Vietnam represents priority partner of Brazil in Asia

The Brazilian Vice President expressed his positive impression of the Vietnamese growth rate and international economic integration as it has joined 16 free trade agreements (FTAs).

Vietnam is currently an attractive economic, trade, and tourism destination, he said, adding that the country connects supply chains, semiconductor production, and logistics services.

He therefore suggested operating a direct route linking Brazil and Vietnam, thereby further contributing to promoting tourism and trade exchange with Southeast Asia.

Brazil is also interested in promoting co-operation in science and technology, innovation, and high technology, especially in the semiconductor industry and clean, renewable energy, Alckmin said.

For his part, Ambassador Nghi emphasized that in addition to the fine political and diplomatic relations that exists, economic and trade ties between both sides continue to grow strongly. Indeed, Brazil is the largest Vietnamese trading partner in Latin America and second in America, behind only the US. Meanwhile, Vietnam is Brazil's leading trading partner in ASEAN.

According to data compiled by the General Department of Vietnam Customs, trade between the two nations reached US$7.11 billion, of which Vietnamese imports stood at US$4.7 billion.

The past five months of this year witnessed Vietnamese export turnover to Brazil reach US$1.14 billion, up 1.48% over the same period from last year. The nation's key export items to Brazil included phones and components, vehicles and spare parts, and computers and electronic products.

Ambassador Nghi hailed Brazilian aviation technology, including Embraer's narrow-body aircraft, which is suitable to meeting the needs of Vietnamese air transport and tourism development.