Vietnam-Brazil Trade to Be Pushed to New Height

Vietnam and Brazil will push up their bilateral trade to a new height, meeting their great potentials in the coming time, stressed visiting Leader of the Vietnamese National Assembly Nguyen Van An at a business meeting in Sao Paulo last Monday.

 

“Vietnam has always created favorable conditions for business developments”, noted An to around 100 Brazilian enterprises attending the conference, which was co-organized by the Vietnam Chamber of Commercial and Industry and the Sao Paolo State Federation of Industries.

 

The visitor, who arrived in Brazil on March 6 at the invitation of his Brazilian counterpart Aldo Rebelo, announced that Vietnam has already created the fundamental legal framework and document to facilitate and ensure social-economic activities, so that foreign investors and businesses would face no difficult when conducting their business in the country.

 

On the same day An paid a visit to the Sao Paolo Stock Exchange, which boasts nearly 400 listed company with a total trade value of US$1 billion per session.

 

Chairman An will meet the Head of Brazilian Lower House and some other senior official after his stay in Sao Paolo.

 

Vietnam established diplomatic relation with Brazil in May 1989.

 

The two countries have signed agreements on political exchange in October 1995, and cultural cooperation in October 2003.

 

According to the Trade Ministry of Vietnam, two-way trade last year was US$113 million increasing from US$72 million from the year before.