Vietnamese footwear sells well in Brazil

It has emerged as the largest supplier of footwear products to this South American nation, with export revenues hitting US$221.3 million in the first nine months of 2012, a year-on-year increase of 48.8 percent, according to the Vietnam Trade Office in Brazil.

Trade turnover between the two countries reached more than US$1.3 billion in the past three quarters of this year, up 24.1 percent over last year’s figure. Vietnamese exports have already earned US$597.2 million, filling 87.7 percent of the year’s set target.

Vietnam ships mostly footwear, seafood, computers, electronics, spare parts, transport vehicles, garments and textiles, and steel and rubber products to Brazil. It imports animal feed, tobacco, machinery, automobile accessories, chemicals, timber products, and raw materials for the garment sector.

Vietnam also expects to enjoy a favourable trade surplus with Brazil in the future, reports the Vietnam Trade Office in Brazil.