(VOVworld) - Trade revenue between Vietnam and Chile rose 55% over the year to more than 540 million dollars. This was the first time Vietnam enjoyed a trade surplus with the South American country.

The first Vietnam Chile Free Trade Council Meeting in Santiago on November 3rd and 4th, 2014. Photo: moit.gov.vn

During the first Vietnam Chile Free Trade Council meeting in Santiago, both agreed on a new roadmap to facilitate bilateral trade, especially on human resource training, mining and salmon farming. They will negotiate inter-ministerial memoranda of understanding to ensure market access for agricultural products from both sides. Vietnam’s Free Trade Agreement with Chile took effect in January, the first between Vietnam and a Latin American country.