August 14, 2008


Vietnam seeks investments from Argentina



Representatives from leading Argentinean companies expressed interest in the investment and business climate of Vietnam, during a conference held in Hanoi Tuesday (Aug 12, 2008).


During the event, co-organised by the Vietnam Chamber of Commerce and Industry and the Argentinian Embassy in Vietnam, Argentinean enterprises said they hoped to foster co-operation with Vietnamese firms in trade and tourism sectors, the Vietnam News Agency reported.


Vice Chairman of the Chamber, Hoang Van Dung, said that there were many investment opportunities awaiting Argentinean enterprises, as the country seeks foreign investment of US$140 billion by 2010.


Agriculture and seafood were two of the nine key sectors waiting for investments in Vietnam, he said.


Despite existing difficulties, such as poor infrastructure and a shortage of highly-skilled workers, foreign investors would be offered favourable conditions, to entice investment in the country, said Dung.


Argentina is Vietnam's leading trade partner in South America. Two-way trade reached US$450 million in 2007, a five-fold increase over 2000.


An influx of foreign investment in recent years have led to soaring inflation in the country.

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