Argentinian businesses hail investment environment in Vietnam
Argentina's newspaper La Nacion has run an article highlighting the business climate in Vietnam and encouraging the country's firms to explore the Southeast Asian market.
Argentinian businesses hail investment environment in Vietnam (Photo: VNA)
Buenos Aires (VNA) - Argentina's newspaper La Nacion has run an article highlighting the business climate in Vietnam and encouraging the country's firms to explore the Southeast Asian market.
The article underlined that Vietnam is the 10th largest economy in Asia with its GDP reaching 410 billion USD, a forecast growth of 6.5% and inflation of 3.4% in 2024.
In the first 11 months of 2023, Argentina exported nearly 2 billion USD worth of goods to Vietnam, and enjoyed a trade surplus of 640 million USD, it noted.
However, it pointed out that there are only a few Argentinian investors in Vietnam,.
It quoted Argentinian entrepreneurs Guillermo Cena and Santiago Campanera, who are running their business in Vietnam, as speaking highly of Vietnam - a land of opportunities for Argentinian exporters and investors.
Cena advised investors to make long-term plans and stay open to be ready to accept differences in culture, and asserted that the 100-million-strong market of Vietnam is a promising land for Argentinian products and services, with a high demand for high-quality food products.
Meanwhile, Campanera stressed that Vietnam is an open market economy, and called on Argentinian firms to explore opportunities in this stable and expanding economy. The Vietnamese Government always creates chances for production development and global integration, he stated.
Cena said that he plans to diversify agricultural products imported from Argentina in Vietnam, while Campanera advised Argentinian enterprises to launch businesses in Vietnam to better explore the demand of the local market./.
Vietnamese President Vo Van Thuong and his Argentinian counterpart Alberto Angel Fernandez on October 25 exchanged letters of congratulations on the occasion of the 50th anniversary of the bilateral diplomatic ties (October 25, 1973-2023).
Over the past five decades, Vietnam and Argentina have achieved numerous accomplishments in key areas with respect to bilateral ties, emerging as a shining example of South-South cooperation.
The Vietnamese Embassy in Argentina on December 22 organised an event to promote Vietnamese culture and cuisine, wrapping up a series of activities commemorating the 50th anniversary of the establishment of diplomatic relations between Vietnam and Argentina.
An online seminar on strengthening trade relations through international trade fairs, held by the Vietnam Trade Office in India on June 25, saw the participation of nearly 50 Vietnamese seafood companies and 50 Indian enterprises in sectors of processed food, agricultural products, fruits, and spices.
The vehicles will be deployed for mail and parcel delivery by Hanoi Post, marking another step in the strategic partnership between the two firms since 2021. With this batch, the total number of electric motorbikes Honda has supplied to Vietnam Post has reached 405, operating primarily in key cities such as Hanoi and Ho Chi Minh City.
With participation from major players representing countries such as Russia, China, Japan, India, Thailand, and Indonesia, Vietbuild 2025 is expected to present a wide range of environmentally friendly and innovative products and services, especially building materials, machinery, and interior and exterior decoration.
Bulgaria holds strengths in sectors that align well with Vietnam’s development focus, including information technology, software, electronics, energy and the environment, startups and innovation, agriculture and food processing, logistics, and freight services.
Vietnam Airlines is pursuing an Environmental, Social, and Governance (ESG) roadmap to reduce emissions, improve fuel efficiency, and adopt sustainable aviation fuels. It is also investing in workforce development, corporate culture, and international management practices.
Thailand's largest retailer, Central Retail Corporation (CRC), will invest over 45 billion THB (1.38 billion USD) through 2027 to expand mainstream markets and accelerate growth across Southeast Asia, including Thailand and Vietnam.
Vietnam ranks among Asia’s top producers and exporters of denim, with hundreds of factories producing denim fabric and garments. Vietnamese denim products are now exported to over 70 countries.
In 2024, durian was a leading export among Vietnam’s fruits and vegetables, earning a record of 3.3 billion USD and accounting for 46% of the sector’s total export value. China was the largest market, importing 3.2 billion USD worth of durians, or 97% of the total.
The arrival of this first wind power equipment shipment signalled the Trung Nam Ca Na seaport’s infrastructure readiness and its entry into a new phase of development, aligned with Vietnam’s adjusted National Power Development Plan VIII.
PM Pham Minh Chinh has called on global tech giants to bolster cooperation with Vietnam to assist with the country's efforts to drive a startup and innovation ecosystem.
Prime Minister Pham Minh Chinh had meetings with leaders from multinational corporations on June 25, advancing Vietnam’s infrastructure development as well as food processing sector, on the sideslines of the 16th Annual Meeting of the New Champions of the World Economic Forum (WEF) in Tianjin city.
According to UOB, following the US’s announcement of reciprocal tariffs of 46% on Vietnamese goods on April 2, around 80% of Vietnamese businesses have proactively taken measures to respond to potential impacts.
As one of the most prestigious annual international events in the industry, the expo serves as a prime platform for enterprises to connect, exchange valuable experience, and explore reliable collaboration opportunities with both domestic and international companies.
Organised by the Vietnamese Embassy and Trade Office, Vietnam's national booth showcases catalogues and product samples from over 30 Vietnamese companies, spanning key sectors such as agriculture, seafood, food and beverages, footwear, textiles, furniture, plastics, construction materials, and industrial machinery.
Argentinian businesses hail investment environment in Vietnam (Photo: VNA) 
