Vietnam promotes economic cooperation with Uruguay

Representatives from the Embassy of Vietnam in Argentina and Uruguay and the National Chamber of Commerce and Service of Uruguay held a working session on July 25 on ways to boost economic and trade ties between the two countries.

At the meeting, participants discussed a programme to connect the two countries’ enterprises during a Vietnamese business delegation visit to Argentina scheduled for next August.

A wide range of Vietnamese products for export and the country’s import demands were also introduced.

On the occasion, the embassy’s representatives also held a meeting with officials from the Chamber of Commerce of the Southern Common Market (Mercosur) and the Association of Southeast Asian Nations (ASEAN). 

The two sides exchanged views on a plan to implement the agreements reached with Vietnamese enterprises during the Chamber delegation’s visit to Vietnam, Indonesia, the Philippines and Singapore earlier this month. 

The Mercosur-ASEAN Chamber of Commerce was established in June to promote economic, trade and investment cooperation between the two blocs. 

Bilateral trade between Vietnam and Uruguay reached US$124 million last year, of which Vietnam’s exports were valued at US$41 million.

In the first five months of this year, Vietnam exported goods worth US$11 million to the southern American country with US$25 million in imports.

Vietnam exported sports footwear, electronics and marine products to Uruguay, and imported leather, material wood, cereals, beef and cotton.