Economic relations between Vietnam and Brazil grow

The two-way trade turnover between Vietnam and Brazil reached US$749.2 million in the first quarter this year, an increase of 77.7 percent over the same period last year.

Vietnam’s export turnover to Brazil reached US$328.5 million, an increase of 58.6 percent. Import turnover hit US$420.5 million, an increase of 96.2 percent over the same period last year.

Corn imports from Brazil doubled reaching US$265 million.

The two-way trade turnover goal for 2014 is US $3 billion. The goal is to have US $12 billion by 2020.

By Lac Phong – Translated by Hai Mien

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