Vietnam-Chile Trade Revenues May Hit US$300Mln Per Year
Trade turnover between Vietnam and Chile may hit US$300 million per year in the 2007-2010 period, according to a report of the Vietnamese Chamber of Commerce and Industry (VCCI) at a March 26 workshop in Hanoi.
In 2006, their bilateral trade was US$163.6 million, up from $108 million of the previous year. In which, Vietnam earned $53.6 million from exporting leather and footwear products, coffee, garment and textile, photocopy machine, pottery, and household utensils to the foreign country.
Last year Chile exported $110 million worth of its products to Vietnam, compared to $70 million in 2004. The main export products of Chile to Vietnam include fish meal, fish oil, salmon, bronze, fir, dinner wine, and fruits.
The workshop named “business opportunities between Vietnam and Chile” was co-organized by VCCI and Chile’s Embassy in Hanoi.
Speaking at the workshop, the external director of Chile’s Industrial Confederation stressed that Vietnam would be one of the fastest developing countries in the world. He hoped for further trade and investment cooperation between Vietnam and Chile.
The Chile’s Industrial Confederation and VCCI signed agreements at the workshop on economic and trade cooperation, and technology transfer.
Chile will open its first trade office in Vietnam on March 29, and the Chilean delegation will visit Vietnamese firms and industrial parks in Hanoi and HCM City from March 26-30. (Vietnam & World Economy)
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