The business circle needs to exert more efforts to foster trade andinvestment between Vietnam and Chile, particularly when the bilateralfree trade agreement has been enforced since January 1, 2014, saidNguyen The Hung, Deputy Director of the Ho Chi Minh City branch of theVietnam Chamber of Commerce and Industry.
At a workshopintroducing the Chilean market on December 16, Hung further said theenforcement of the FTA with Chile, which has the second biggest traderevenue in Latin America, will offer a multitude of opportunities forenterprises to do business.
The stable growth in two-way tradehas also laid a firm foundation for their investors, exporters, andimporters to make further inroads into each other’s market, he added.
Chilehas advantages in mining, metallurgy, fishing, wine making, and foodprocessing which turn out products in line with Vietnam’s demand.Meanwhile, the Southeast Asian country’s main exports to Chile includefootwear, garments, agricultural products, and wood and plasticproducts, Hung explained.
Nguyen Thanh Quang, a representativefrom the Chilean Consulate General’s Trade Office in HCM City, saidChile with a stable political system and a transparent investmentclimate will be a gateway for Vietnamese goods to enter other marketssince the Latin American nation currently ships commodities to the US,China, and Japan, among others.
Vietnamese firms can pour moneyinto potential fields in Chile such as food industry, forestry,services, mining, and metallurgy, he added.
Two-way trade hasbalanced over the last three years with the turnover topping 530 millionUSD in 2013, including nearly 220 million USD of Vietnamese exports.
Inthe first ten months of 2014, bilateral trade surged to over 710million USD, including nearly 420 million USD of Vietnamese shipments.-VNA
At a workshopintroducing the Chilean market on December 16, Hung further said theenforcement of the FTA with Chile, which has the second biggest traderevenue in Latin America, will offer a multitude of opportunities forenterprises to do business.
The stable growth in two-way tradehas also laid a firm foundation for their investors, exporters, andimporters to make further inroads into each other’s market, he added.
Chilehas advantages in mining, metallurgy, fishing, wine making, and foodprocessing which turn out products in line with Vietnam’s demand.Meanwhile, the Southeast Asian country’s main exports to Chile includefootwear, garments, agricultural products, and wood and plasticproducts, Hung explained.
Nguyen Thanh Quang, a representativefrom the Chilean Consulate General’s Trade Office in HCM City, saidChile with a stable political system and a transparent investmentclimate will be a gateway for Vietnamese goods to enter other marketssince the Latin American nation currently ships commodities to the US,China, and Japan, among others.
Vietnamese firms can pour moneyinto potential fields in Chile such as food industry, forestry,services, mining, and metallurgy, he added.
Two-way trade hasbalanced over the last three years with the turnover topping 530 millionUSD in 2013, including nearly 220 million USD of Vietnamese exports.
Inthe first ten months of 2014, bilateral trade surged to over 710million USD, including nearly 420 million USD of Vietnamese shipments.-VNA
