Vietnam seeks to promote trade, investment ties with Brazil

06/07/2018, 07:40

Deputy Prime Minister Vuong Dinh Hue on July 3 visited Sao Paulo, the largest financial and industrial hub of Brazil and the North American region, as part of his ongoing visit to Brazil. 

Deputy Prime Minister Vuong Dinh Hue (middle) at the Vietnam-Brazil trade

 and investment forum (Photo: VNA)

Addressing a Vietnam-Brazil trade and investment forum with the participation of representatives of about 100 enterprises of both sides, the Deputy PM highlighted cooperation potential between the two countries.

Vietnam has recorded a high growth rate over the past many years, and will be a gateway for Brazil to access the ASEAN markets and free trade areas in which Vietnam is a member, while Brazil can help Vietnam penetrate the South American trade bloc (MECOSUR), he said.

Along with the agreements signed on aviation, agriculture and cooperation deals between the Chambers of Commerce and Industry of the two countries, Vietnam and Brazil have finalised agreements on defence, especially in the defence industry, while heading to the signing of an investment protection agreement and another on double taxation avoidance.

Deputy PM Hue expressed his belief that ties between the two countries will thrive in the future through specific programmes.

Vietnam can become a top importer of Brazil’s maize and soybean, and will consider buying beef from the country, he said, suggesting that Brazil import more coffee, tra fish and shrimp from Vietnam.

He underscored that Vietnam is willing to cooperate with Brazil in farming machine manufacturing, safe agricultural production, tourism, education and training, and pharmaceuticals.

Alencar Burti, President of the Sao Paulo Chamber of Commerce, said that the forum creates a chance for Vietnam to attract more investment from Sao Paulo, and foster partnership between the business communities of both sides.

Earlier the same day, at a meeting with Ambassador Rubens Barbosa, President of the Federation of Industries of Sao Paulo State (FIESP), Deputy PM Hue proposed that the FIESP strengthen cooperation with Vietnam’s big cities such as Ho Chi Minh City, while engaging in the restructuring and acquisition of State-owned enterprises as well as the reform of banking system and the construction of agricultural processing plants in Vietnam, thus involving deeper in Vietnam and ASEAN markets.

During his stay in Sao Paulo, Deputy PM Hue also held meetings with some leading enterprises and business associations of Brazil such as the Brazilian Association for Fisheries Promotion (ABRAPES), the Brazilian Association of Fisheries Industries (ABIPESCA), aerospace companies Embraer and Avibras, and Eurofarma medical company.

At the meetings, the Deputy PM briefed the businesses on important agreements reached during his visit, as well as political determination of leaders of both countries in boosting two-way trade, positive response of Brazil to Vietnam’s proposal to consider Vietnam’s market economy regulations in 2018, and the building of legal framework for bilateral trade.

He held that the Vietnamese and Brazilian economies can supplement each other, but current investment cooperation has yet to match the potential.

Vietnam welcomes businesses to take advantage of favourable conditions created by the Vietnamese and Brazilian Governments to seek stronger partnership, he stressed.

Brazilian enterprises expressed their interest in the Vietnamese market and opportunities to import Vietnamese aquatic products such as shrimp and tuna, as well as export soybean and beef to Vietnam.

They also sought partners to import under-150-seat airplanes, while showing willingness to exchange experience with their Vietnamese peers in producing and distributing ethanol petrol, forge stronger partnership in the defence industry, and consider the expansion of cooperation to new areas of high technology, finance-banking, education and medicine.

Deputy PM Hue pledged that the Government of Vietnam will support and encourage domestic firms to seek partners in Brazil.

