Brazil, Vietnam promote trade, investment cooperation
The office of the Vietnam Chamber of Commerce and Industry in Ho Chi Minh City (VCCI-HCMC) in conjunction with the Brazil Embassy in Vietnam held a seminar in the city on October 5.
Tran Ngoc Liem, Deputy Director of the VCCI-HCMC, said that trade relation between Vietnam and Brazil has been unceasingly strengthened and developed over the past years. The bilateral trade turnover reached almost US$937 million in 2010 and exceeded US$1 billion for the first time in 2011.
The two countries have also signed many agreements, creating a legal foundation and favourable conditions for boosting bilateral cooperation in many fields, especially in economics, trade and investment.
According to Victoria Alice Cleaver, Brazilian Ambassador to Vietnam, the country’s businesses are trying their best to seek investment opportunities in the Vietnamese market.
Therefore, the two countries’ investment promotion agencies should update information and incentives, as well as answering queries for businesses keen to penetrate into the market.