Argentine firms take interest in Vietnamese market

The workshop, themed “Vietnam – a strategic nation”, gathered businessmen from the host country as well as Colombia, Peru and Uruguay.

Speaking at the event, economic expert Guillermo Perez Cena stressed trade between Vietnam and Argentina has gained momentum in recent years. Argentina is one of the three Latin American countries (together with Mexico and Brazil) with trade value with Vietnam exceeding US$1 billion.

In 2015, two-way trade hit more than US$2.5 billion, up 34 percent from 2014.

Cena talked about Vietnam’s economic growth and integration progress, noting that this is a potential market for Argentine exporters of animal feed, vegetable oil, wine, grain, meat, fruit, pasteurised milk and medicine.

Argentina can import various commodities from Vietnam, particularly footwear, rice, garment-textile, coffee, rubber, pottery, plastic and woodwork products, he added.

Representatives from the Vietnam Embassy in Argentina informed attendants of Vietnam’s over-6.7-percent average growth rate in more than two decades and the country’s preferential policies for foreign investors.

They also answered several questions related to Vietnam-Argentina ties and visa application procedures.