Embassy works to intensify trade connectivity with Argentina
A delegation of the Vietnamese Embassy in Argentina visited Mendoza province from March 3-5, aiming to tighten investment and trade links.
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At the meetings, Argentinian businesses showed interest in Vietnamese products such as coffee, apparel and electronic goods. They said they want to introduce Malbec – a typical wine of the South American country – to Vietnamese consumers, and they consider Vietnam a high potential market.
Ambassador Thao told them that the wine market in his country has been growing in recent years thanks to improving living standards.
Located about 1,000km west of Buenos Aires, Mendoza accounts for about five percent of Argentina’s area but accommodates up to 70 percent of the country’s total grape area. Grapes and grape products make up about half of the province’s export revenue.
Trade between Vietnam and Argentina has increased considerably in recent years, reaching US$3.03 billion in 2016 and is expected to hit US$3.5 billion this year.
