Argentina is currently Viet Nam's third-largest trading partner in Latin America, while Viet Nam ranks seventh among Argentina's trading partners and first in the Southeast Asian market. Bilateral trade is projected to reach 4.5 billion USD by 2025.

Ei Sun Oh from Pacific Research Centre of Malaysia has highlighted Viet Nam’s growing diplomatic stature in the region while speaking about the ongoing Shangri-La Dialogue in Singapore from May 29-31.