Friday 30 September 2022 - 4:13:21 pm

Vietnam, Mexico promote economic, trade, investment cooperation

MEXICO CITY, 5th July, 2022 (WAM) -- A delegation of 23 Vietnamese entrepreneurs, led by Deputy Minister of Industry and Trade Do Thang Hai, on Monday attended the Vietnam-Mexico Business Forum in Mexico City, aiming to seek cooperation opportunities with the host country's partners.

Under-Secretary for Foreign Trade in Mexico's Secretariat of Economy Luz Maria de la Mora praised the bilateral economic and trade relations, affirming that Mexico considers Vietnam a strategic market in the Asia-Pacific region, Vietnam News Agency (VNA) reported.

She expressed her hope that the two countries' authorised agencies will continue strengthening close coordination in the coming time and their businesses will effectively take advantage of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), contributing to promoting bilateral trade turnover as well as post-pandemic economic recovery.

For his part, Deputy Minister Hai stated that Mexico is currently Vietnam's second-largest trading partner in Latin America, and Vietnam is Mexico's eighth-largest trader in Southeast Asia.

He quoted statistics of the General Department of Vietnam Customs, saying that two-way trade turnover grew positively in 2021, reaching US$5.06 billion, up 37.5% year-on-year. The figure hit US$2.33 billion in the first five months of 2022, up 21.9% year-on-year.

"Vietnam wishes to further increase the trade and investment value with Mexico, with a focus on energy, telecommunications, high-tech agriculture and high value-added industries," said Hai.