Mauricio Macri begins his visit to Vietnam to boost trade and investment

President Mauricio Macri tomorrow will begin the second leg of his tour in Asia in a official visit to Vietnam where all the attention will be placed on boost business in this country, increase the trade balance and attract investors for Argentina short term.

Macri arrived in Hanoi with all his official suite and with about 80 Argentine businessmen who also accompanied him to India for a visit to Vietnam during which, according to them, to the Chancellery should conclude far-reaching trade agreements and go ahead with the announcement of investments .

Macri's visit to Vietnam will include meetings with the president Phu Trong and other senior government authorities, signing bilateral agreements and a meeting with representatives of the largest local companies as part of a business forum organized for the purpose of promoting and promoting 39 expand trade relations between Argentina and this Southeast Asian nation

The activity of the President in Hanoi will start tomorrow at 10:15 local time (00:15) at the Government Palace, where he will be received by President Phu Trong. Previously, the official welcoming ceremony will be held with the performance of the national anthems, the revision of the troops and the presentation of the governmental committees. And before he arrives at government headquarters, Macri will lay a wreath in front of the Monument to National Heroes and Martyrs and another at the Ho Chi Minh Mausoleum.

At the end of the private meeting of the Chairs, an in-depth working meeting will be held with their respective delegations, followed by the signing act of the agreements.

In the afternoon, Mr. Macri will meet the President of the National Assembly of the Republic of Vietnam, Thi Kim Ngan, and then hold a hearing with Prime Minister Xuan Phuc at the government office. On Thursday, the head of state will attend the opening of the Argentina-Vietnam Business Forum, at the Meliá Hotel Hanoi, where he will post a message after welcoming the President of the House of Trade and Industry of Vietnam, Vu Tien Loc.

About 80 Argentinian businessmen, mainly SME representatives from 11 provinces, will accompany the President 's Asia tour. It is expected that the possibility of strengthening and expanding trade links and investment flows in different areas, such as the agri-food and technology sectors, will be badyzed with the government authorities of both countries.

"We are all focusing on strengthening bilateral relations and increasing the trade balance between our countries, which is why President Macri's visit is very important from a trade and economic point of view. in Vietnam, "he said. Infobae the ambbadador of Argentina to Vietnam Juan Valle Raleigh.

In 2018, 45 years of diplomatic relations between Argentina and Vietnam have been completed. For the government, this small Asian country is very attractive because of the weight of its economy. It is the fifth destination of our exports (2.2 billion USD, or 3% of Argentina's total exports) and the second largest trade surplus (1.6 billion USD) after Chile..

Bilateral trade with Vietnam has increased tenfold over the last ten years and reached 2.7 billion USD in 2018. It is worth mentioning that Argentina provides 11% of agro-industrial products imported by Vietnam . Hence the need for Macri to promote the sale of agricultural machinery and food chain products that our country can provide. Vietnam is one of the most powerful countries in Southeast Asia and the "socially-oriented market economy" model gives very good results. The country has experienced an average growth of 6.5% over the last fifteen years with a population of 94 million inhabitants in a territory that represents twice the area of ​​Salta.

Argentine products exported to Vietnam come mainly from the agro-industrial sector (95%) and mainly commodities. The savings are complementary and Argentine products are integrated with local production for consumption and export. "The local market offers excellent opportunities for Argentinian production, and in recent years, sales of frozen fish, meat and wine have increased, and the challenge is to develop and diversify trade with more products. added value, "said Ambbadador Valle Raleigh. .

The Macri government has ranked Vietnam among Argentina's strategic markets since several trade missions were carried out prior to this visit, mainly in 2017 and 2018, as well as high-level visits, such as the president of PRO, Senator Humberto Schiavoni, Secretary of Foreign Trade, Marisa Bircher and Chancellor Jorge Faurie. In 2018, the governors of Santa Fe, Córdoba and Entre Ríos led a mission that brought about forty companies from their provinces to the Asian country for them to offer their products.