Sunday, April 14, 2024 9:14:48 AM - Markets open
VN-INDEX 1,276.60 +18.40/+1.46%
HNX-INDEX 241.34 +2.27/+0.95%
UPCOM-INDEX 91.21 +0.29/+0.32%
Conference to promote trade and cooperation between Việt Nam and Mexico
Vietnam News - 3/24/2023 3:51:20 PM
 (0 ratings. You must sign in to rate.)
 More than 115 businesses have participated in a trade promotion and cooperation conference between Việt Nam and Mexico in HCM City.
 
At the conference on March 23, Deputy Director of the Investment and Trade Promotion Centre (ITPC) Cao Thị Phi Vân said Mexico was the second largest trade partner of Việt Nam in Latin America, and Việt Nam was the 8th largest trade partner of Mexico in Asia.
 
Việt Nam had been taking advantage of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to reduce the export tax to Mexico.
 
According to the General Department of Customs, bilateral trade in 2022 reached US$5.4 billion, an increase of 7.1 per cent compared to 2021. The trade value between HCM City and Mexico stood at $364 million, of which $300 million was the value of HCM City's exports.
 
Việt Nam and Mexico have been increasing cooperation in the fields of energy, telecommunication, high-tech farming, and others. Vân hopes that Việt Nam will continue to improve trade and investment in Mexico, especially in the above fields.
 
The Embassy of Mexico is working with Việt Nam authority to help connect both countries' businesses.
 
According to Mexican Ambassador Alejandro Negrin Munoz, Mexico is the world's 15th largest economy, a member of G20, and the gateway to access the Latin market while Việt Nam is a dynamic market that is highly valued by Mexico in Asia.
 
However, the sides’ trade value is yet to be on par with their market sizes and potential. The potential for trade cooperation remains abundant and needs to be exploited in a more effective and balanced manner.
 
Tequila, beer, meat, and aluminium are some of the potential export products from Mexico to Việt Nam.
 
Deputy Chairwoman of HCM City Logistics Association Võ Thị Phương Lan shared some advice on transferring goods from Việt Nam to Mexico.
 
Businesses should use CIF contracts instead of FOB contracts in export, which help lower the delivery cost and risk.
 
The total import-export turnover between HCM City and Mexico reached more than US$364 million in 2022. In addition, the city exports to Mexico more than US$300 million, up 6 per cent compared to 2021.
 
The conference was co-organised by the Investment and Trade Promotion Center of HCM City (ITPC) and the Embassy of Mexico in Việt Nam. — VNS
 
Read original article here
Newer News
12/04 Việt Nam’s growth projected at 6% in 2024 with policy adjustment: AMRO
12/04 Public investment projects: big push for construction materials sector
10/04 Việt Nam's exports to India maintain growth momentum
05/04 Stock market struggles as large-caps decline, casting negative shadow
05/04 MPI unveils two economic growth scenarios for this year
03/04 Hà Nội’s development investment increases by 8.5% year on year
03/04 HCM City sees highest economic growth for Q1
03/04 Seafood exports rise to $2 billion in Q1
03/04 Việt Nam learns from China’s experiences in building int’l free trade zone model
28/03 Petrol prices increase on March 28
Older News
22/03 Investors voice concerns over unresolved pricing for renewable projects
21/03 US businesses exploring investment, business opportunities in Việt Nam
21/03 Imported cars should be included in registration fee reduction scheme
20/03 US businesses exploring investment, business opportunities in Việt Nam
17/03 Trade recovers strongly since reopening
17/03 Dual opportunity for Việt Nam in offshore wind industry development
16/03 Tra fish exports predicted to recover from third quarter
16/03 High cost of construction materials puts pressure on Việt Nam's construction industry
16/03 KADIN President: ASEAN strengthens connectivity to promote sustainable growth
11/03 Falling price of fertiliser causes headaches for producers
 
Newsletter Signup
Top Stories
PM Chính requires strengthened gold market management
Bank shareholders to receive high dividends, stock bonuses
Shares sustain gains on strong investor confidence
Banks given advantages to CASA ratio
Man owes bank nearly VNĐ9 billion in credit card's interest after 11 years
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,276.60 +18.40/+1.46%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.