Two-way trade between Vietnam and Brazil hit about 1.73 billion USD in the last two quarters, representing a year-on-year increase of 16 percent, according to the Vietnam Commercial Affairs Office in Brazil.
Hanoi (VNA) – Two-way tradebetween Vietnam and Brazil hit about 1.73 billion USD in the last two quarters,representing a year-on-year increase of 16 percent, according to the VietnamCommercial Affairs Office in Brazil.
The Latin American country’s export to Vietnam was estimated at 665 million USD,down 13 percent against the same period last year.
Meanwhile, Vietnam shipped goodsworth 1.065 billion USD toBrazil, an increase of 46 percent.
The export of Vietnam’s staples to Brazil in the first five months of this yearincreased strongly again, especially synthetic fabric (over 300 percent),rubber and products from rubber (73 percent), telephones and electronicequipment (over 57 percent) and aquatic products (43 percent).
The Vietnam Commercial Affairs Office suggested Vietnamese exporters coordinateclosely with Brazilian importers in handling complaints of relevant trade associationsin Brazil, aiming to avoid lawsuits related to trade protection.
Experts said Brazil is one of the most important markets of Vietnam in LatinAmerica. However, trade between thetwo nations declined in recent time due to the ongoing unstable politics in theLatin American nation.-VNA
Deputy Prime Minister and Foreign Minister Pham Binh Minh expressed Vietnam’s wish to continue strengthening its comprehensive cooperation with Brazil during talks with Brazilian Minister of External Relations Mauro Luiz Vieira in Hanoi on July 27.
Vietnam continually values Brazil’s increasing role in the Asia-Pacific and globally and looks to develop its bilateral cooperation in agro-industry, science and technology, biotechnology, aviation and education.
A seminar themed “Vietnam-Brazil relationship: potential and opportunities” was held in Hanoi on November 30 to provide a platform for discussions on ways to promote bilateral trade and investment.
Brazil and Vietnam need to continue efforts to effectively implement agreements signed by the two countries while negotiating new ones, contributing to further developing bilateral relationship, said Brazilian President Michel Temer said.
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On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
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A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Illustrative image (Source:Forbes) 
