Argentinian businesses hail investment environment in Vietnam
Argentina's newspaper La Nacion has run an article highlighting the business climate in Vietnam and encouraging the country's firms to explore the Southeast Asian market.
Argentinian businesses hail investment environment in Vietnam (Photo: VNA)
Buenos Aires (VNA) - Argentina's newspaper La Nacion has run an article highlighting the business climate in Vietnam and encouraging the country's firms to explore the Southeast Asian market.
The article underlined that Vietnam is the 10th largest economy in Asia with its GDP reaching 410 billion USD, a forecast growth of 6.5% and inflation of 3.4% in 2024.
In the first 11 months of 2023, Argentina exported nearly 2 billion USD worth of goods to Vietnam, and enjoyed a trade surplus of 640 million USD, it noted.
However, it pointed out that there are only a few Argentinian investors in Vietnam,.
It quoted Argentinian entrepreneurs Guillermo Cena and Santiago Campanera, who are running their business in Vietnam, as speaking highly of Vietnam - a land of opportunities for Argentinian exporters and investors.
Cena advised investors to make long-term plans and stay open to be ready to accept differences in culture, and asserted that the 100-million-strong market of Vietnam is a promising land for Argentinian products and services, with a high demand for high-quality food products.
Meanwhile, Campanera stressed that Vietnam is an open market economy, and called on Argentinian firms to explore opportunities in this stable and expanding economy. The Vietnamese Government always creates chances for production development and global integration, he stated.
Cena said that he plans to diversify agricultural products imported from Argentina in Vietnam, while Campanera advised Argentinian enterprises to launch businesses in Vietnam to better explore the demand of the local market./.
Vietnamese President Vo Van Thuong and his Argentinian counterpart Alberto Angel Fernandez on October 25 exchanged letters of congratulations on the occasion of the 50th anniversary of the bilateral diplomatic ties (October 25, 1973-2023).
Over the past five decades, Vietnam and Argentina have achieved numerous accomplishments in key areas with respect to bilateral ties, emerging as a shining example of South-South cooperation.
The Vietnamese Embassy in Argentina on December 22 organised an event to promote Vietnamese culture and cuisine, wrapping up a series of activities commemorating the 50th anniversary of the establishment of diplomatic relations between Vietnam and Argentina.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
Argentinian businesses hail investment environment in Vietnam (Photo: VNA) 
