Preserve fruitful cooperation, traditional friendship between Vietnam, Chile

	VUFO presents medal "For peace and friendship among nations" to Chilean Ambassador to Vietnam
	Four-country Pacific Alliance supports Vietnamese flood victims
	Vietnam and Chile expect to foster economic and trade cooperation

Charge d’affaires a.i. Gonzalo Guaiquil at the Chilean Embassy. Photo: VNA

The trip to Vietnam in May 1969 - the time when Vietnam was undergoing the fierce war against the US imperialists - had a huge impact on Salvador Allende, who served as President of the Chilean Senate at that time, and he decided to establish diplomatic relations with this Southeast Asian country when he became President of Chile, opening a new chapter in the bilateral relations.

Both nations have enjoyed stronger bonds in recent time thanks to rosy economic cooperation, long-lasting friendship and mutual understanding between the people of Chile and Vietnam, the diplomat added.

According to Guaiquil, Chile was the first American nation to ink a free trade deal with Vietnam, and this was an important milestone in trade and investment ties between the two sides.

Expressing his delight at opportunities that the free trade agreement (FTA) has brought to both nations, he said trade in goods between Vietnam and Chile exceeded the USD 1 billion benchmark in 2020 despite the COVID-19 pandemic, up over 1 percent year-on-year.

The figure is a vivid illustration for the unceasingly developed trade ties between the two nations, even when the global economy is facing formidable challenges, he underlined.

Since Vietnam was among a few countries achieving positive economic growth in 2020, it is an attractive destination for Chilean investors, he said.

The diplomat also commended the Vietnamese Government’s efforts and measures to prevent the pandemic.

Party General Secretary Nguyen Phu Trong (R) receives Chilean President Sebastián Piñerat in Hanoi in 2017. Photo: VNA

Statistics shows that Chile is the fourth largest trade partner of Vietnam in Latin America, with two-way trade increased to USD 1.23 billion in 2019 from USD 170 million in 2005. Most of Vietnam’s exports to Chile are footwear, garments and textiles, seafood, steel products, electronic products and spare parts, cement, coffee and rice. Meanwhile, the nation imports copper, pine wood, paper powder, and wine from Chile.

Chile was among one of the very first nations to recognise Vietnam's market economy. Both sides signed the FTA on the sidelines of the APEC Summit in Hawaii, the US, in November 2011. The deal officially came into force on January 1, 2014, marking the substantial development in trade relations between two countries.

Guaiquil said Chile wants to further boost trade ties with Vietnam, particularly the trading in Chilean wine and cherry, and Vietnamese tropical fruits.

Additionally, Vietnam and Chile’s cooperation has been expanded to culture, politics and tourism. The visa exemption agreement signed in 2016 has facilitated travelling of citizens of both nations to enhance exchanges and better their mutual understanding, he stressed./.

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