Mexico-Vietnam Business Committee holds first session

The first session of the Mexico-Vietnam Joint Business Committee (MVJBC) and a seminar on bilateral trade took place in Mexico city on September 21 as part of a working visit by a Vietnamese Defence Ministry business delegation.

The events were attended by Vietnamese Ambassador to Mexico Pham Van Que, Deputy Director of the Vietnamese Defence Ministry’s Economic Department Colonel Pham Viet Thich, President of the Mexico-ASEAN Business Committee Enrique Michel and President of the Asia-Pacific Directorate of the Mexican Business Council for Foreign Trade Sergio Ley.

Speaking at the events, Sergio Ley expressed his belief that the first meeting would help Mexican and Vietnamese businesses strengthen mutual understanding, thus laying the foundation for their effective cooperation agreements in the future.

Enrique Michel spoke highly of the Vietnamese economy’s firm progresses, reflected by its improved infrastructure, international tourism, food production and export, and international trade.

According to Michel, two-way trade between Mexico and Vietnam sharply increased from 60 million USD in 2001 to 714 million USD in 2009.

He, however, noted that the Mexico-Vietnam trade relation still faces many challenges ahead that require both sides’ consensus and joint efforts.

Vietnamese Ambassador Pham Van Que said he was pleased to see that today Vietnamese consumers have better understanding about Mexican goods and vice versa.

Mexico is now Vietnam ’s largest trade partner in Latin America and the two countries have overcome geographical and language obstacles to further their bilateral ties, he added.

The first MVJBC session is the start of a long-term and mutual trust partnership for sustainable development between the two countries, the ambassador stressed.

Tags: Mexico-Vietnam Business Committee