Vietnamese Ambassador Nguyen Hoai Duong (left) and Mexican Secretary of Economy Idelfonso Guajardo Villarreal pose for a photo at the meeting. (Photo: VNA)Mexico (VNA) – Vietnamese Ambassador Nguyen HoaiDuong paid a courtesy call on Mexican Secretary of Economy Idelfonso GuajardoVillarreal in Mexico City to discuss ways to bolster the two countries’economic and trade relations.
Secretary of Economy Idelfonso Guajardo Villarreal highlyspoke of the Vietnam-Mexico trade relations in recent years that see a growthof 10 – 15 percent annually.
Vietnam is now Mexico’s 8th biggest tradepartner in Asia-Pacific while Mexico is Vietnam’s 2nd largest tradepartner in Latin America, he said, citing the Mexican Ministry of Economy’sstatistics that showed bilateral trade hit nearly 5 billion USD last year. Inthe first quarter of 2018, the trade was estimated at about 1 billion USD.
Idelfonso Guajardo also hailed Vietnam for itssignificant dedication to the conclusion of the Comprehensive and ProgressiveAgreement for Trans-Pacific Partnership (CPTPP) and expressed his hope thatVietnam will soon ratify the treaty so it will enter into force in early 2019as expected, to further facilitate the cooperation in economics, trade andinvestment between the two sides.
Ambassador Duong, for his part, congratulated Mexico asthe first member state to ratify the CPTPP.
The Vietnamese diplomat also expressed his thanks for theefforts of the secretary and the Mexican Ministry of Economy in fostering thebilateral trade and economic ties that is important to Vietnam’s internationaleconomic integration.
He expected the Ministry of Economy to support theEmbassy of Vietnam to connect enterprises from the countries, open the localmarket for Vietnamese high-quality products and encourage Mexican investors todo business in Vietnam, a market of more than 90 million people and a gatewayto the Southeast Asia, paving the way for greater connectivity between ASEANand the Pacific Alliance that comprises of Mexico, Colombia, Peru andChile.-VNA
VNA
