A webinar was held recently to delve into the diversification and exploitation of new opportunities in Vietnam – Argentina economic cooperation.

Co-organised by the Vietnamese Embassy in Argentina and the Mercosur-ASEAN Chamber of Commerce, the event aimed to introduce to Argentinean enterprises the business climate and functioning mechanism of the Vietnamese market and discuss Argentina’s policies to encourage investment and import-export.

Vietnamese Ambassador Duong Quoc Thanh said Vietnam has so far managed to control the COVID-19 pandemic and sustain its economic development to an encouraging level compared to the regional and global average levels.

The Vietnamese Government always creates favourable conditions for domestic and foreign investors to invest and trade within their capacity, he affirmed.

Praising the Vietnam – Argentina trade, which saw a four-fold increase in the 2010-2019 period, Thanh hoped the webinar will allow the sides to put forth new ideas and discuss recommendations for the diversification of their traded goods and post-pandemic cooperation.

The ambassador suggested the sides exchange their products of strength like Vietnam’s electronic devices and mobile phones and Argentina’s  medicine and eco-diesel products.

Joint investment projects in IT, digitization, nuclear technology for peaceful purposes, and social housing also need consideration, he added.

Pablo Enrique Sivori, Undersecretary for Trade Strategy and Economic Promotion at the Argentina Ministry of Foreign Affairs, International Trade and Worship, said the Argentinean Government always highly evaluates the potential of Asian markets, which account for 80% of the nation’s export turnover.

Vietnam is one of the prioritised partners of Argentina, he stressed.