Peru and Vietnam officially established the diplomatic relations on November 14th 1994. The Embassy of Peru has been in Vietnam since 2013, while the Embassy of Vietnam in Brazil is concurrently in charge of Peru.

 

In terms of high-level visit/meet-ups, the following table shows the details:

 

High-level visits/meet-ups

Date


From Peru to Vietnam

H.E President Alberto Fujimori 

7/1998

Minister of Foreign Affairs - Mr. Oscar Maurtua 

2/2006

Vice President- Mr. Luis Giampietri in the 14th APEC summit

11/2006

 


From Vietnam to Peru

Vice Minister of Foreign Affairs - Mr. Nguyen Dy Nien

5/1998

Vice Prime Minister, Minister of Foreign Affairs - Mr. Nguyen Manh Cam

9/1999

 

Vice Minister of Foreign Affairs - Mr. Le Van Bang

3/2007

The President H.E. Mr. Nguyen Minh Triet in the 16th APEC summit

Vice Minister of Industry and Trade - Mr. Tran Tuan Anh

11/2008

8/2015


 

Of the billateral cooperation agreements, Peru and Vietnam has just signed the Agreement on the Establishment of the Intergovernmental Commission on Economic and Technical Cooperation on August 2015. This would open up a new stage of cooperation between two (02) governments to promote the bilateral relation. The main areas, which have been under negotiation, are: culture, aquaculture, drug control, education, science and technology and more importantly the opening of fruit market.

 

Peru and Vietnam have joined some international organizations/forums, such as: APEC, FOCALAE, WTO and also both are negotiating members of the Trans-Pacific Partnership (TPP) agreement. Two countries share some common interests in the above organizations/forums.

 

The commercial and investment relations between two countries have been continually improved.

 

Of the commerce:

 

The trading relationship between two countries has significantly improved in 2014. For the first time, the trade turnover between Peru and Vietnam exceeded the threshold of USD 200 million, reached to USD 238 million in the first eight (08) months of 2014. Import from Peru increased to USD 86 million; 256% year-on-year growth. Vietnam’s export reached USD 152 million, 88% increase compared to the last year period.

 

Portfolio of export-import commodities has hardly changed. Peru’s traditional export commodities like seafood, and fishmeal still make up the large share of the total export, while footwear, textile, electronic devices and mechanics account for the majority of Peru’s import from Vietnam.

 

Of the investment:

 

There are two (02) big companies of Vietnam having investment in Peru and also two (02) Peruvian companies operating its business in Vietnam.

 

  • Viettel and PetroVietnam are the two corporations in areas of telecommunication and energy respectively. The official launch of Viettel’s service on October 15th, 2014 has marked an important step of its investment in Peru since 2009. There have been 80% of the areas having population in Peru covered by Viettel’s telecommunication service up to now. PetroVietnam this year has also begun producing oil commercially off the coast of Peru as a result of the successful exploration and production of Block 67. On August 14, 2014, Block 67 Project has reached 1 million barrels of oil. Besides, PetroVietnam has continuously expanded its investment through its exploration in other blocks such as Block 39.
  •  
  • AJE and AquaExpedition are two Peruvian companies that are currently doing business in Vietnam. The former is in the beverage sector, while the latter just operated its cruise ship service on the Mekong Delta River, starting from Ho Chi Minh City. The AJE group started its business from 2009, manufactured and sold the “Big Cola” in the market. Currently, the Big cola product makes up a considerable share of the beverage market in the south of Vietnam and has been expanding the business to the North of Vietnam. The AquaExpedition just launched its service in August 2014.