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<h2 style="text-align:justify">VOV.VN - The Argentine Chamber of Commerce for Asia and the Pacific hosted a seminar on August 14, discussing prospects for further developing the investment and trade market in Vietnam.</h2>

<img alt="vietnam emerges as potential market for argentine businesses picture 1" src="https://media.vov.vn/sites/default/files/styles/large/public/2024-08/ngo-minh-nguyet-15082024-02.jpg" title="vietnam emerges as potential market for argentine businesses picture 1" />

An overview of the seminar (Photo: VNA)

In his opening speech, Rallys Pliauzer, president of the chamber, emphasised that Vietnam &ndash; Argentina relations have been constantly developing over the past 50 years in multiple fields, especially in trade exchanges, and there remains ample room for stronger bilateral cooperation in the coming time.

Meanwhile, Mario Schuff, senior advisor to the chamber, highlighted the numerous Vietnamese economic achievements in recent years, with two-way trade turnover reaching more than US$3.5 billion last year.

Argentine firms are keen on the Vietnamese trade and investment market, he noted.

For her part, Vietnamese Ambassador to Argentina Ngo Minh Nguyet stressed that the country&rsquo;s economic scale ranked 34th globally with GDP growing by 5.05% last year and estimated 6.42% this year.

Its import-export turnover in the first half of the year surged by 15.7% year on year to US$368.53 billion. Of the total trade value, exports exceeded US$190 billion, up 14.5% thanks to the recovery recorded in trading activities with its major partners such as the United States, the European Union, and ASEAN.

Vietnam continues to represent an attractive destination for foreign investors that registered to pour roughly US$15.2 billion into the country in the first half, up 13.1% year on year. Most notably, the disbursement of FDI capital rose by 8.2% to US$10.84 billion, a six-year record high in the same period in six years, said the diplomat.

According to the Ambassador, the Vietnamese Government has vowed to fine-tune its legal system and remove obstacles to further attract foreign investors, thereby making a significant contribution to economic growth.

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