Paraguayan President praises Vietnam’s development achievements
VOV.VN - Paraguayan President Santiago Peña Palacios has expressed admiration for Vietnam’s great achievements in socio-economic development while receiving Vietnamese Ambassador Ngo Minh Nguyet who came to present the Letter of Credence from President Luong Cuong on August 20 (local time) in Asuncion.

At the credential presentation ceremony, the President congratulated Ngo Minh Nguyet on officially assuming her post as Vietnam’s Ambassador to Paraguay.
He affirmed that despite the geographical distance, Paraguay and Vietnam share many similarities in culture, history, and traditions of national struggle against foreign invaders for independence. He emphasized that the potential for cooperation between the two countries remains substantial.
The President highly valued the outcomes of Paraguayan Minister of Industry and Trade Javier Giménez García de Zúñiga’s visit to Vietnam in 2024, which opened up many opportunities for bilateral economic and trade cooperation. He also expressed his wish to soon pay an official visit to Vietnam, particularly this year as the two countries celebrate the 30th anniversary of diplomatic relations (1995-2025).
Through Ambassador Ngo Minh Nguyet, President Santiago Peña extended greetings to Vietnam’s senior leaders and conveyed his hope of welcoming Vietnamese high-level leaders to Paraguay in the near future.
Earlier, on August 19, Ambassador Ngo Minh Nguyet had presented a copy of her credentials to Paraguayan Foreign Minister Rubén Ramírez Lezcano.
Vietnam and Paraguay established diplomatic relations on May 30, 1995. During Vietnam’s resistance war against the US, Paraguay saw a broad popular movement in support of the Vietnamese people.
Paraguay is currently among Vietnam’s 10 largest trading partners in Latin America and one of the markets posting high trade growth with Vietnam. In 2023, bilateral trade turnover reached more than US$280 million, up 22.2% compared to 2022.
Vietnam’s major export items to Paraguay include coffee, sports shoes, electric fans, rubber, bamboo and rattan products, ceramics, and garments, while its imports consist of soybean meal, beef and by-products, leather, and wood.