Vietnam-Argentina trade reaches US$2.42 billion in 10 months

Deputy Minister of Industry and Trade Do Thang Hai and Argentine Ministry of Foreign Affairs and Worship’s Secretary for International Economic Relations, Ambassador Maria Cristina Boldorini co-chaired the event. 

A the signing ceremony.

According to the Ministry of Industry and Trade’s report, the two-way trade value showed a 13.1% rise from last year. Vietnam earned US$302.3 million from exports to Argentina as of early November and spent US$2.12 billion on imports from the Latin American country, up 15.8 percent. 

The figure is estimated at nearly US$3 billion this year. 

Argentina is currently investing in four projects worth US$3.2 million in Vietnam, ranking 80th out of 112 countries and territories investing in the country. 

Deputy Minister Hai said a number of commitments have been delivered in the fields of trade, investment, agriculture, culture, health care, legal medicine and science-technology since the fourth meeting in 2014. 

The two sides signed a food safety control agreement in June 2014, under which 206 Vietnamese seafood processors were allowed to export to Argentina while 36 Argentine meat producers and 221 seafood processors gained access to the Vietnamese market. 

Hai also spoke highly of joint efforts to implement technical cooperation projects within the framework of the South-South and Triangular Cooperation Fund of Argentina. 

At the meeting, the two countries agreed on 11 quarantine certificate samples for Argentine animal products, including frozen beef and lamb, milk and dairy products. 

Vietnam is working to export dragon fruit, longan, litchi and mango to Argentine market while Argentina has also applied for exporting orange, lemon, blueberry, apple, grapefruit, tangerine, pear and sweet cherry to Vietnam.