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Viet Nam, Uruguay make trade promises
Viet Nam and Uruguay plan to help each other enter their respective regional economies, government and business officials of the two countries have said.
The two governments will create the necessary conditions to help businesses, with Viet Nam acting as the bridge for Uruguay's companies to enter Southeast Asia, and Uruguay the gateway for Vietnamese firms to tap the South American region.
Speaking at a seminar on Viet Nam - Uruguay business opportunities organised in HCM City on Wednesday, Nguyen The Hung, deputy director of the Viet Nam Chamber of Commerce and Industry (VCCI), said potential for further trade existed, especially in the breeding, agriculture and forestry, biological technology, paper and rice industries.
Le Manh Ha, deputy chairman of the HCM City's People's Committee, who also spoke at the meeting, said that Viet Nam welcomed foreign investors, and would export more rice, garments and telecom equipment as well as agri-forestry products.
Uruguay's vice president, Danilo Astori, told seminar participants that his country had an open economy with a good regional location.
"The country cares a lot about investment in Asia, and is committed to having a stable investment environment for foreign investors," said he added.
He said that Uruguay treated foreign and domestic investors in the same way.
During the seminar, representatives from Uruguay spoke about their free trade areas and port infrastructure.
Besides calling for more Vietnamese exports, they said they could help Viet Nam tap the Mercosur, South America's leading trade bloc, comprising Argentina, Brazil, Paraguay, Uruguay and Venezuela.
Trade relations between Viet Nam and Uruguay have occurred for many years, but total value remains modest.
In 2007, trade turnover between the two countries was US$27 million, but increased to more than $64.6 million in 2010 and $75 million last year. In the first eight months of this year, bilateral trade was more than $45.2 million.
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