Illustrative image (Source: VNA)

Hanoi (VNA) – A Vietnam-Argentina business forum took place in Hanoi on July 31 as one of the activities during the official visit to Vietnam by Argentine Minister of Foreign Affairs and Worship Jorge Faurie.

Addressing the function, co-hosted by the Argentine Embassy in Vietnam and the Vietnamese Ministry of Industry and Trade, Minister Jorge Faurie said he is pleased with the fine bilateral relations and the growth in two-way trade.

He stressed that celebrating the 45th anniversary of bilateral diplomatic ties (October 25, 1973-2018) is an important milestone in the cooperation between the two nations.

He expressed his hope that the Vietnam-Argentina relationship will continue to thrive in the time to come with the increase of visits and all-level delegation exchanges.

Argentina will do its best to boost and diversify trade ties and multi-faceted cooperation with Vietnam, he said, adding that Argentine businesses pay attention to collaboration in biodiversity, services, pharmaceuticals and technology with Vietnam.

Affirming Argentina as the second largest trade partner of Vietnam in the Latin American region, Doan Thi Thu Thuy, deputy head of the Ministry of Industry and Trade’s Trade Promotion Department, said Vietnam is the fifth largest import market of Argentina globally.

Two-way trade has seen encouraging growth in recent years, hitting 3 billion USD in 2017. Vietnam exports to Argentina garment materials, footwear, machinery, equipment and spare parts, while importing animal feed, materials, corn, wheat and some seafood products from the Latin American country.

These outcomes reflect the efforts made by diplomatic, economic, industrial and agricultural agencies of the two countries, Thuy said, adding that trade connection activities have been organised regularly and effectively with the active and responsible engagement of both sides’ business communities.

At the forum, representatives from Vietnamese and Argentine businesses studied bilateral trade and economic relations and investment opportunities as well as promoted connections in the fields of foodstuff, processed food, beverages, fruit, animal feed and pharmaceuticals.-VNA