At the signing ceremony in Hanoi 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.

At the signing ceremony on August 14.

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, China discuss ways to promote agricultural product trading

Officials of the Vietnamese Ministry of Agriculture and Rural Development (MARD) had a working session with representatives of the Chinese General Administration of Customs in Hanoi on June 18, discussing measures to boost bilateral trade of farm produce.

Vietnam launches first White Book on businesses

The first ever White Book on Vietnamese businesses will be published soon and it will be an annual issue thereafter.

National quality awards presented to 75 businesses

The Vietnam National Quality Awards 2018 were presented at a ceremony in Hanoi on June 23, honouring 75 companies with remarkable achievements in product and service quality and business performance.

Hanoi rolls out red carpet for Danish businesses

Hanoi stands ready to create favourable conditions for Danish investors who come to seek investment opportunities and do business in the capital city, Chairman of the municipal People’s Committee Nguyen Duc Chung has said.

Vietnam’s supporting industries attract Korean businesses

More and more businesses from the Republic of Korea (RoK) are coming to Vietnam to operate in supporting industries.

Source: VNA