Deputy PM Vuong Dinh Hue calls for Brazilian investment in VN
10:45 | 04/07/2018

VGP – As part of his ongoing official Brazil visit, Deputy PM Vuong Dinh Hue, head of the steering committee for international economic integration, paid a working trip to Sao Paulo city, the biggest financial and industrial center in Brazil and South America, on July 3.

Deputy PM Vuong Dinh Hue attends the Viet Nam-Brazil Business Forum in Sao Paulo, Brazil on July 3, 2018. Photo: VGP

Receiving the Vietnamese delegation, Ambassador Rubens Barbosa, President of the Upper Council of Foreign Trade from Federation of Industries of the State of Sao Paulo (FIESP), and Paula, a representative of the Brazilian Foreign Ministry, stated that the Brazilian Government attaches special importance to and highly appreciated the Brazil visit made by the delegation of the Vietnamese Government.

Addressing the Viet Nam-Brazil Trade & Investment Forum, Paula said that Brazil wishes to strengthen investment and trade ties, especially in agriculture, with Viet Nam, aimed at not only the Vietnamese market of 100 million people but also the ASEAN market with a 600-million population and an economic size of US$3 trillion.

Overview of the form. Photo: VGP

Viet Nam and Brazil are making preparations for the 30th anniversary of bilateral diplomatic ties in 2019. The two sides have fostered trade and investment ties in the past decade, with two-way import-export revenues reaching approximately US$4 billion, which, as stated by Deputy PM Hue, still remains modest compared to the potential of both sides.

The deputy PM voiced his belief that the bilateral trade and investment relations would further improve in the time ahead, with the implementation of specific programs and activities. 

He affirmed that Viet Nam is willing to cooperate with Brazil in the manufacturing of agricultural machinery, safe agricultural production, tourism, education and training, and pharmaceuticals.

Deputy PM Vuong Dinh Hue (R) meets with Ambassador Rubens Barbosa, President of the Upper Council of Foreign Trade from Federation of Industries of the State of Sao Paulo (FIESP). Photo: VGP

During his meeting with Ambassador Rubens Barbosa, President of the Upper Council of Foreign Trade from Federation of Industries of the State of Sao Paulo (FIESP), earlier the same day, Deputy PM Hue asked the Council to accelerate cooperation with Viet Nam’s big cities, such as Ho Chi Minh City.

With the World Economic Forum on ASEAN 2018 scheduled to take place in Ha Noi this September, the Vietnamese official expressed his wish to welcome the FIESP and its member businesses to participate and seek investment opportunities in Viet Nam as well as in ASEAN.

                                                                                                                                  By Vien Nhu

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