The Vietnamese Ambassador to Ecuador made a commitment to actively contribute to expanding bilateral ties during a presentation of credentials to the President of Ecuador.
Vietnamese Ambassador Dang Truong Giang presented State President Vo Van Thuong’s credentials to President Guillermo Lasso Mendoza at the presidential palace in Quito capital, as reported by VNA.
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| Vietnamese Ambassador Dang Truong Giang presents State President Vo Van Thuong’s credentials to Ecuador President Guillermo Lasso Mendoza in Quito capital on August 15. Photo: MOFA |
Ambassadors from 10 other countries also presented their credentials to the President of Ecuador.
During the ceremony, President Lasso reiterated Ecuador’s commitment to open its economy to foreign investment and facilitate international integration, despite facing challenges.
He expressed confidence that Ecuador would continue its democratic process and economic development after the upcoming extraordinary presidential election.
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| Vietnamese Ambassador Dang Truong Giang presents State President Vo Van Thuong’s credentials to Ecuador President Guillermo Lasso Mendoza in Quito capital on August 15. Photo: MOFA |
Prior to the ceremony, the Vietnamese diplomat met with Deputy Minister of Foreign Affairs of Ecuador Lautaro Pozo Malo and Head of the Protocol Department of the Ecuador Ministry of Foreign Affairs, ambassador Helena Yanez Loza.
They highly praised Vietnam’s recent socio-economic achievements and its growing global role and position. They also expressed hope that Vietnam would share its experience and support Ecuador’s bid to join international organizations.
Ambassador Giang conveyed greetings from senior Vietnamese leaders to President Lasso and other senior leaders of Ecuador. He pledged to work hard to contribute to expanding cooperation between Vietnam and Ecuador.
Vietnam and Ecuador established diplomatic ties in 1979, and the Ecuadorian government opened an embassy in Hanoi in 2018.
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| Deputy Minister of Foreign Affairs of Ecuador Lautaro Pozo Malo and Vietnamese Ambassador Dang Truong Giang. Photo: MOFA |
According to the Central Bank of Ecuador, trade between Vietnam and Ecuador in 2022 will reach $362 million. Vietnam’s exports to Ecuador reached $228 million, a 4.1% increase from 2021. The main exports from Vietnam to Ecuador include phones, mobile phones, footwear, fertilizers, clothing, and industrial machinery.
Non-oil imports from Ecuador are worth $134 million, a 208.4% increase from 2021. The main imported items from Ecuador include shrimp, fresh flowers, seafood, wood, and other products.
In July, the Vietnam Trade Office in Chile collaborated with the Quito Chamber of Commerce to organize a trade cooperation seminar between Vietnam and Ecuador businesses to introduce opportunities and potentials of cooperation with Vietnam to businesses in Ecuador.
The Vietnamese side believes that Vietnam’s strong products, like wood products, textiles, footwear, and coffee, will have a greater presence in the Ecuadorian market. The deal also highlights the potential of Ecuadorian products in Vietnam, such as cocoa, chocolate, fresh flowers, and wood.
After the seminar, many Ecuadorian businesses expressed interest in importing footwear, clothing, plastic products, outdoor furniture, handicraft products from bamboo, and labor protection products from Vietnam.
As part of the visit to Ecuador, the delegation had a working session with the Guayaquil Chamber of Commerce to further promote bilateral trade relations and prepare for a visit to learn about Ecuador’s shrimp farming experience.
The delegation also visited and worked with the largest Vietnamese coffee importer in Ecuador. This company imports around $60 million of Robusta VG2 coffee from Vietnam annually.
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