Vietnam and Colombia promote trade, investment and tourism cooperation

The Vietnamese Embassies in Venezuela and Colombia on April 14 organized an online workshop themed “Promoting trade, investment, and tourism cooperation between Vietnam and Colombia; introducing Vietnam's labor and export market potential”.

The Vietnamese Embassies in Venezuela and Colombia on April 14 organized an online workshop themed “Promoting trade, investment, and tourism cooperation between Vietnam and Colombia; introducing Vietnam's labor and export market potential”.

Vietnam-Colombia, trade, trade, investment and tourism cooperation, Vietnam-Colombia, trade, trade, investment and tourism cooperation Ambassador Le Viet Duyen speaks at the workshop. Photo: the World & Vietnam Report

The workshop aims to strengthen the bilateral cooperation in the fields of economy, trade, tourism, and investment between the two countries, according to the World & Vietnam Report.

The event saw the attendance of Ambassador of Colombia to Vietnam Miguel Ángel Rodríguez Melo, Vice Chairman of the Board of Directors of the Colombia-Vietnam Chamber of Commerce Nohora Pardo, representatives from the Vietnamese Ministry of Industry and Trade, Colombia’s Trade and Investment Promotion Agency, and the two countries’ business communities.

Vietnam-Colombia, trade, trade, investment and tourism cooperation, Vietnam-Colombia, trade, trade, investment and tourism cooperation The workshop saw the attendance of the two countries’ business communities. Photo: the World & Vietnam Report

Speaking at the workshop’s opening, Ambassador Le Viet Duyen affirmed that after 42 years of establishing diplomatic relations, the friendship and cooperation between Vietnam and Colombia have flourished in all fields. He added that the Government and people of Vietnam always attach great importance to promoting friendly relations and bilateral cooperation, especially in the fields that the two sides have potential.

Regarding trade, Colombia is a potential market and ranks 5th among Vietnam's largest export markets in Latin America. In recent years, bilateral trade relations have developed stronger with two-way trade turnover increasing from $42.95 million in 2007 to $509 million in 2019.

In 2020, the total two-way turnover stood at $ 640,886 million. Vietnam mainly exported to Colombia engines, machinery, electrical equipment, footwear, seafood, textiles, etc, worth $622,569 million and imported from Colombia wood and wood products, food, organic chemicals, precious metals, etc, worth $18,317 million.

Vietnam-Colombia, trade, trade, investment and tourism cooperation, Vietnam-Colombia, trade, trade, investment and tourism cooperation The workshop aims to strengthen the bilateral cooperation in the fields of economy, trade, tourism, and investment between the two countries. Photo: the World & Vietnam Report

At the workshop, Ambassador Le Viet Duyen also introduced key export products of Vietnam such as rice, coffee, pepper, electronic products and components, textiles, footwear, seafood, furniture and agricultural machinery, etc.

The Vietnamese Ambassador emphasized that while many countries in the world are still struggling with Covid-19, Vietnam has basically controlled the epidemic, making it become an attractive destination for activities of trade, investment, and tourism in the region and the world.

Vice-Chairman of the Board of Directors of the Colombia-Vietnam Chamber of Commerce Nohora Pardo introduced the Colombia-Vietnam Chamber of Commerce, an important focal point in Bogota, Colombia in connecting businesses and trade opportunities between the two countries as well as calling for strengthening relations between Vietnamese enterprises and the Chamber of Commerce.

The Colombia-Vietnam Chamber of Commerce pledged to assist Vietnamese businesses in studying economic policies and market information in order to implement investment and trade activities in Colombia.

Meanwhile, the representative from Colombia's Trade and Investment Promotion Agency Gustavo Moreno said Colombia was one of the world’s leading countries in attracting foreign direct investment (FDI). He also committed Colombia would give priority for Vietnamese businesses to invest in major projects and free economic zones in the nation.

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