Vietnam, Uruguay sign trade, investment promotion deal

Update: 10:20 | 15/08/2019
The Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade has inked a memorandum of understanding (MoU) on trade and investment promotion with Uruguay’s Investment, Export and Country Brand Promotion Agency.
TIN LIÊN QUAN
vietnam uruguay sign trade investment promotion deal Vietnam - Uruguay to boost bilateral relations and friendship in 2019
vietnam uruguay sign trade investment promotion deal PM hosts Bulgarian, Uruguayan Ambassadors

At the signing ceremony in Ha Noi on August 14, Vietrade Director Vu Ba Phu said the MoU will serve as a cornerstone for the two sides to further cooperate in trade promotion and bring businesses of Vietnam and Uruguay closer, thereby raising bilateral trade revenue in the coming time.

vietnam uruguay sign trade investment promotion deal
At the signing ceremony on August 14. (Photo: Baocongthuong)

He expressed his hope that the sides will increase the exchange of business delegations to enhance mutual understanding and deepen relations between Vietnamese and Uruguayan firms.

According to statistics, two-way trade stood at 140 million USD in 2018, a year-on-year rise of 19 percent. Of the figure, Vietnam exported 82 million USD worth of goods to the South American nation, up 17.3 percent from the previous year.

Vietnam’s key export staples included footwear, garments, computers, electronic products and spare parts, aquatic products, mobile phones and spare parts, and rattan, bamboo and sedge products, among others.

Meanwhile, the country mostly imported timber and wooden products, leather and footwear materials, pharmaceutical products, milk and dairy products, cattle feed and chemicals from Uruguay.

vietnam uruguay sign trade investment promotion deal Vietnam looks towards ASEAN Chairmanship 2020

The Association of Southeast Asian Nations (ASEAN) has become one of Viet Nam’s leading economic-trade partners since the country’s admission to the bloc 24 years ...

vietnam uruguay sign trade investment promotion deal New policies hoped to facilitate investment in agriculture

The Government has issued a resolution to encourage businesses to invest in agriculture, as part of efforts to bring the Vietnamese agricultural sector into world’s ...

vietnam uruguay sign trade investment promotion deal Vietnam resolutely takes strict measures to handle trade frauds

Viet Nam resolutely prevents and strictly deals with trade and origin frauds in the domestic market as well as in import-export activities, aiming to protect ...

(Source: VNA)