5:09:44 PM | 2/1/2014
Two-way trade between Vietnam and Brazil hit US$2.3 billion in 2013, including US$1.1 billion from Vietnamese exports, according to the latest statistics released by the Vietnam Customs Department.
Other statistics indicate that bilateral trade enjoyed a hefty year-on-year increase of 28 percent. Vietnam’s imports from the Brazilian market rose 52.5 percent from a year earlier to US$996.87 million, while its export revenue grew by 11.8 percent year on year to US$1.08 billion.
The two countries are expected to accelerate their bilateral trade to roughlyUS$5 billion over the next five years, and US$8-10 billion by 2020.
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