Business

Peru, Vietnam bolster trade and IP relations

Vietnam and Peru have recently held an expert-level meeting in Hanoi, aiming at promoting bilateral relations in trade and intellectual property, among others.
Vietnam and Peru have recently held an expert-level meeting inHanoi, aiming at promoting bilateral relations in trade andintellectual property, among others.

The meetingwas agreed upon by the two sides at the third session of the politicalconsultation taking place last month in Lima.

Inthe context of the sound development between the two countries inrecent years, Peru announced in March that it will open an embassy inVietnam to enhance its ‘strategic presence’ in Asia-Pacific as well asto continue expanding politics-diplomacy, and trade ties with SoutheastAsia.

Since the establishment of diplomatic ties in1994, two-way trade between Vietnam and Peru hit 180 million USDin 2012, tripling the figure five years ago.

TheVietnam National Oil and Gas Group (PetroVietnam) and the telecoms groupViettel are implementing important projects in Peru.-VNA
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