Vietnam and Uruguay established diplomatic relations at ambassadorial level on August 11th 1993. The Vietnamese Embassy in Argentina also covers Uruguay and the Uruguayan Embassy in Malaysia also covers Vietnam. Uruguay's Ambassador to Malaysia Pablo Sade presented his credentials in August 2007.
In 2005, Vietnam and Uruguay finished negotiations on Vietnam's accession to the WTO. In 2007, Uruguay backed Vietnam to become a UN Security Council non-permanent member in the 2008-2009 term. The Uruguayan President pay an official visit to Vietnam in November 2007; on this occasion, the two nations signed the Agreement of Framework Cooperation at governmental level, an Agreement on Visa Exemption for diplomatic and official passport holders and an MOU on the establishment of political consultation mechanism between the two Ministries of Foreign Affairs.
The economic and trade relations between the two countries remain limited, but the two sides have much potential to develop, especially in the fields of mining, construction, agricultural-aquatic product processing industry, cement and paper, etc. Vietnam can export products in light industries such as electrical goods and household electronics to Uruguay.
Vietnam exports sport shoes, electric fans, motorcycle spare parts, water pumping machinery and garments to Uruguay and imports soybean powder and oil, beef, wheat, maize, leather, wood and cotton from the Latin American country.