It was reported at the fifth meeting of the Vietnam-Argentina Inter-Governmental Committee in Hanoi on December 2. The meeting was jointly chaired by 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.
The Ministry of Industry and Trade’s report showed that the bilateral trade between Vietnam and Argentina between January to early November, 2016 experienced an increase of 13.1 percent compared to the same period last year.
Vietnam earned 302.3 million USD from exports to Argentina as of early November and spent 2.12 billion USD on imports from the Latin American country, up 15.8 percent. The figure is estimated at nearly 3 billion USD this year.
Regarding investment cooperation, Deputy Minister Do Thang 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.
Argentina is currently investing in four projects worth 3.2 million USD in Vietnam, ranking 80th out of 112 countries and territories investing in the country.
Deputy Minister Do Thang 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.
