Vietnam, Mexico establish committee on economic cooperation
Vietnam and Mexico have agreed to set up a joint committee on economic, trade, and investment cooperation.
Vietnamese Minister of Industry and Trade Vu Huy Hoang (Source :VNA)Hanoi (VNA) – Vietnam and Mexico have agreed to set up a joint committee on economic, trade, and investment cooperation.
The agreement to this effect was inked by Vietnam Minister of Industry and Trade Vu Huy Hoang and Mexican Secretary of Economy IIdefonso Guajardo Villarreal in Auckland, New Zealand on February 4 on the sidelines of the signing ceremony for the Trans-Pacific Partnership (TPP) agreement.
The committee will be co-chaired by the two ministers and is expected to co-ordinate the two countries’ cooperational activities in the fields.
After 40 years since the establishment of diplomatic ties, the two countries’ economic, trade and investment cooperation has developed remarkably well but it is still below its full potential.
The formation of the joint committee aims to take full advantage of the opportunities presented by TPP, to which the two countries are signatory states.
Vietnam and Mexico established diplomatic relations on May 19, 1975 and since then the politic-diplomatic relationship between the two countries has developed both bilaterally and through multilateral forums.
The economic-trade cooperation between the two countries has seen strong strides and Mexico was Vietnam’s second large trade partner in South America, behind only Brazil. Meanwhile, Vietnam was Mexico’s 12th largest trade partner in the Asian-Pacific region.-VNA
You should also see
InfographicADB maintains 2024 economic growth forecast for Vietnam
In its April 2024 Asian Development Outlook (ADO) report, the Asian Development Bank (ADB) has maintained its earlier forecast for Vietnam’s economic growth this year, despite ongoing uncertainties from the external environment. Vietnam’s economy is expected to achieve a growth rate of 6.0% in 2024 and 6.2% in 2025.
See more
Business
Vietnam an attractive destination for electronics, semiconductor investors: Official
Vietnam has strong infrastructure and research and development incentives as well as a skilled workforce, making it an attractive for “eagles” worldwide in the electronics and semiconductor industry, according to Deputy Minister of Planning and Investment Tran Duy Dong.
Business
Lam Dong strives to develop tea industry towards sustainable development
The Central Highlands province of Lam Dong aims to develop its tea industry to 2030 towards sustainable development by improving efficiency and fostering links between tea production, processing, and consumption. The province is also striving to replace aging tea plantations with high-quality tea varieties to enhance productivity.
Business
Vietnam treasures multifaceted cooperation with Côte d'Ivoire: Deputy FM
Vietnam always attaches importance to and wishes to bolster multifaceted cooperation with Côte d'Ivoire – its traditional friendship partner in Africa, Deputy Minister of Foreign Affairs Nguyen Minh Hang has said.
Videos
Foreign investment driven towards new breakthrough phase
Vietnam has so far drawn nearly 500 billion USD in registered FDI capital after nearly four decades of opening up its economy, with investment quality improvement considered a key task for a new breakthrough phase ahead.
Business
Quang Ninh attracts additional 115 million USD from Japan investors
The Quang Ninh Economic Zone Authority (QEZA) presented investment certificates to two Japanese projects worth 115 million USD in total at a conference held at Song Khoai Industrial Park (IP) on April 19.
