At the eighth Meeting of the Vietnam–Argentina Intergovernmental Committee on Economic, Trade and Scientific–Technological Cooperation was held online on October 24, both sides reviewed recent cooperation outcomes and highlighted the strong growth of bilateral trade over the past decade, particularly in agriculture and industry.
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Deputy Minister of Industry and Trade Phan Thi Thang (middle) and Argentine Ambassador to Vietnam Marcos Antonio Bednarski (second from right) at the online meeting from Hanoi (Photo: moit.gov.vn) |
The two sides welcomed Argentina’s inauguration of its Agro-Industrial Attaché Office in Vietnam in early July, viewing it as a new milestone in bilateral cooperation. This is one of only six specialized agricultural and industrial offices established by Argentina abroad, reflecting Vietnam’s strategic importance to Argentina.
Argentina is currently Vietnam’s third-largest trading partner in Latin America, while Vietnam ranks as Argentina’s sixth-largest partner worldwide. In 2024, bilateral trade reached 4.1 billion USD, up 19% year-on-year, with a highly complementary trade structure.
Addressing the meeting, Thang emphasized that Argentina, as an active member of the Southern Common Market (MERCOSUR), serves as a gateway for Vietnamese goods to enter the South American market, while Vietnam will continue to act as a bridge for Argentina to access ASEAN and the wider Asia–Pacific region.
For his part, Argentine Deputy Foreign Minister Fernando Brun reaffirmed that Argentina is a reliable, stable, and promising trading partner of Vietnam.
He noted that at the MERCOSUR Ministerial Meeting on September 16, member countries had highlighted the priority of fostering dialogue with Vietnam to strengthen economic and trade ties. He also reiterated Argentina’s support for the early launch of trade negotiations between MERCOSUR and Vietnam.
Thang called on Argentina to continue supporting, within MERCOSUR forums, the early start of trade agreement negotiations between Vietnam and the bloc. She affirmed that the signing of such an agreement would lay an important foundation for both sides to harness their advantages, create new momentum for trade growth, and develop a strategic economic and trade partnership between Vietnam and MERCOSUR.
Both sides agreed with the recommendations of the Technical Group on promoting the signing of cooperation agreements in agriculture, finance, transport, and science and technology, thereby creating a favorable legal framework for joint activities. They also stressed the need to expand cooperation in emerging fields such as information technology, space science, the peaceful use of nuclear energy, agriculture, and livestock.
Source: VNA