The Chairman of the Hanoi People's Council inaugurated the "Hanoi-Argentina Investment, Trade and Tourism Promotion Conference 2024".

Attending the conference were the Vietnamese Ambassador to Argentina, Ngo Minh Nguyet; Mr. Rodolfo Caffaro Kramer, President of the Mercosur-ASEAN Chamber of Commerce (MACC); representatives from the Buenos Aires City Council and government; and Vietnamese and Argentinian organizations and businesses.

In his opening remarks at the conference, the Vice Secretary of the Hanoi Party Committee and Chairman of the Hanoi People's Council, Nguyen Ngoc Tuan, affirmed that Vietnam continues to be considered a safe, attractive, and promising destination; a favorable investment environment for foreign businesses and investors. He emphasized the importance of implementing promotional activities and engaging with partners in foreign markets, especially major markets and partners of Vietnam in general and Hanoi in particular, to effectively utilize opportunities in the context of supply chains and investment shifts, as well as the opportunities and advantages from the Free Trade Agreements (FTAs) that Vietnam participates in. This will enhance the promotion of Hanoi's investment, business, and tourism environment, boost promotional activities, promote cooperation and economic development, especially tourism promotion, and foster cooperation to attract investment and facilitate import and export of goods with Argentina in particular and the South American region in general.

Emphasizing that Hanoi is the capital, the national political and administrative center, a special urban area, and one of the two largest centers in the country in terms of economy, culture, education and training, science and technology, and international integration, especially with the recent approval of the amended Law on the Capital City by the National Assembly, which is an important legal basis and opportunity for the capital to develop to its full potential, Chairman of the Hanoi People's Council Nguyen Ngoc Tuan expressed his hope that the promotional conference would promote friendly relations and cooperation between Hanoi and the capital and localities of Argentina; contributing to strengthening the good traditional bilateral relationship between the two countries. At the same time, the conference would also be an opportunity to promote the positive image and safe and efficient investment environment of Hanoi to promote connections and investment, trade, and tourism to partners, investors, and businesses in Argentina.

The Chairman of the Hanoi People's Council affirmed that the Hanoi government always values, supports, and is ready to create the best conditions for businesses to invest and conduct business effectively in Hanoi - the "City for Peace," the "Creative City."

In her welcoming remarks at the conference, the Vietnamese Ambassador to Argentina, Ngo Minh Nguyet, thanked and congratulated Hanoi City for successfully organizing the "Hanoi - Argentina Investment, Trade and Tourism Promotion Conference 2024". This was a very practical and large-scale conference, with nearly 70 businesses from Vietnam and Argentina participating.

The Ambassador highly appreciated the potential for cooperation between the two countries. Between 2004 and 2023, trade between Vietnam and Argentina increased nearly 17 times, from US$204 million to US$3.45 billion. Vietnam is currently Argentina's sixth largest trading partner and fifth largest export market globally, while Argentina is Vietnam's third largest trading partner in Latin America. Hanoi, with its rich history and thousand-year-old cultural heritage, is an attractive destination for international tourists, and its people are friendly and hospitable. Hanoi is also experiencing strong development, with a favorable investment environment, making it a safe and effective investment destination for Argentine businesses.

At the conference, the delegation witnessed the signing of Memoranda of Understanding and cooperation agreements between organizations and businesses in the two capitals.