Businesses seek opportunities in South America

(VOV) – A large number of Vietnamese and Argentinean businesses attended a business forum in Buenos Aires on May 28.

The forum was held during a fact-finding tour by a delegation of 12 Vietnamese businesses operating in the fields of construction, infrastructure development, water supply, and waste treatment, as well as food, farming and plastic products.

President of the Argentinean Chamber of Commerce (CAC), Carlos Raul dela Vega, Director of the Argentinean Foreign MinistryExports Promotion Agency, Agustin Wydler, Vietnam Chamber of Commerce and Industry (VCCI) official Nguyen Vu Kien and Vietnamese Ambassador to Argentina Nguyen Van Dao spoke highly of the potential for economic cooperation between the two countries.

They agreed that the global economic crisis has created an opportunity for both sides to support each other and increase mutually beneficial cooperation within the framework of South-South Cooperation in trade, investment, and other fields.

Argentinean participants emphasised that Vietnam is a potential market of around 90 million consumers and with high and steady economic growth.

Vietnamese businesses met with their Argentinean counterparts at the forum to seek cooperation opportunities in technology transfer, product development, product distribution and joint venture partnerships.

On the same day, the Vietnam-Argentina Centre held meetings among business representatives from the two countries.

Carlos Castelli, President of the Blue Star Group, which has 530 shops in Chile, Mexico, Peru and Argentina, said his group plans to open its first shop in Vietnam in the near future.

Two-way trade between Vietnam and Argentina has gradually increased to US$1 billion in 2011, and it reached nearly US$244 million in the first quarter of this year, up 33 percent over the same period in 2012.