Vietnam, Mexico seek to tap co-operation potential

Vietnam and Mexico still have room to further increase their economic co-operation to match the good political relations between the two countries, according to Vietnamese Ambassador to Mexico Le Linh Lan.

Vietnam-Mexico bilateral trade exchange is likely to surpass US$1.8 billion in 2014.
Vietnam-Mexico bilateral trade exchange is likely to surpass US$1.8 billion in 2014.

Addressing a workshop on December 15 in Mexico City, where local enterprises sought opportunities for investment and tourism promotion in Vietnam, the ambassador noted that bilateral trade exchange is likely to surpass US$1.8 billion in 2014, but the figure is small compared with the total foreign trade values of US$780 billion and US$280 billion of Mexico and Vietnam, respectively.

During the event, Mexican business representatives said a lack of knowledge and accurate information about Vietnam and its market and culture is a major obstacle for them in trade with Vietnam.

They put many questions on Vietnam’s law and administrative procedures on investment and trade. Many expressed the wish to visit Vietnam to study the market.

A photo exhibition was also held in the framework of the workshop to introduce Mexican friends to Vietnam, its people and culture in the process of international integration.