Vietnamese businesses need to cooperate closer with partners in order to boost exports to Brazil in the last month of 2021 as the American market’s import and export activities have recorded a stable growth, according to the Vietnam Trade Office in Brazil.
Hanoi (VNA) - Vietnamese businesses need to cooperate closer with partners in order to boost exports to Brazil in the last month of 2021 as the American market’s import and export activities have recorded a stable growth, according to the Vietnam Trade Office in Brazil.
Two-way trade between Vietnam and Brazil hit 5.74 billion USD in the last 11 months, up nearly 36.8 percent year-on-year, with Vietnam's exports to Brazil valued at 2.04 billion USD, up 24.7 percent year-on-year.
Sharp increases were seen in the shipment to Brazil of items such as iron and steel, furniture products, computers, electronic products, bamboo and rattan products, sedge carpets, vehicles and spare parts, technical fabrics, rubber, textile fibers, aquatic products, textile raw materials, footwear, rubber products, and bags.
Vu Ba Phu, director of Vietnam Trade Promotion Agency of the Ministry of Industry and Trade (MoIT), said although the COVID-19 pandemic has had a negative impact on the economy, trade between Vietnam and Brazil has grown, so businesses of the two sides still have many opportunities to improve trade turnover in the coming time.
According to deputy head of the European-American Market Department of the MoIT Vo Hong Anh, the value of exports to Brazil has been improved with an increasingly diverse range of trade commodities such as mobile phones, electronic equipment, iron and steel, footwear, chemicals, agricultural products, and processed foods, and raw materials for livestock feeds and some other production industries./.
Brazil considers Vietnam its important partner and it will continue working closely with the Southeast Asian country to further strengthen the bilateral relations, Vice President of Brazil Halmiton Mourao has said.
Vietnamese Ambassador to Brazil and Suriname Pham Thi Kim Hoa has vowed to do her utmost to develop good friendship and cooperation between Vietnam and Suriname at a meeting with President of Suriname Chandrikapersad Santokhi following the ambassador's presentation of credentials.
A workshop to promote trade cooperation between Vietnamese and Brazilian enterprises has been held recently by the Vietnamese Embassy in Brazil and the Sao Paulo Trade Association in Sao Paulo.
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Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
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A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
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PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
Producing footwear for export (Photo: VNA) 
