Chilean press highlights rise in trade with Vietnam

The Asia-Pacific portal at the Chilean Congress’s Library has run an article highlighting trade between Vietnam and Chile in recent years.

According to the article, the two countries are expected to inform each other of the finalising of negotiations on the bilateral free trade agreement, during an official visit to Chile by State President Nguyen Minh Triet from Sept. 27.

Themed “Trade connects Chile and Vietnam,” the article described Vietnam as an economy with many prospects. The Asian nation began its economic reforms in 1986 and has become one of the fastest growing economies in the region in recent years and a promising destination for investors thanks to a young population and increasing purchase power.

Two-way trade between Chile and Vietnam reached nearly 177.38 million USD in 2008, a year-on-year increase of 9 percent, according to the Chilean export promotion agency (ProChile).

Trade rose by 39.3 percent to 147.71 million USD in the first seven months of this year.

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