Vietnam-Brazil aim for $3b trade

27-Mar-2014 Intellasia | VOV | 6:00 AM Print This Post

The two-way trade turnover between Vietnam and Brazil was estimated at $490,071 million in the first two months of this year, up 122 percent from the previous year.

Vietnam Customs reported that Vietnam earned $215,477 million from exports to Brazil, up 52.9 percent, while spending $274,594 million on Brazilian goods, demonstrating an annual increase of 244 percent.

Vietnam’s key export items included telephone and spare parts (US$65.31 million, up 594 percent), seafood (US$26.69 million, up 52 percent), computers and electronics (US$19.07 million, up 43.9 percent), and garment and textile products (US$10.5 million, up 55 percent).

Local importers purchased various Brazilian products such as maize (US$202 million), input materials for footwear and garment industries (US$19.14 million), and foodstuff for animals (US$5.67 million).

According to the Vietnam Office for Trade Affairs in Brazil, many Brazilian businesses are resuming their operations in the post-crisis period. Vietnamese firms are also increasing their import volume from this largest South American economy.

The Office revealed that seminars on bilateral trade ties will be held in five Brazilian localities, with a view to boosting export market expansion and realising the set target of achieving a two-way trade turnover of $3 billion in 2014. billion-trade/274651.vov


Category: Economy

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