Business

Forum to boost investment trade with South America

Policymakers and businesses from at least 27 South American countries are expected to attend the first ministerial level Vietnam-South America forum on trade and investment, scheduled in Hanoi between July 5-6.
Policymakers and businesses from at least 27 South American countriesare expected to attend the first ministerial level Vietnam-South Americaforum on trade and investment, scheduled in Hanoi between July 5-6.

Prime Minister Nguyen Tan Dung, ministers, cities' leaders, andCEOs are scheduled to attend. The forum will focus on ways to increaseties between Vietnam and South America , especially in areas oftrade, economics, commerce, telecommunications, transportation,agriculture and energy.

With GDP totaling more than 5500billion USD and a population of 580 million, the region presents greatinvestment opportunities for Vietnamese companies, said Le Cong Tien,deputy head of the Foreign Affairs Ministry's Department for SouthAmerica .

"Many of our top corporations are alreadyimplementing major projects in South American countries especially inoil and gas as well as telecommunications," he said. "So this forum willallow both policymakers and businesses from both sides to explorefurther opportunities."

Trade turnover between Vietnamand South America totaled 4.5 billion USD in 2011, nearly 15 timeshigher than the $300 million in 2000.-VNA
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