VN, Paraguay expand trade, investment promotion
VN, Paraguay expand trade, investment promotion
The Vietnamese Embassy in Paraguay and the Paraguay-Vietnam Trade, Industry and Culture Chamber held a get-together in Asuncion on May 29, with businesses of the Latin American country.
Vietnamese Ambassador to Argentina and Paraguay Nguyen Van Dao introduced major characteristics of Vietnam’s socio-economy as well as its trade and investment policies.
He also stressed the developments in trade cooperation between Vietnam and Paraguay and the Latin American countries.
The ambassador also took the occasion to invite Paraguay enterprises to attend the ministerial meeting on trade and investment with Latin America, to boost cooperation potential in that area.
Paraguayan businesses expressed a desire to cooperate with Vietnam. Some of them said they will attend the Vietnam-Latin America Trade and Investment Forum in Hanoi in early July.
According to Paraguayan customs, two-way trade between Paraguay and Vietnam has surged in recent years, reaching a record high of $51 million USD in 2011, of which Vietnam exported $13.7 million.
Vietnam exports sport shoes, electric fans, motorcycle spare parts, water pumping machinery and garments to Paraguay and imports soybean powder and oil, beef, wheat, maize, leather, wood and cotton from the Latin American country.
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