Chile thinks of Vietnam as “a new tiger” in the region and called upon Chilean businesses to strengthen their links with Vietnamese partners.

The Department of Trade Promotion under the Chilean Ministry of Foreign Affairs forecasts that two-way trade turnover between the two countries will reach US$700-800 million in the next five years.

By holding the seminar, Chilean businesses gained a better understanding of the current trade relations between the two countries, import-export policies, banking systems, investment law, famous tourism destinations and main lines of export-import products in Vietnam.

Some Chilean businesses revealed plans to move their operations from other countries in the region to Vietnam.