Argentina aims to up exports to Vietnam


Speaking at a business matching event in HCM City on November 29, she said Argentina and Vietnam have a very good partnership, especially in trade, as shown by their rising trade in recent years.

Vietnam has become the fourth biggest importer of Argentina, buying more than US$2.5 billion worth of products from the country this year to October.

Of Argentina’s exports to Vietnam, soybean meal accounted for nearly 59%, maize 29%, and wheat 5%.

She said through her visit Argentina hopes to diversify its exports to Vietnam by also shipping beef, goat meat, pork and aquatic products.

“I am also working to open more market opportunities for Vietnam. Argentina is very interested in Vietnamese fruits and garments and textiles,” she said.

Nearly half of the Argentinian companies represented in her delegation have done business with Vietnam and so already know the market and about businesses here, she said, adding that the Vietnamese embassy in Argentina is very supportive in providing market information.

Ho Xuan Lam, deputy director of the HCM City Investment and Trade Promotion Centre, said his centre and the city have organised many trade promotion activities including business seminars and B2B events to acquaint local companies with the Argentinian market and solicit investment from Argentinian businesses.

Argentina is now one of Vietnam’s most important trade partner in Latin America.

Bilateral trade topped US$ 2.9 billion last year and is expected to rise to US$ 3.5 billion this year.

Vietnam mainly exports footwear, textiles, rubber, electronic parts, and plastic products and imports soybeans, soybean oil, maize, wheat, cattle feed and drugs.

Next year Vietnam and Argentina will celebrate 45 years of diplomatic ties.

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