With its relatively high growth rate and improved income per capita, Viet Nam has been offering both opportunities and challenges for Argentine enterprises, according to Argentinian economic expert Julio Sevares.

Article on Viet Nam in Argentina’s Clarin newspaper (Source: VNA)

In a story published in Argentina’s Clarin newspaper on May 27, Julio Savares hailed Viet Nam’s economic achievements in recent years and highlighted cooperation opportunities in trade and investment.

Julio Sevares, a professor at the University of Buenos Aires (UBA), also indicated a number of benefits and challenges that Argentinian enterprises face when operating or investing in Viet Nam.

From its historic military victory, Viet Nam has gained successes in the economy, and as a result Argentina has been benefiting from the Southeast Asian nation’s development by exporting goods and diversifying its products and investment portfolio, according to the story.

According to Julio Savares, Argentinian businesses operating in Viet Nam have to navigate cultural differences and face growing competition from local products.

The Free Trade Agreements (FTAs) between Viet Nam and other Asian countries with Chile, Australia and New Zealand pose another challenge to Argentinian businesses, Julio Sevares said.

(Source: VNA)