Mexico discusses business opportunities with Vietnam

Addressing the seminar, President of the Mexico City Chamber of Commerce, Services and Tourism (Canaco), Ricardo Navarro Benítez, highlighted the long-term friendship between Vietnam and Mexico that the Mexico Solidarity Network has promoted over the years.

He also praised Vietnam’s high economic growth, considering it an opportunity for Mexico to overcome the economic crisis, diversify trade ties and seek new outlets for its products.

The event aimed to help businesses learn more about Vietnam and its people, culture, and business environment. It also introduced Vietnam’s main products as well as the actual situation of the Vietnam-Mexico relationship.

Vietnamese ambassador to Mexico Le Thanh Tung briefed seminar participants on Vietnam’s development in the context of integration into ASEAN, especially its economic growth, social development and international integration.

Despite the global economic downturn, two-way trade between Mexico and Vietnam reached US$1.2 billion last year, which was only a small proportion of Vietnam’s total US$230 billion foreign trade turnover, he emphasized.

Economic and trade ties between the two countries have not been on a par with their political relationship due to geographical distance and trading habits with traditional markets

On behalf of the Vietnamese Party and State, Ambassador Tung was committed to creating the most favourable conditions for businesses to strengthen bilateral cooperation for the benefit of both nations.

Delegates also raised questions about Vietnam’s exports, customs procedures, and challenges facing trade ties, as well as the demand for some Mexican products such as Tequila and various types of food.

Many Mexican businessmen were interested in traditional Vietnamese customs and praised the beautiful landscape shown in a photography exhibition on display during the event.