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Vietnam seeks to promote trade and investment ties with Brazil

by VTV405 July 2018 Last updated at 09:42 AM

VTV.vn - On July 3, Deputy Prime Minister Vuong Dinh Hue visited Sao Paulo, the largest financial and industrial hub in South America, as part of his ongoing visit to Brazil.

Addressing a Vietnam-Brazil trade and investment forum attended by representatives of about 100 enterprises, the Deputy PM highlighted the potential between the two countries to cooperate. Vietnam has had high growth rates for many years now and can be a gateway for Brazil to access the ASEAN markets and free trade areas while Brazil can help Vietnam penetrate the South American trade bloc (MECOSUR), he said.

Aviation and agriculture agreements were signed in addition to cooperation deals between the Chambers of Commerce and Industry of the two countries. Vietnam and Brazil also finalized agreements in the defense industry and prepared for the signing of an investment protection agreement and another on double taxation avoidance. Deputy PM Hue believes that ties between the two countries will thrive in the future through specific programs.

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