Vietnam, Uruguay sign trade, investment promotion deal
The Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry has inked a memorandum of understanding (MoU) on trade and investment promotion with Uruguay’s Investment, Export and Country Brand Promotion Agency.
At the signing ceremony on August 14 (Photo: VNA)Hanoi (VNA) – The Vietnam Trade Promotion Agency (Vietrade) under the Ministry of
Industry and Trade has inked a memorandum of understanding (MoU) on trade and investment
promotion with Uruguay’s Investment, Export and Country Brand Promotion Agency.
At the signing ceremony in Hanoi on August 14, Vietrade Director Vu Ba Phu said the MoU will serve as a cornerstone for the two sides to further cooperate in trade promotion and bring businesses of Vietnam and Uruguay closer, thereby raising bilateral trade revenue in the coming time.
He expressed his hope that the sides will increase the exchange of business delegations to enhance mutual understanding and deepen relations between Vietnamese and Uruguayan firms.
According to statistics, two-way trade stood at 140 million USD in 2018, a year-on-year rise of 19 percent. Of the figure, Vietnam exported 82 million USD worth of goods to the South American nation, up 17.3 percent from the previous year.
Vietnam’s key export staples included footwear, garments, computers, electronic products and spare parts, aquatic products, mobile phones and spare parts, and rattan, bamboo and sedge products, among others.
Meanwhile, the country mostly imported timber and wooden products, leather and footwear materials, pharmaceutical products, milk and dairy products, cattle feed and chemicals from Uruguay.-VNA
At the signing ceremony in Hanoi on August 14, Vietrade Director Vu Ba Phu said the MoU will serve as a cornerstone for the two sides to further cooperate in trade promotion and bring businesses of Vietnam and Uruguay closer, thereby raising bilateral trade revenue in the coming time.
He expressed his hope that the sides will increase the exchange of business delegations to enhance mutual understanding and deepen relations between Vietnamese and Uruguayan firms.
According to statistics, two-way trade stood at 140 million USD in 2018, a year-on-year rise of 19 percent. Of the figure, Vietnam exported 82 million USD worth of goods to the South American nation, up 17.3 percent from the previous year.
Vietnam’s key export staples included footwear, garments, computers, electronic products and spare parts, aquatic products, mobile phones and spare parts, and rattan, bamboo and sedge products, among others.
Meanwhile, the country mostly imported timber and wooden products, leather and footwear materials, pharmaceutical products, milk and dairy products, cattle feed and chemicals from Uruguay.-VNA
You should also see
Public screening of documentaries to mark anniversary of Dien Bien Phu Victory
The National Documentary and Scientific Film Studio (DSF) will host a documentary film screening programme between May 3-5 to commemorate the 70th anniversary of the Dien Bien Phu Victory (May 7, 1954 - 2024).
See more
Business
Vingroup approves 2024 business plan, to list Vinpearl on market
At the General Meeting of Shareholders held in Hanoi on April 25, Vingroup received approval for its ambitious 2024 business plan.
Business
Vietnam ranks third in Southeast Asia in startup investment attraction
Vietnam maintained its third position in the number of investment deals and regained the third place in terms of total investment in startups in Southeast Asia.
Videos
FDI flow into garment and textile sector bounces back
The flow of foreign direct investment (FDI) into the Vietnamese garment and textile sector has rebounded thanks to the country’s sound investment climate and abundant workforce as well as its open economy, according to insiders.
Videos
Banks expect credit growth from Q2
Banks are expecting an improvement in credit growth from the second quarter of 2024, especially now that loan interest rates have decreased, exports gradually recovered, and domestic consumption increased.
Business
Vietnam expected to become e-commerce powerhouse in Southeast Asia
Vietnam has emerged as one of the most promising shoppertainment markets and is expected to become an e-commerce powerhouse in Southeast Asia.
