There is ample room for Vietnam to expand trade and business links withcountries in the Mercosur bloc, according to participants at aconference on business opportunities with countries in the sub-regionalbloc comprising Argentina, Brazil, Paraguay, Uruguay and Venezuela.
The conference was held in Hanoi by the VietnamChamber of Commerce and Industry and the Mercosur-ASEAN Chamber ofCommerce (MACC) to boost economic cooperation between the Vietnamesebusiness community and businesses from countries in the Mercosur bloc aswell as the bloc’s associate countries.
Addressing the conference, Pham Thi Thu Hang, General Secretary of theVCCI, underlined that Vietnam and Latin American countries have a strongopportunity to develop economic relations because their economicstructures are highly complementary.
Tradevolume between Vietnam and 33 Latin American countries in 2014 reached9.5 billion USD, up 40.7 percent from 2013, the highest level thus far.
Brazil makes up for 3.3 billion USD, followed by Argentina with 1.9 billion USD and Chile with 890 million USD.
Vietnam mainly exported footwear, garments and textiles, electronicsproducts, refrigeration appliances, rubber, electric motors, opticdevices, rice, coffee and coal.
Latin Americahas become an increasingly important source of materials for Vietnam’sproduction of footwear, steel, plastics, animal food and soybean andcotton.
According to President of the MACCRodolfo Caffaro Kramer, despite encouraging achievements, the tradebetween Vietnam and the Mercosur bloc is still below potential.
Besides traditional partners such as Cuba, Brazil, Argentina, andChile, trade links between Vietnam with other Latin American countriescontinues to be limited, he said.-VNA
The conference was held in Hanoi by the VietnamChamber of Commerce and Industry and the Mercosur-ASEAN Chamber ofCommerce (MACC) to boost economic cooperation between the Vietnamesebusiness community and businesses from countries in the Mercosur bloc aswell as the bloc’s associate countries.
Addressing the conference, Pham Thi Thu Hang, General Secretary of theVCCI, underlined that Vietnam and Latin American countries have a strongopportunity to develop economic relations because their economicstructures are highly complementary.
Tradevolume between Vietnam and 33 Latin American countries in 2014 reached9.5 billion USD, up 40.7 percent from 2013, the highest level thus far.
Brazil makes up for 3.3 billion USD, followed by Argentina with 1.9 billion USD and Chile with 890 million USD.
Vietnam mainly exported footwear, garments and textiles, electronicsproducts, refrigeration appliances, rubber, electric motors, opticdevices, rice, coffee and coal.
Latin Americahas become an increasingly important source of materials for Vietnam’sproduction of footwear, steel, plastics, animal food and soybean andcotton.
According to President of the MACCRodolfo Caffaro Kramer, despite encouraging achievements, the tradebetween Vietnam and the Mercosur bloc is still below potential.
Besides traditional partners such as Cuba, Brazil, Argentina, andChile, trade links between Vietnam with other Latin American countriescontinues to be limited, he said.-VNA
