The event is jointly held by the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade (MoIT), the Trade Office and the Vietnamese Embassy in Chile, and the Chilean Chamber of Commerce in Vietnam.

Vietnamese Ambassador to Chile Pham Truong Giang said since the Vietnam-Chile Free Trade Agreement took effect in 2014, the two-way trade has expanded rapidly.

The deal has enabled Vietnamese firms to access quality and affordable materials such as wood pulp and fish paste, and other products like salmon and champagne, he added.

Giang suggested Vietnamese enterprises increase exports to Vietnam in health care, fibers of all kinds, biodegradable bags, and ropes for salmon farming. Meanwhile, Chile should step up the export of sawn timber and wood pulp to Vietnam.

There is still ample room for Vietnamese exporters in Chile – an open market with import tax among the lowest in the world, at below 2 percent, he said, adding that through Chile, Vietnamese enterprises could also expand their operation in other South American nations.