Viet Nam, Brazil to Further Co-operate

Viet Nam and Brazil established diplomatic relations in 1989; however, bilateral trade reached only US$113 million in 2005. The visit of NA Chairman Nguyen Van An to Brazil aims to promote the bilateral friendship and co-operation between the two countries.

NA Chairman Nguyen Van An (2nd, L) attended Viet Nam - Brazil Business Forum

Since 1989, the bilateral friendship and co-operation have developed in all fields. Brazil is a potential market for Vietnamese products.

“However, bilateral trade revenue between Viet Nam and Brazil reached only 113 million USD in 2005, failing to meet business expectations of the two countries,” the NA Chairman stressed.

Viet Nam has a population of 80 million people, and Brazil 180 million people, which constitute a huge market potential for business from the two countries. That would be greatly beneficial for our closer political, economic and social relations, he added.

Chairman Nguyen Van An also gave a brief presentation on the economic achievement of the Reform period (Doi Moi) in Viet Nam. He stressed that Viet Nam has initially established its legal framework and is actively improving legal document system for better regulation of the country’s socio-economic activities.

He expressed his belief that dynamic enterprises of Viet Nam and Brazil will help strengthen economic, trade and investment relations between the two countries and bring more benefits to the businesses and the consumers.

Chairman Nguyen Van An affirmed that Viet Nam will continue to create favorable conditions for businesses in trade and development.

National Assembly Chairman Nguyen Van An, who is on official visit to Brazil at the invitation of the Chairman of the Brazilian House of Representatives, also attended the Viet Nam – Brazil Business Forum, held by the Vietnam Chamber of Commerce and Industry and Sao Paulo Industry Federation, on March 7th 2006. 


VNA – Compiled by Thuy Hang

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