Vietnam - Latin America trade expected to hit US$20 billion in 2025

The Vietnam-Latin America Trade Forum 2021 was held in Hanoi on Thursday (Dec 9). - Vietnam News/ANN

HANOI, Dec 10 (Vietnam News/ANN): The trade value between Vietnam and Latin America is expected to increase to US$20 billion by 2025, Deputy Minister of Industry and Trade Do Thang Hai said that at the Vietnam - Latin America Trade Forum 2021, held in Hanoi on Thursday (Dec 9).

Vietnam has trade relations with all 33 countries in the region, with a total bilateral trade value of US$15.6 billion in 2020, an increase from US$245 million in 2000. Vietnam's exports are worth US$8.3 billion and imports US$7.3 billion.