Viet Nam is sixth biggest trade partner of Argentina

Viet Nam is sixth biggest trade partner of Argentina 28/04/2023 17:00:00 279

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Viet Nam is sixth biggest trade partner of Argentina

28/04/2023 17:00:00

( Two-way trade between Viet Nam and Argentina has increased strongly to US$4.88 billion in 2022, making Argentina the fifth largest trade partner of Viet Nam in the Latin American region and Viet Nam the sixth biggest trade partner of Argentina globally.

Chairman of the National Assembly of Viet Nam Vuong Dinh Hue (second from left) attends the Viet Nam-Argentina business forum in Buenos Aires, April 25, 2023 - Photo: VNA

National Assembly (NA) Chairman Vuong Dinh Hue attended the Viet Nam-Argentina business forum in Buenos Aires on April 25 (local time), as part of his official visit to the Latin American country.

NA Vice Chairman Tran Quang Phuong said that Argentina is one of the leading suppliers of corn and animal feed to Viet Nam.

Regarding investment, Argentina currently has five projects in Viet Nam, ranking 122 among the 140 countries and territories investing in the Southeast Asian nation.

NA Vice Chairman Phuong said that Viet Nam is ready to work with other countries, including Argentina, to seek measures to recover the global trade and supply chain.

He expressed his hope Argentina, as a member of the Mercosur, will serve as a gateway for Vietnamese goods to enter the South American market. Meanwhile, Viet Nam will serve as a bridge connecting Argentina and the ASEAN as well as the Asia-Pacific region.

Viet Nam expects to increase the export of high-quality goods of its strength meeting the needs of the Argentine market such as textile products, leather and footwear, agricultural and aquatic products, wood and furniture, and construction materials. 

He said both countries should resume negotiations for a free trade agreement between Viet Nam and the Mercosur, which is expected to help create a breakthrough in improving the competitive advantages for businesses of both sides in penetrating each other's market.

Secretary for International Economic Relations under the Ministry of Foreign Affairs, International Trade and Worship of Argentina Cecilia Todesca Bocco spoke highly of the supplementary nature of the Argentine and Vietnamese economies. 

She added that there are abundant opportunities for the two sides to promote collaboration, underlining the need for them to strengthen cooperation among ministries, sectors and localities.

Argentina, as the Chair of the Southern Common Market (Mercosur), will continue to strengthen exchanges with Viet Nam, said Cecilia Todesca Bocco.

Kim Loan

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