Brazil is currently Việt Nam''s leading trading partner in Latin America. In recent years, two-way trade has grown rapidly to over US$7.1 billion in 2023 from $1.53 billion in 2011.
Brazil does not allow the export of frozen whole shrimp and still applies additive and phosphate standards on tra fish (pangasius) that are different from the Office International des Epizooties (OIE)’s standards, thereby causing difficulties for Vietnamese seafood exports.
The NAFIQPM has recommended that seafood processing facilities on the list of exporters to Brazil stop exporting tilapia to the Brazilian market starting from February 14.
Vietnamese Ambassador to Brazil Bùi Văn Nghị, who also covers Peru, Bolivia, Guyana, and Suriname, talks to Vi Thùy Linh about his work and efforts to promote relations between the two nations.
Brazil is Viet Nam''s largest trading partner in Latin America and one of the three largest markets of Viet Nam in the Americas market, according to the Viet Nam Trade Office in Brazil.
Vietnamese businesses need to cooperate closer with partners in order to boost exports to Brazil in the last month of 2021 as the American market’s import and export activities have recorded a stable growth.
There is great potential to expand and diversify trade between Việt Nam and Brazil, and the two governments should enable that potential to be tapped into.
Addressing a Viet Nam-Brazil trade and investment forum with the participation of representatives of about 100 enterprises from both countries, Deputy Prime Minister Vuong Dinh Hue highlighted the potential for bilateral cooperation.
The trade value between Viet Nam and Brazil in the first half of 2017 stood at US$1.73 billion, a year-on-year increase of 16 per cent after a long slump.
Viet Nam has officially halted meat imports from 21 Brazilian companies, which are being investigated for allegedly bribing state officials to facilitate the sale and export of sub-standard meat products.
Silvio Farnesi, Brazilan Ministry of Agriculture’s manager in charge of coffee, said the Government has approved import of robusta coffee for the first time in history, including from Viet Nam.
Viet Nam''s tra fish exports to China recorded strong growth in the first
five months of the year, hitting nearly US$95 million, a year-on-year
surge of nearly 73 per cent.
Bilateral trade with Brazil would possibly reach US$4 billion this year,
up nearly 20 per cent from the previous year, the Ministry of Industry
and Trade has said.