Together with the Việt Nam-Chile Bilateral Free Trade Agreement (VCFTA), the CPTPP forms a strategic "pillar" for economic relations between the two countries.

A seminar was held by the Investment and Trade Promotion Center (ITPC) and the Chile Export Promotion Bureau (ProChile) in HCM City on Tuesday to promote investment and strengthen cooperation between Vietnamese and Chilean businesses.

According to the Ministry of Industry and Trade, in the first ten months of 2024, Việt Nam's trade value with the Americas region reached more than US$136.5 billion, an increase of 20.7 per cent over the same period in 2023.

As members of two free trade agreements (FTA), there remains ample room ahead for both Vietnam and Chile to increase the trade turnover, including footwear products, according to insiders.

Nearly 20 Vietnamese enterprises visited Colombia and Chile from September 26 to October 3 with a view to further tapping into the Pacific Alliance markets, comprising Chile, Colombia, Mexico and Peru, and others in Latin America.

With a continuous rise in bilateral trade in recent years, Chile has become the fourth largest trade partner and one of the biggest markets of Vietnam in the Latin American region.

The Vietnamese Embassy in Chile and the Chile-Vietnam Chamber of Commerce have held a seminar to examine cooperation opportunities for 2021-2022 as part of the activities marking the 50th founding anniversary of Vietnam-Chile diplomatic relations.

Deputy Minister of Industry and Trade Do Thang Hai on August 4 held a virtual meeting with Rodrigo Yáñez Benitez, Under-Secretary for International Economic Relations at the Chilean Ministry of Foreign Affairs, to boost economic and trade cooperation between the two countries.

At the invitation of President Tran Dai Quang, Chilean President Michelle Bachelet is paying a State visit to Vietnam from November 8 to 9, as she attends the 2017 APEC Summit in Da Nang city. The visit marks a new milestone in the friendly relations and comprehensive cooperation between Vietnam and Chile.

Since the implementation of the free trade agreement between Chile and Vietnam the two countries have achieved a trade balance.