Vietnam hopes to further increase trade and investment with Latin American countries, with a focus on energy, telecommunications, hi-tech agriculture, and industries with high added value, an official has said.

VOV.VN - Vietnam has become Brazil’s leading trade partner in ASEAN, with two-way trade exceeding US$3 billion in July, an annual rise of 28%, according to the secretary for Bilateral Negotiations in Asia, the Pacific, and Russia at the Ministry of Foreign Affairs of Brazil.

Peru’s official ratification of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is expected to help boost trade between Vietnam and the South American nation.

VOV.VN - Mercosur, the South American trade bloc, is considered a potential market for Vietnamese products such as garments, footwear, handicrafts, and processed foods, despite the novel coronavirus (COVID-19) epidemic causing disruption to traditional supply chains.