Seminar seeks increased Vietnam-Brazil trade, investment
A seminar themed “Vietnam-Brazil relationship: potential and opportunities” was held in Hanoi on November 30 to provide a platform for discussions on ways to promote bilateral trade and investment.
Hanoi (VNA) – A seminar themed “Vietnam-Brazil relationship: potential and opportunities” was held in Hanoi on November 30 to provide a platform for discussions on ways to promote trade and investment between the two countries.
President of Vietnam’s Academy of Social Sciences (VASS) Nguyen Van Thang reviewed the outcomes of bilateral cooperation in recent years, especially in economics, trade and investment.
Two-way trade between Vietnam and Brazil hit 3.18 billion USD last year from 47 million USD in 2003. In 2008-2014, total exports and imports grew annually by 41 percent.
Brazilian Ambassador Marco Brandao touched upon business opportunities in aviation, agriculture, energy and transport, among others.
Cu Chi Loi, Director of the VASS’s Institute of American Studies, said Vietnam and Brazil are key bridges to enter regional markets. Bilateral ties are expected to grow robustly as the two countries integrate further into their respective regions.
He suggested formulating a free trade agreement, issuing trade and investment support mechanisms, promoting the launch of banks and convenient payment methods, and expanding people-to-people and cultural exchanges.
Participants discussed Brazil’s foreign policy and ties with Vietnam, business support for Vietnamese firms and Brazilian business activities in Vietnam.
The event was co-hosted by the Vietnam-Brazil Friendship and Cooperation Association and the VASS’s Institute of American Studies.-VNA
President of Vietnam’s Academy of Social Sciences (VASS) Nguyen Van Thang reviewed the outcomes of bilateral cooperation in recent years, especially in economics, trade and investment.
Two-way trade between Vietnam and Brazil hit 3.18 billion USD last year from 47 million USD in 2003. In 2008-2014, total exports and imports grew annually by 41 percent.
Brazilian Ambassador Marco Brandao touched upon business opportunities in aviation, agriculture, energy and transport, among others.
Cu Chi Loi, Director of the VASS’s Institute of American Studies, said Vietnam and Brazil are key bridges to enter regional markets. Bilateral ties are expected to grow robustly as the two countries integrate further into their respective regions.
He suggested formulating a free trade agreement, issuing trade and investment support mechanisms, promoting the launch of banks and convenient payment methods, and expanding people-to-people and cultural exchanges.
Participants discussed Brazil’s foreign policy and ties with Vietnam, business support for Vietnamese firms and Brazilian business activities in Vietnam.
The event was co-hosted by the Vietnam-Brazil Friendship and Cooperation Association and the VASS’s Institute of American Studies.-VNA
You should also see
Hanoi ceremony celebrates 70th anniversary of Geneva Agreement
The Ministry of Foreign Affairs held a ceremony in Hanoi on April 25 to mark 70 years since the signing of the Geneva Agreement on the Cessation of Hostilities in Vietnam - an important milestone in the struggle for national liberation of the Vietnamese people and a great victory of the Vietnamese diplomatic sector.
See more
Business
Petrol prices decrease slightly on April 25
The retail prices of petrol were adjusted down from 3pm on April 25 by the Ministry of Industry and Trade and the Ministry of Finance.
Business
Vietnamese canned sugarcane juice favoured in US
The first cases of Vietnamese canned sugarcane juice have hit supermarket shelves in Miami, the US state of Florida.
Business
Labels on foods exported to Singapore must be accurate: Trade counselor
Counsellor Cao Xuan Thang, head of the Vietnam Trade Office in Singapore, has advised Vietnamese exporters to pay attention to labeling pre-packaged food products to ensure their credibility and image of businesses when exporting to the Singaporean market.
Business
April 25 gold bullion auction cancelled
The State Bank of Vietnam (SBV) has announced that it canceled the gold bullion auction scheduled for April 25 morning as only one business submitted its bidding form.
Business
High airfares create chance for short-distance trips for Reunification Day holiday
Due to a hike of air ticket prices for domestic flights, Vietnamese tourists are turning to short-distance trips for the upcoming National Reunification Day (April 30) and May Day (May 1) holidays.