Source: VNA


Related articles

(0) Comments
Focus
Unbelievable Victory
BTO - The 2025 UEFA Champions League final featured a clash between France's Paris Saint-Germain (PSG) and Italy's Inter Milan. It was the first time the two sides had ever met in an official Champions League fixture. What unfolded was an enthralling match, albeit a one-sided one. PSG pulled off a *stunning* 5-0 victory over Inter Milan in what many are calling an "unbelievable" triumph.
Do not miss
  • FA Cup Miracle: Crystal Palace Stun Man City at Wembley
    19 yesterday Sports
    BTO-On the morning of May 18, 2025, the most anticipated clash of the English football weekend unfolded at Wembley: the FA Cup Final — the oldest football competition in the world — between Crystal Palace and Manchester City. Despite...
  • The Return of a Legend
    29 yesterday Sports
    BTO-More than ten years since his departure, Xabi Alonso is set to return to the Santiago Bernabéu—this time as the head coach of the Royal Club. A former standout in Real Madrid’s illustrious history, Alonso now has the opportunity...
  • Vesak 2025 Grand Celebration: Spreading the Noble Values of Buddhism
    29 yesterday Culture
    As summer returns and lotuses bloom under the full moon of the fourth lunar month, Buddhists around the world joyfully celebrate the birth of Prince Siddhartha Gautama. In Bình Thuận and across Vietnam, temples, monasteries, and lay...
  • When the Guns Went Silent: Arsenal Stumbles vs. PSG
    one month ago Sports
    BTO-Arsenal and PSG, both chasing their first-ever Champions League title, were set for a historic breakthrough this season. But Arsenal’s hopes took a major hit with a 0-1 home loss to PSG in the first leg of the semifinals, leaving...
  • "El Pulga" Alone Can’t Secure Glory
    one month ago Sports
    Lionel Messi is currently playing for Inter Miami in Major League Soccer (MLS). With his exceptional talent, "El Pulga" has played a vital role in turning the young club into a rising power. However, Messi alone cannot carry an Inter...
  • Falling at the "Gates of Heaven
    one month ago Sports
    BTO-Carlos Alcaraz displayed remarkable form and composure throughout the 2025 Barcelona Open. The Spanish star made his way to the final without dropping a single set. However, at the final hurdle, the "Mini Nadal" stumbled at the...
  • Colorful Áo Dài and Folk Dance Showcase Marks 50 Years of Liberation
    one month ago Culture
    BTO – On the morning of April 26, the Bình Thuận Provincial Women's Union organized a mass Áo Dài and folk dance performance at Nguyễn Tất Thành Square in Phan Thiết City, featuring the participation of 600 female officials, members,...
  • Farewell to the “Bavarian Giants”
    one month ago Sports
    BTO-After a courageous 2-1 victory in the first leg of the Champions League quarterfinals, Inter Milan returned home to host Bayern Munich in the second leg. Though a one-goal lead was far from secure, the Italian side left no room...
  • No Miracle at Signal Iduna Park
    one month ago Sports
    BTO-Barcelona has a reputation for collapsing under pressure, having twice squandered significant first-leg advantages in the Champions League knockout stages. That gave Dortmund hope for a dramatic comeback at Signal Iduna Park in...
  • Phan Thiết – The 50-Year Journey: From Liberation to a Dynamic, Modern Coastal City
    one month ago Business
    April 19, 1975 – April 19, 2025: A proud 50-year milestone since the liberation of Phan Thiết. Half a century may not be long in the grand flow of history, but for Phan Thiết—a land once scarred by war—it marks a powerful transformation....
  • Red Devils Hold Off Blue Tide in Manchester Derby Stalemate
    one month ago Sports
    BTO-On the night of April 6, a classic Manchester derby unfolded at Old Trafford in Matchweek 31 of the Premier League, where Manchester United and Manchester City clashed in a high-stakes encounter. Despite having little left to fight...
  • Nou Camp Nightmare: Dortmund Swept Aside by Ruthless Barca
    one month ago Sports
    BTO-Barcelona put on a dominant display in the UEFA Champions League quarterfinal first leg, thrashing Borussia Dortmund 4-0 in a one-sided encounter at the Nou Camp. The Catalan giants delighted their home crowd with a goal-fest, featuring...
  • Liverpool Bounces Back with Vital Victory Over Everton, Keeping Arsenal at Bay
    2 month ago Sports
    BTO-After consecutive failures in the FA Cup, Champions League, and League Cup, the morale of Arne Slot's squad has been declining. Facing pressure following Arsenal's victory in the early match the day before, Liverpool was compelled...
  • The Beauty of Hòn Cau Island
    2 month ago LANDSCAPES
    March signals the perfect time for a visit to Hòn Cau Island (Phước Thể, Tuy Phong) as the weather transitions and the golden sunlight bathes the island. Located about 110 km from Phan Thiết, Cù Lao Câu is a pristine, uninhabited island...
  • The Final Goal
    2 month ago Sports
    BTO-Manchester City now only has one goal left: winning the FA Cup to salvage what has been a “disastrous” season. As a result, Coach Pep Guardiola and his players have put all their energy into the world’s oldest football tournament....
  • Regaining the Top Spot
    2 month ago Sports
    Playing a day before their arch-rivals Barcelona, Real Madrid took full advantage of the opportunity to reclaim the top spot in La Liga with a comfortable 2-1 victory over Villarreal, thanks to a brace from Mbappe.
  • A Hard-Fought Victory
    2 month ago Sports
    BTO-On the evening of March 19, the Vietnam national team played their first international match since winning the AFF Cup 2024, hosting Cambodia in a friendly at Gò Đậu Stadium (Bình Dương). Given their superior standing, a victory...
  • Farewell to the "King of Cups"
    2 month ago Sports
    BTO-After suffering a 1-0 home defeat in the first leg of the Champions League Round of 16, the French football powerhouse PSG was under immense pressure to win the return leg away at Liverpool. And they did just that, securing a place...
  • Surrendering the Title
    2 month ago Sports
    BTO- The highlight of Premier League Matchweek 28 was the showdown between Manchester United and Arsenal at Old Trafford. Arsenal desperately needed a victory to keep up with Liverpool, but they could only manage a draw, while the league...
  • Even Djokovic Can’t Defy Time
    2 month ago Sports
    BTO-Novak Djokovic has just suffered a defeat against Botic Van De Zandschulp in the second round of  Indian Wells 2025, marking the first time in seven years that he has lost three consecutive matches. At 37 years old, Djokovic is...
POWERED BY ONECMS - A PRODUCT OF NEKO
Vietnam seeks to promote trade, investment ties with Brazil