South American firms interested in Vietnamese market: Expert
Vietnam – a populous country with rapid economic growth and sound engagement in the global supply chain - has attracted interest from South American enterprises, according to Dr. Ignacio Bartesaghi, Director of the International Business Institute of the Catholic University of Uruguay.
Dr. Ignacio Bartesaghi, Director of the International Business Institute of the Catholic University of Uruguay. (Photo: VNA)
Buenos Aires (VNA) - Vietnam – a populous country with rapid economicgrowth and sound engagement in the global supply chain - has attracted interest fromSouth American enterprises, according to Dr. Ignacio Bartesaghi, Director ofthe International Business Institute of the Catholic University of Uruguay.
Ina recent interview granted to the Vietnam News Agency, he affirmed that Vietnam hasmade significant transformation in recent years, with a great ability to lureforeign investment.
Speaking highly of Vietnam’s foreign policy, he said it helps the country setup close relations with world’s powers and regional countries.
He particularly stressed that Vietnam and Uruguay hold huge potential foreconomic cooperation, given the complementary nature of the two economies.
Uruguayan exporters will find opportunities in the Vietnamese market, andUruguay also stands ready to welcome Vietnamese investors, he said.
Regarding the resumption of the negotiations for a free trade agreement (FTA)between Vietnam and the Southern Common Market (Mercosur), Bartesaghi said thepact will be a wonderful opportunity for the bloc’s members, including Brazil,Argentina, Uruguay, and Paraguay, to bolster connectivity with Vietnam so as todiversify linkages with Asia-Pacific and open up new markets.
The negotiations between Mercosur and the EU has reached the stalemate, and this could be an opportunity for ASEAN countries after Singapore and the blockclinched an FTA in 2023.
Mercosur could provide agricultural products for Vietnam and Indonesia while the two Southeast Asian countries could sell machines as well astechnological and electronic products to Mercosur, he said./.
The Ministry of Industry and Trade (MoIT) is taking measures to promote the negotiations of a free trade agreement (FTA) with the Southern Common Market (Mercosur - including Brazil, Argentina, Uruguay, and Paraguay), which is expected to be a driving force for Vietnam to tap the Latin American market.
Vietnamese Ambassador to Brazil Bui Van Nghi has affirmed that Brazilian President Luiz Inacio Lula da Silva is highly interested in advancing bilateral relations with Vietnam.
Outgoing Vietnamese Ambassador to Uruguay Duong Quoc Thanh on January 30 came to bid farewell to Uruguayan Minister of Foreign Affairs Omar Paganini who affirmed that there is plenty of room for the two countries to further step up cooperation.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Dr. Ignacio Bartesaghi, Director of the International Business Institute of the Catholic University of Uruguay. (Photo: VNA) 
