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Argentine businesses eye investment in Vietnam

Many Argentine businesses have showed their interest in developing cooperation, particularly in tourism, with Vietnamese partners.

Hanoi (VNA) – At a seminar on Vietnam-Argentina business cooperation held in Hanoi on August 11, Argentina ’s leading entrepreneurs scrutinised Vietnam ’s policies for foreign investors.

Vice President of the Vietnam Chamber of Commerce and Industry (VCCI) Hoang Van Dung said there are vast opportunities for Argentine investors in Vietnam as the Southeast Asian country needs some 140 billion USD to develop infrastructure, energy, agro-fisheries, light industry, tourism, mining, transport and mechanical engineering during the 2006-10 period.

Deputy Minister of Industry and Trade Do Huu Hao appreciated Argentine Ambassador Thomas Ferrari’s efforts to boost bilateral relationship and his initiative in organising the seminar to enhance Vietnam-Argentina economic ties.

The seminar was held on the occasion of the Vietnam visit by an Argentine business delegation led by State Secretary for Foreign Affairs Ambassador Luis Kreckler.

Argentina is currently the biggest South American trade partner of Vietnam in term of trade volume with over 450 million USD recorded in 2007, surging 500 percent over the figure of 2000.

 
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