Early morning of April 26 (Vietnam time), at the headquarters of the Ministry of Foreign Affairs , Foreign Trade and Religious Affairs of Argentina in the capital Buenos Aires, within the framework of an official visit to Argentina, National Assembly Chairman Vuong Dinh Hue attended the Vietnam - Argentina Business Forum.
National Assembly Chairman Vuong Dinh Hue attended the Vietnam - Argentina Business Forum. Photo: Doan Tan
Speaking at the forum, Secretary of State Cecilia Todesca Bocco said that trade exchanges and the complementary economies of the two countries have contributed to the strengthening of bilateral economic and trade cooperation in recent times. In the past 5 years, the trade turnover between the two countries has increased by 54%. Vietnam is Argentina's 6th largest trading partner with exports reaching 3.2 billion USD and imports from Vietnam reaching 1.24 billion USD.
Regarding the structure of trade, Argentina's exports to Vietnam focus on beans and corn; imports from Vietnam are mainly industrial products, footwear, rubber, machinery, etc.
Ms. Cecilia Todesca Bocco assessed that the two countries still have much room for cooperation. Argentina can add many export products to Vietnam to expand and diversify economic and trade relations. Therefore, the two countries need to promote cooperation between provinces, cities, ministries and sectors.
Vice Chairman of the National Assembly Tran Quang Phuong said that Argentina, as an active member of MERCOSUR, will be the gateway for Vietnamese goods to penetrate the South American market. Meanwhile, Vietnam will always be a solid bridge for Argentina to enter the Association of Southeast Asian Nations (ASEAN) market as well as the Asia-Pacific region.
The Vice Chairman of the National Assembly suggested that both sides discuss and pay attention to promoting the diversification of traditional import and export products to increase turnover and gradually balance the bilateral trade balance.
Specifically, Vietnam wants to promote the export of high-quality, strong products that meet the needs of the Argentine market, such as textiles, footwear, agricultural and aquatic products, wooden products and furniture, construction materials, etc. In the opposite direction, Argentina continues to export corn, soybeans, etc. with stable supply and prices to Vietnam.
Vice Chairman of the National Assembly Tran Quang Phuong hopes that Vietnam and Argentina will accelerate negotiations on a free trade agreement between Vietnam and the MERCOSUR bloc. This agreement will create an important breakthrough for businesses of the two countries to gain a competitive advantage in accessing each other's markets.
Early morning of April 26, in the capital Buenos Aires, during his official visit to the Republic of Argentina, National Assembly Chairman Vuong Dinh Hue met with officials and staff of the Embassy and the Vietnamese community currently living, studying and working in Argentina.
National Assembly Chairman Vuong Dinh Hue met with officials and staff of the Embassy and the Vietnamese community currently living, studying and working in Argentina.
At the meeting, National Assembly Chairman Vuong Dinh Hue awarded the Friendship Medal of the State of Vietnam to the Argentina - Vietnam Cultural Institute (ICAV) and ICAV President Poldi María Sosa.
National Assembly Chairman Vuong Dinh Hue awarded the Friendship Medal of the State of Vietnam to the Argentina - Vietnam Cultural Institute (ICAV) and ICAV President Poldi María Sosa personally.
Expressing her honor to receive the Friendship Medal, ICAV President Poldi María Sosa shared that in her 26 years working at ICAV, she considered it not only a job but also a love for Vietnam. All ICAV members love Vietnam.
Previously, at the headquarters of the Argentine Ministry of Foreign Affairs, Foreign Trade and Religious Affairs, National Assembly Chairman Vuong Dinh Hue attended the event celebrating "50 years of Vietnam-Argentina relations: Present and future".
National Assembly Chairman Vuong Dinh Hue talks with delegates attending the anniversary event
National Assembly Chairman Vuong Dinh Hue affirmed that Vietnam attaches great importance to and wishes to promote mutually beneficial cooperation with the Latin American region. Vietnam currently has diplomatic relations with all 33 countries in the Latin American region.
Here, National Assembly Chairman Vuong Dinh Hue witnessed the signing ceremony of cooperation documents between ministries, branches and agencies of the two countries, including: Extradition Agreement; Agreement on transfer of sentenced persons; Agreement on mutual legal assistance in criminal matters; Memorandum of Understanding on cooperation between the Ministry of Industry and Trade of Vietnam and the Ministry of Foreign Affairs, Foreign Trade and Religion of Argentina. Agreement on professional cooperation between Vietnam News Agency and the National News Agency of Argentina.
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