The agreement was reached during talks in Hanoi on March 23 between Foreign Minister Pham Binh Minh and his visiting Argentinean counterpart Hector Timerman.

Minh proposed that both sides promote the exchange of delegations at all levels, and foster the operation of the Vietnam-Argentina inter-governmental committee as well as the political consultation mechanism between their Foreign Ministries.

Timerman congratulated Vietnam on its rising position globally, and confirmed that Argentina attaches importance to developing relations with the Southeast Asian nation.

Argentina wants to increase investment cooperation with Vietnam in other areas such as hydro- and wind power, he said.

He assured Minh that Argentina is ready to share its experience and provide technical assistance to Vietnam in agriculture, anthropology and international integration negotiations.

The two FMs agreed that their ministries will work closely to successfully organise activities to celebrate the 40^th anniversary of diplomatic ties between Vietnam and Argentina in 2013.

Exchanging views on international issues of mutual concern, they held that both countries should increase cooperation and mutual support at multilateral forums such as the United Nations, the Non-Aligned Movement (NAM) and Forum for East Asia-Latin America Cooperation (FEALAC) to protect the legitimate rights and raise their position in the world.

They agreed that sovereignty and territorial disputes should be settled through peaceful measures and in accordance with international laws. 

After the talks, Minh and Timerman signed an agreement on South-South and Tripartite Cooperation between the two governments, a 2012-2013 action plan to implement a memorandum of understanding between the two foreign ministries on negotiations of economics and commerce, and a cooperation agreement between their academies of diplomacy.