Vietnam, Brazil target US$10 billion bilateral trade over next two years
VOV.VN - Brazilian companies keen on expanding into the Vietnamese market gathered at a business seminar hosted by the Vietnam Trade Office in Sao Paulo on April 9, held in conjunction with the sixth ANUGA Food and Beverage Exhibition.
Vietnamese Ambassador to Brazil Bui Van Nghi opened the event by highlighting the steady progress in bilateral relations since diplomatic ties were established in 1989. He noted the significance of the strategic partnership upgrade on November 17, 2024, which marked Brazil as Vietnam's first strategic partner in South America, and vice versa for Vietnam in Southeast Asia.
The Vietnamese diplomat also recalled the outcomes of Brazilian President Lula da Silva's official visit to Vietnam in late March, during which both nations issued a joint statement launching a 2025–2030 action programme to deepen cooperation across key sectors.
Participants at the seminar actively discussed opportunities, challenges, and strategies in a bid to boost bilateral economic ties.
Victor Key, President of the Brazil-Vietnam Chamber of Commerce and Industry, described Vietnam as a vital trade partner in Asia. He expressed optimism that bilateral trade could reach US$10 billion within the next two years.
Bruno Romano, Commercial Director of GreenLife Solution, emphasised Vietnam's appeal as a high-potential market for Brazilian exports such as beef, poultry, and grains. He also said that Vietnam is a reliable supplier of raw materials including frozen fruits, plastic resins, iron, steel, and aluminium for Brazilian industries.
Pham Hong Trang, head of the Vietnam Trade Office in Brazil, underlined the economic complementarity between the two countries. "Brazil, Latin America’s largest economy, is strong in agriculture, energy, and manufacturing- sectors that align well with Vietnam’s strategy to diversify its export markets amid global trade realignments," she said.
During the exhibition, held from April 8 to 10, Vietnamese businesses showcased a variety of signature food and beverage products, including dried pho, instant noodles, canned goods, chocolate-coated dried fruits, tea, coffee, and healthy grains. They engaged in networking sessions with supermarket chains and distributors in Brazil, aiming to tap into the country’s 230 million-strong consumer market.
This year’s edition of the exhibition attracted over 500 companies from 23 countries and welcomed more than 16,000 visitors from 33 nations.
Vietnam, Brazil set sights on US$15 billion trade target by 2030
VOV.VN - President Lula da Silva and Prime Minister Pham Minh Chinh pledged to create favorable conditions for bilateral trade to reach US$15 billion by 2030 during the Brazil-Vietnam Economic Forum in Hanoi on March 29.
