Vietnam Represents Major Potential Market for Uruguay

The Embassy of Uruguay in Vietnam held an event on August 18 in Hanoi, highlighting Uruguay's outstanding strengths in agriculture, particularly its beef and dairy industries - two of the country's key export sectors. The event also aimed to promote trade and investment cooperation between Uruguay and Vietnam.
August 20, 2026 | 10:00
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According to Ricardo de Izaguirre, President of Uruguay's National Dairy Institute (INALE): “Uruguay is a country with a temperate climate. Uruguay has an irrigation system to ensure that grass grows sufficiently throughout the year, even under difficult conditions such as water shortages and possible droughts.”

Ricardo de Izaguirre, President of Uruguay's National Dairy Institute (INALE), introduces Uruguay's milk and dairy products. (Photo: Khac Kien/People's Newspaper)
Ricardo de Izaguirre, President of Uruguay's National Dairy Institute (INALE), introduces Uruguay's milk and dairy products. (Photo: Khac Kien/Nhan Dan Newspaper)

Dairy cattle in Uruguay graze year-round on lush green pastures, benefiting from a mild climate and clean water sources. Milk produced from natural grass is richer in nutrients such as Vitamins A and D, Omega-3 and Conjugated Linoleic Acid (CLA) than milk from cattle raised in intensive farming systems. Strict livestock farming procedures ensure that growth hormones and excessive antibiotics are not used.

Ricardo de Izaguirre particularly emphasized: “The use of antibiotics is completely prohibited in Uruguay for cows that are producing milk.”

Uruguayan cow's milk has a naturally rich and pure flavor, with a distinctive creamy taste and a smooth, thick texture thanks to the preservation of the natural fat found in fresh cow's milk.

Uruguay has one of the world's most advanced livestock traceability systems. Every cow is assigned an identification code to monitor its health and origin from birth. Uruguayan cow's milk provides abundant natural Calcium, Protein, Vitamins and minerals, supporting bone development and improving physical strength for consumers.

In addition to milk and dairy products, Uruguayan beef is increasingly establishing its position in international markets thanks to its high quality, exceptional safety and sustainable production processes. Combining a long-standing livestock farming tradition with modern technology, it is regarded as some of the cleanest and finest beef in the world.

Uruguay has vast natural grasslands and a mild climate. Cattle are naturally grazed on pastures rather than being confined in cramped barns. Thanks to their high level of physical activity and natural grass-based diet, Uruguayan beef is low in fat and rich in Omega-3, Conjugated Linoleic Acid (CLA) and nutrients beneficial to cardiovascular health.

Gaston Escayola, President of Uruguay's National Meat Institute (INAC), introduces Vietnamese businesses to the outstanding advantages of Uruguayan beef. (Photo: Khac Kien/People's Newspaper)
Gaston Escayola, President of Uruguay's National Meat Institute (INAC), introduces Vietnamese businesses to the outstanding advantages of Uruguayan beef. (Photo: Khac Kien/People's Newspaper)

Asked about efforts to promote economic and trade cooperation between Vietnam and Uruguay, Gaston Escayola, President of Uruguay's National Meat Institute (INAC), affirmed: “For Uruguay, Southeast Asia is an extremely important region. We particularly regard Vietnam as a friendly country that shares our commitment to world peace, free trade and multilateralism. This is very encouraging because we are a small country that needs to export 80% of our production. For us, diversifying our markets is extremely important, and markets such as Vietnam, which are experiencing significant growth and rising per capita incomes, represent a market with great potential for our country. Therefore, in addition to friendship, we have an opportunity to establish trade relations, sell our products and continue importing products from Vietnam, ranging from fruit to technology. In other words, our two countries complement each other very well.”

Previously, at the headquarters of the Ministry of Agriculture and Environment, Deputy Minister Nguyen Quoc Tri held a meeting with Matias Carambula, Uruguay's Deputy Minister of Livestock, Agriculture and Fisheries, and his delegation.

Speaking at the meeting, Deputy Minister Nguyen Quoc Tri affirmed: “Vietnam highly values Uruguay's active role in the Southern Common Market - MERCOSUR, as well as the country's outstanding agricultural strengths in beef cattle, sheep, dairy and high-quality agricultural products. We hope the two countries will promote practical, effective and mutually beneficial agricultural cooperation that is aligned with the needs and strengths of each side.”

Deputy Minister Matias Carambula emphasized the potential to expand agricultural trade relations between Vietnam and Uruguay, initially focusing on meat products. Uruguay called on Vietnam to accelerate the process of opening its market to Uruguayan meat and livestock products, with priority given to live cattle and beef products.

In addition to the meat sector, Deputy Minister Matias Carambula said that the two sides should continue discussions to identify agricultural product groups with potential, thereby selecting priority areas for cooperation in the coming period.

“With a stable institutional environment and the ability to meet international regulations, Uruguay has significant potential to become a reliable agricultural trade partner of Vietnam. We are ready to serve as a bridge, supporting the greater presence of Vietnamese goods in the Latin American market and promoting exports to the region,” Deputy Minister Matias Carambula said.

According to statistics, in 2025, Vietnam-Uruguay total import and export turnover reached USD 268.42 million, an increase of 58.4% compared with 2024. Of this, Vietnam's exports to Uruguay reached USD 179.92 million, up 64.8%, while Vietnam's imports from Uruguay reached USD 88.50 million, up 46.8%.

In the first six months of 2026, bilateral trade turnover reached USD 148.35 million, an increase of 21.8% year on year. Vietnam's exports reached USD 106.52 million, up 57.5%, while imports reached USD 41.83 million, down 22.7%.

Vietnam's main exports to Uruguay include phones and components; footwear; toys, sports equipment and parts; textiles and garments; computers, electronic products and components; and machinery, equipment, tools and other spare parts.

Vietnam's main imports from Uruguay include wood and wood products; milk and dairy products; textile, garment, leather and footwear materials; wheat; animal feed and raw materials; and chemicals.

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