A seminar titled “Investment Opportunities in Argentina: The Incentive Regime for Large Investments (RIGI) and Strategic Sectors” was held in Hanoi by the Embassy of the Argentine Republic in Vietnam on November 17.
Speaking at the event, Argentine Ambassador to Vietnam H.E. Marcos Antonio Bednarski emphasized that after more than 50 years since the establishment of bilateral relations in 1973, the partnership between Vietnam and Argentina has grown remarkably. Argentina was one of the first Latin American countries to establish diplomatic ties with Vietnam.
Notably, since the two countries elevated their relationship to a Comprehensive Partnership in 2010, bilateral cooperation has seen positive developments across almost all areas, according to the Argentine Ambassador.
In terms of trade, Ambassador Bednarski shared that the total bilateral trade volume reached more than $4.06 billion in 2024, up 16.4 per cent year-on-year. In the first nine months of 2025, the total bilateral trade volume reached over $3.28 billion, up 11.2 per cent year-on-year, reaffirming the steady growth momentum of the two-way trade.
Vietnam is currently Argentina’s sixth-largest trading partner. Argentina’s key exports to Vietnam include animal feed and feed ingredients (accounting for more than 90 per cent of Argentina’s exports to Vietnam), while Vietnam’s main exports to Argentina are phones, electronic devices, footwear, and textile products (accounting for over 60 per cent of Vietnam’s exports to Argentina).
“Especially, in Southeast Asia, Vietnam is the main partner receiving technical assistance projects from the Argentine Republic through the Argentine Fund for International Cooperation (FO.AR), including ongoing projects on rice cultivation, high-yield soybean production, dairy processing, and tropical fruit cultivation,” Ambassador Bednarski noted.
Building on the positive foundation of cooperation, the Ambassador said that in the coming years, Vietnam and Argentina should make greater efforts to diversify their export–import structures while actively promoting market access for new potential products. This will be an important direction to help businesses from both sides better leverage their comparative advantages.
Regarding the prospects for trade and investment cooperation, Ambassador Bednarski stated that Argentina will continue promoting trade facilitation and expanding collaboration in existing flagship projects such as rice cultivation, increasing soybean productivity, and developing the dairy industry.
In addition, the energy sector is emerging as a highly promising area for cooperation between the two nations. “Argentina is a country with abundant energy resources, making this a priority and promising field for the two countries to strengthen strategic cooperation in the coming time,” Ambassador Bednarski stressed.
Along with that, Vietnamese enterprises have significant opportunities to invest in Argentina in the coming period. One of the Argentine Government’s current priorities is the implementation of the Incentive Regime for Large Investments (RIGI), which aims to provide a transparent and stable legal framework for strategic, capital-intensive projects with long-term investment horizons. The mechanism is designed to attract large-scale projects, generate employment, promote regional economic development, and boost exports.
According to the Ambassador, priority sectors under RIGI include mining, energy, oil and gas, infrastructure, tourism, technology, forestry, and steel. These are also areas where Vietnamese businesses can strongly expand their investment in the Argentine market in the years ahead.
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