Peru eyes opportunities in Vietnam

Click to enlarge

Peru wants to forge closer trade ties with Vietnam as the South American country begins looking for investment opportunities in Southeast Asia, according to a press release issued by Peru’s foreign trade association Comexperu.

The release said that Vietnam “is a very interesting market for closer trade relations and to make capital investments from one country to the other”. Peru also aims to reach a bilateral trade agreement with Vietnam.

“We must seize the opportunity to improve our relations with Vietnam, a member state of the Forum of the Asia-Pacific Economic Cooperation (APEC) and the Trans-Pacific Partnership Agreement (TPPA)”, the release said.

In the first five months of this year, Peru exported $50 million worth of goods to Vietnam, an increase of 79 per cent from the same period last year, according to Comexperu statistics.

The highest Peruvian sale volume to Vietnam was that of fishmeal and fish oil, for $38.8 million and $697,792, respectively. Products from Vietnam exported to Peru were mainly footwear and frozen fish for a total value of $102 million in 2011.

The release also stated that the 88-million population of Vietnam offers a large market for Peruvian products. Furthermore, the release pointed out that the countries of Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa are forming the new trade bloc of CIVETS, which is seen as the successor of the BRIC bloc (Brazil, Russia, India, China) and is expected to grow significantly over the coming years.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

[caption id="attachment_4055" align="alignleft" width="300"] Click to enlarge[/caption] Peru wants to forge closer trade ties with Vietnam as the South American country begins looking for investment opportunities in Southeast Asia, according to a press release issued by Peru's foreign trade association Comexperu. The release said that Vietnam "is a very interesting market for closer trade relations and to make capital investments from one country to the other". Peru also aims to reach a bilateral trade agreement with Vietnam. "We must seize the opportunity to improve our relations with Vietnam, a member state of the Forum of the Asia-Pacific Economic Cooperation (APEC)...

Click to enlarge

Peru wants to forge closer trade ties with Vietnam as the South American country begins looking for investment opportunities in Southeast Asia, according to a press release issued by Peru’s foreign trade association Comexperu.

The release said that Vietnam “is a very interesting market for closer trade relations and to make capital investments from one country to the other”. Peru also aims to reach a bilateral trade agreement with Vietnam.

“We must seize the opportunity to improve our relations with Vietnam, a member state of the Forum of the Asia-Pacific Economic Cooperation (APEC) and the Trans-Pacific Partnership Agreement (TPPA)”, the release said.

In the first five months of this year, Peru exported $50 million worth of goods to Vietnam, an increase of 79 per cent from the same period last year, according to Comexperu statistics.

The highest Peruvian sale volume to Vietnam was that of fishmeal and fish oil, for $38.8 million and $697,792, respectively. Products from Vietnam exported to Peru were mainly footwear and frozen fish for a total value of $102 million in 2011.

The release also stated that the 88-million population of Vietnam offers a large market for Peruvian products. Furthermore, the release pointed out that the countries of Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa are forming the new trade bloc of CIVETS, which is seen as the successor of the BRIC bloc (Brazil, Russia, India, China) and is expected to grow significantly over the coming years.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

1 COMMENT

Leave a Reply