Today: 08/12/2022 09:33:07 (GMT+7)

Vietnam looks to promote export to 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, according to the Vietnam Trade Office in Brazil.

Two-way trade between Vietnam and Brazil hit 5.74 billion USD in the last 11 months, up nearly 36.8 percent year-on-year, with Vietnam's exports to Brazil valued at 2.04 billion USD, up 24.7 percent year-on-year.

Vietnam, promote export, Brazil, Vietnamese businesses, American market, import and export activities, stable growth, Two-way trade

Producing footwear for export.

Sharp increases were seen in the shipment to Brazil of items such as iron and steel, furniture products, computers, electronic products, bamboo and rattan products, sedge carpets, vehicles and spare parts, technical fabrics, rubber, textile fibers, aquatic products, textile raw materials, footwear, rubber products, and bags.

Vu Ba Phu, director of Vietnam Trade Promotion Agency of the Ministry of Industry and Trade (MoIT), said although the Covid-19 pandemic has had a negative impact on the economy, trade between Vietnam and Brazil has grown, so businesses of the two sides still have many opportunities to improve trade turnover in the coming time.

According to deputy head of the European-American Market Department of the MoIT Vo Hong Anh, the value of exports to Brazil has been improved with an increasingly diverse range of trade commodities such as mobile phones, electronic equipment, iron and steel, footwear, chemicals, agricultural products, and processed foods, and raw materials for livestock feeds and some other production industries.

Textile-garment exports to hit 39 billion USD despite Covid-19 pandemic
Vietnam’s textile-garment export revenue is expected to reach 39 billion USD in 2021. This is equal to the planned target set out at the end of 2020 and greater than the highest growth scenario forecasted for 2021.
Strong potential to increase Vietnamese fruit and vegetable exports to US market
The growth rate for US imports of processed fruit and vegetables from Vietnam is high, showing that Vietnam's processed fruit and vegetable products are gradually meeting the requirements of US consumers.
Vietnam’s export turnover projected to hit 535 billion USD by 2030
Vietnam’s export turnover is projected to record an annual average growth of 7 percent per year, hitting 535 billion USD by 2030, according to a new research by Standard Chartered issued on November 30.
Businesses advised to avoid basic mistakes when exporting farm produce to EU
Vietnamese enterprises should avoid basic mistakes when exporting food and agricultural products to the European Union (EU), heard a consultancy session for exports to Belgium and the EU which was held by the Vietnam Trade Promotion Agency under the Ministry of Industry and Trade on November 22.
Import-export revenue forecast to hit new record in 2021: MoIT
The Ministry of Industry and Trade (MoIT) has forecast that total import-export revenue this year may reach a new record, at between 640 - 645 billion USD, with a slight trade deficit.

Source: NDO/VNA

Vietnam, promote export, Brazil, Vietnamese businesses, American market, import and export activities, stable growth, Two-way trade
New comment has just been added. Click here
Sort:NewBest News