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.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Illustrative image (Source:Forbes) 
