnam is an increasingly important partner of
Argentina, congratulating it on the substantial achievements in the change
of the economic model and the international integration.
Argentina not only wants to export agricultural products to Vietnam but is
also looking for ways to cooperate in agricultural technology development,
telecommunications, use of atomic energy for peaceful purposes, and
football development, the leader added.
At the forum, representatives of the countries’ ministries, agencies and
businesses discussed the advantages and potential of the two economies,
along with measures to boost business-to-business connections.
On this occasion, the VCCI inked a cooperation document with the Argentine
Chamber of Commerce and Services.
Source: Vietnam Economic Times, Vietnam Friday, 22 February 2019