Ambassador cooperation potential huge for Vietnam, Mexico

In her interview with the Vietnam News Agency on the occasion of the 40th anniversary of bilateral diplomatic ties (May 1975-2015), the Ambassador said both Vietnam and Mexico have a dynamic and open economy with a sizable domestic market. The two countries are carrying out economic reforms.

Those factors combining with the upcoming signing of the Trans-Pacific Partnership (TPP) will open up great opportunities for Vietnam and Mexico to boost trade and investment, Lan said.

She noted that despite the geographical distance, the two countries share many similarities in terms of historical traditions and culture, which allow them to relate and sympathize.

Vietnam and Mexico established the diplomatic relations on May 19, 1975, and since then the politico-diplomatic relationship between the two countries has developed both bilaterally and on multilateral forums.

The economic-trade cooperation between the two countries has seen strong strides and Mexico is currently Vietnam’s second large trade partner in South America, only behind Brazil. Meanwhile, Vietnam is Mexico’s 12th largest trade partner in the Asia-Pacific region.

The ambassador pointed out that however, the two countries have not tapped their full cooperation potential, partly due to geographical distance, the difference in languages and a lack of information on people and business environment in each country.

In order to expand the partnership between the two countries, according to the ambassador, Vietnam and Mexico must boost exchanges and contacts at all levels.

She said the two sides need to accelerate the development and completion of bilateral cooperation mechanisms and facilitate connections between enterprises.

Representative agencies from both countries should work harder in their bridging role through supplying information to the other country on their own market’s strength, production capability and exports as well as business practices and consumption habits, she added.-VNA