Vietnam Eyes Deeper Integration into Argentina's Supply Chains

Vietnamese Ambassador Ngo Minh Nguyet highlighted the strong momentum in Vietnam–Argentina economic ties. Vietnam is currently Argentina's sixth-largest trading partner, while Argentina ranks as Vietnam's third-largest trading partner in Latin America. Bilateral trade stood at 4.27 billion USD in 2025, with Vietnam’s exports surging 68.7% to 876.7 million USD, while imports from Argentina fell 5.3% to 3.39 billion USD. Argentina is currently Vietnam’s third-largest trading partner in Latin America. On relations with South America, Nguyet noted that in December 2025, Vietnam and the Southern Common Market (MERCOSUR) announced the launch of negotiations for a Preferential Trade Agreement (PTA). She expressed her hope that the agreement will be signed soon, thereby further boosting trade and investment between Vietnam and MERCOSUR member states, including Argentina. A young army of software engineers, competitive labour costs and deep mathematical skills have already made Vietnam a magnet for IT outsourcing. Companies like FPT Software and VNG have proved they can compete in international markets. These sectors demand relatively modest infrastructure spending while putting existing human capital to work. Experts say verified coffee-growing data is key to helping Vietnamese exporters meet sustainability requirements, secure market access and increase export value. The Vietnamese Embassy in Japan reaffirmed its commitment to serving as a trusted bridge connecting Gunma with Vietnamese ministries, localities, universities and businesses to promote concrete cooperation in investment, trade, science and technology, innovation, digital transformation and human resources development. During the recent 68th series of meetings of the assemblies of the member states of the World Intellectual Property Organisation (WIPO), Minister of Science and Technology Vu Hai Quan praised WIPO’s role in developing the global IP system, particularly in strengthening state management capacity, supporting businesses, training human resources, and promoting the commercialisation of intellectual assets. Luke J. Lindberg, USDA Under Secretary for Trade and Foreign Agricultural Affairs, said the mission will build on the rapid response TRUMP mission that wrapped up in March, and lock in wins for US farmers and agricultural producers in Vietnam. Hai Phong continues to identify industry, logistics and port services as the pillars of its economy while steering industrial development towards high technology, green production and sustainability. Launched in mid-June, VETC’s charging service is integrated into its existing electronic toll collection app. Drivers can now find charging stations, navigate to them, start charging, pay and receive electronic invoices all on a single platform. The Da Nang Hi-Tech Park and Industrial Zones Authority has now finalised all administrative procedures under its jurisdiction in accordance with the FTZ’s special mechanisms and policies, leaving the system ready for deployment once the zone’s functional areas officially begin operations. Durian remains the sector’s biggest growth driver, accounting for an estimated 35-40% of total fruit and vegetable export revenue so far this year and as much as 55-60% in July. Branded residences are playing an increasingly prominent role in Vietnam’s premium property market, according to Savills Hotels. From 00:00 on July 21 to 23:00 on July 23 (Vietnam time), passengers can book Eco tickets from 0 VND on direct flights between Vietnam and Sri Lanka at www.vietjetair.com and the Vietjet Air app. The growing number of international retailers and importers choosing Ho Chi Minh City as a sourcing destination underscores the city's transformation from a trade promotion venue into a regional procurement hub. The PM called on the business community, business associations and the Vietnam Chamber of Commerce and Industry (VCCI) to strengthen self-reliance, innovation and competitiveness by improving governance, adopting advanced technologies, enhancing product quality and using capital more efficiently. VAAS Director General Nguyen Hong Son stressed that advances in science and technology, including climate-resilient rice varieties, improved water management, mechanised sowing, straw management, digital monitoring and carbon finance, are creating opportunities for transformation. Held under the theme “Tech Empowered, Future Equipped”, the event underscored the group's strategy to accelerate green development, digital transformation and international cooperation while highlighting opportunities for deeper industrial collaboration with Vietnam. With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,536 VND/USD, and the floor rate 24,008 VND/USD. The fleet expansion comprises 10 aircraft from SMBC Aviation Capital, four from Avolon Aerospace Leasing Limited and five from Phoenix Aviation Capital managed by AIP Capital. Messer sees significant potential in Vietnam’s large-scale industrial plants, Grandpierre said, adding that investing in rooftop solar systems to produce low-emission hydrogen from the outset is also a step toward gradually developing Vietnam’s hydrogen economy. According to the State Bank of Vietnam (SBV)’s Region 2 Branch, remittances transferred through credit institutions and economic organisations totalled 2.03 billion USD in the second quarter, up 1.4% from the first quarter but down 27.9% from the same period last year. The CPTPP has evolved beyond tariff reductions into a broad framework covering goods, services, investment and digital trade. Its success, however, ultimately depends on businesses' ability to turn commitments into new investment, stronger supply chains and innovative business models. Copyright, VietnamPlus, Vietnam News Agency (VNA) Editor-in-chief, Mr. Tran Tien Duan.