The Vietnam Trade Office in Brazil has the function of representing and protecting the interests of Vietnam, Vietnamese businesses and people in economic, trade and industrial relations...
Striving for bilateral trade turnover to reach 15 billion USD by 2030
Brazil is one of Vietnam's leading partners in Latin America. In 1989, the two countries officially established diplomatic relations, and in 2007, the two countries upgraded their relationship to the level of Comprehensive Partnership, with the desire to effectively implement bilateral cooperation. Over the past 35 years, the relationship between Vietnam and Brazil has been developing positively in all fields and becoming more in-depth and substantial; political relations have become increasingly close and trustworthy; economic and trade relations have increased and achieved many good results.
Currently, Brazil is Vietnam's largest trading partner in Latin America and second in the Americas, after the United States. In turn, Vietnam is Brazil's leading partner in the Association of Southeast Asian Nations (ASEAN). Economic and trade cooperation is becoming the foundation for long-term relations between the two countries.
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| On November 6, 2024, at the Ministry of Industry and Trade, Minister Nguyen Hong Dien received and worked with Brazilian Ambassador to Vietnam Marco Farani to discuss bilateral economic and trade relations, especially promoting the launch of negotiations for the Vietnam - MERCOSUR FTA. |
In recent years, trade turnover between Vietnam and Brazil has witnessed strong growth, reflecting the extensive and diverse trade partnership between the two countries. Vietnam and Brazil are promoting negotiations on a Free Trade Agreement (FTA) with the Southern Common Market (Mercosur - including Brazil, Argentina, Uruguay, Paraguay) to turn this FTA into a driving force to exploit the export market in the Latin American region.
Bilateral trade relations between Vietnam and Brazil have increased rapidly, from 1.53 billion USD in 2011 to 6.78 billion USD in 2022; more than 7.1 billion USD in 2023; 10 months of 2024 reached 6.58 billion USD. The two countries strive to increase bilateral turnover to 10 billion USD in 2025 and 15 billion USD in 2030. Vietnam is always ready to create favorable conditions for Brazilian businesses in the fields of agriculture, high technology, renewable energy and logistics.
These impressive results are the significant contribution of Vietnamese representative agencies abroad, including the Vietnamese Trade Office in Brazil.
Contribution from the trade agency
According to Decision No. 4376/QD-BCT dated August 8, 2008 of the Ministry of Industry and Trade, trade offices in countries, territories and international organizations (trade offices), including the Vietnam Trade Office in Brazil, are specialized agencies under the Ministry of Industry and Trade and are part of the organizational structure of the Representative Office of the Socialist Republic of Vietnam abroad.
The Vietnam Trade Office in Brazil has the function of representing and protecting the interests of Vietnam, Vietnamese enterprises and individuals in economic-commercial relations, industry, industrial investment development, and trade services in the Brazilian market ; supporting Vietnam's trade promotion activities in this market.
In addition, the Vietnam Trade Office in Brazil is also responsible for coordinating with units inside and outside the Ministry of Industry and Trade to participate in activities related to negotiating and signing economic, trade and industrial agreements, serving high-ranking delegations of Vietnam to work; performing other tasks related to international and regional economic integration as assigned by the Ministry's leaders. At the same time, collecting information, researching mechanisms and policies of local markets; promoting trade, services, and industrial investment.
In recent years, to promote Vietnam - Brazil trade cooperation activities, the Vietnam Trade Office in Brazil has chaired and coordinated with domestic and foreign agencies to organize business forums, trade-investment seminars, Vietnam Day abroad, Vietnamese Goods Purchasing Day and participated in promoting Vietnamese goods in the mass media and at supermarket systems in the host country...
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| Vietnam and Brazil are striving to increase bilateral trade turnover to 10 billion USD by 2025 and 15 billion USD by 2030. Photo: Huynh Duong |
Notably, the Vietnam Trade Office in Brazil is currently working with relevant agencies to promote negotiations on the Vietnam-MERCOSUR Free Trade Agreement (FTA), with the expectation that the Agreement will create a breakthrough in trade relations, helping to promote the exchange of goods and investment between Vietnam and Brazil in particular and with countries in the bloc in general.
Mr. Ngo Xuan Ty - Head of the Vietnam Trade Office in Brazil, commented that Brazil is currently a member of the Southern Common Market (MERCOSUR). With nearly 300 million consumers, accounting for about 70% of the South American population, MERCOSUR is a very potential market for Vietnam's export products such as garments, footwear, handicrafts, and processed foods.
Through the FTA between Vietnam and MERCOSUR, Brazil can become a bridge to help Vietnam access the markets of Latin American countries as well as MERCOSUR. Meanwhile, Vietnam will become a bridge to help Brazil access the large ASEAN market with more than 650 million people and a larger market with 800 million people of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
When the Vietnam-MERCOSUR FTA is signed, it will bring many opportunities and benefits to Vietnam, from expanding export markets, attracting investment to strengthening cooperation in many different fields. This will not only contribute to Vietnam's economic development but also enhance Vietnam's position in the context of increasingly deep international integration.
In addition to its professional duties, the Vietnam Trade Office in Brazil also proactively coordinates with press and media agencies in the Ministry of Industry and Trade, including the Industry and Trade Newspaper and Vietnamese press agencies based abroad to provide market information, promptly update policy changes in the host country, promptly advise departments, offices and leaders of the Ministry of Industry and Trade as well as the Vietnamese Government to promptly respond to policies and protect the production and business activities of the business community.
Information about Vietnam Trade Office in Brazil (Concurrently in charge of Bolivia, Guyana, Peru, Suriname): Contact: First Secretary, Head of Trade Affairs Ngo Xuan Ty Phone: 84937357008 Email: [email protected]; [email protected] Address: Rua Paulo Orozimbo, 675-Conj. 91;92 CEP: 015-35001- Bairro da Aclimação; São Paulo - SP - Brasil Phone: (+55) 11 32766776 Fax: (+55)11 2537 8040 Email:[email protected]; [email protected] Website: http://www.ecoviet.com.br |
Source: https://congthuong.vn/tong-quan-ve-thuong-vu-viet-nam-tai-brazil-366963.html
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