Many opportunities for Vietnamese enterprises to export to Chile

Saturday, 25/09/2021 10:45
An online conference was held by the Ministry of Industry and Trade’s Trade Promotion Agency, the Embassy of Vietnam in Chile, and the Chilean Chamber of Commerce on September 23-24 to promote trade and cooperation between businesses of the two countries.

Chile opens door for Vietnam’s pomelo

Mr. Le Hoang Tai, Deputy Head of the Trade Promotion Agency, spoke at the event. (Photo: VNA)

The event was attended by more than 50 businesses from Vietnam and Chile.

In his speech at the event, Mr. Le Hoang Tai, Deputy Head of the Trade Promotion Agency, said that in recent years, trade between Vietnam and Chile has been increasingly prosperous thanks to leverage from free trade agreements that both countries have joined, such as the Vietnam-Chile Free Trade Agreement and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

According to statistics from the Ministry of Industry and Trade, despite the impact of the COVID-19 epidemic, by the end of August, two-way trade turnover reached 1.27 billion USD; in which, Vietnam’s exports to Chile grew by 44% and imports increased by 15% over the same period last year.

Vietnam’s export commodities to Chile include: phones, components, machinery, equipment, footwear, and garments and textiles, while commodities imported from Chile are aquatic products, fruits and production materials.

Mr. Pham Truong Giang, Vietnamese Ambassador to Chile, said that since the Vietnam-Chile FTA took effect in 2014, trade between the two countries has grown rapidly. Many Vietnamese-made products have established a presence in Chile and most recently, Vietnamese pomelos have been successfully exported to the market.

He affirmed that the Vietnam-Chile FTA is very effective in opening the market between the two countries. Therefore, Vietnamese businesses have the opportunity to access good-quality and affordable raw materials such as pulp, fishmeal and many high-quality Chilean products like salmon and wine.

After the conference, businesses of the two countries entered online trading sessions to exchange and seek investment cooperation opportunities in the fields of healthcare, wood and wood products, and electrical components./.

BTA

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