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News & Events / Events

Vietnam, Latin America to hold first business forum (15/6/2012)

- Where: Hanoi

- When: July 5-6

 The first Ministerial-level Forum on Vietnam-Latin America Trade and Investment is scheduled to take place in the capital city of Hanoi on July 5-6, the government said on its website.

The forum, which is expected to attract participation of senior officials and business representatives from 27 Latin American countries, will demonstrate the Vietnamese government’s efforts to boost economic, trade and investment linkages between Vietnam and Latin America.

It will offer a good opportunity for policy-makers and businesses on both sides to exchange information, seek investment opportunities and sign cooperation agreements in order to create breakthroughs in the bilateral ties.

During the event, a symposium on opportunities and challenges to boosting trade and investment between the two sides will also be held under the chairmanship of Minister of Industry and Trade, Vu Huy Hoang.

With a gross domestic product (GDP) of over $5,500 billion and a population of 580 million, Latin America represents great investment opportunities for Vietnamese companies.

The trade relations between Vietnam and Latin American countries have flourished over the past time. Their two-way trade turnover surged to $4.5 billion in 2011 from $300 million in 2000.

Especially, the bilateral trade volume between Vietnam Latin American countries like Brazil, Argentina and Mexico reached over $1 billion each.

Vietnam has pledged to pour $7 billion in Latin America while the region’s total registered capital in the Southeast Asian country stood at around $2 billion.

(Source: news.gov.vn)

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