Updated  
October, 06 2012 10:04:25

Nation promotes investment, trade co-operation with Brazil

HCM CITY (VNS) —The office of the Viet Nam Chamber of Commerce and Industry in HCM City (VCCI-HCM City) in conjunction with the Brazil Embassy in Viet Nam held a seminar in the city yesterday to boost the bilateral cooperation in trade and investment.

Tran Ngoc Liem, Deputy Director of the VCCI-HCM City, said that the trade relations between Viet Nam and Brazil have been unceasingly strengthened and developed over the past years. The bilateral trade turnover reached almost US$937 million in 2010 and exceeded $1 billion for the first time in 2011.

The two countries have also signed many agreements, creating legal foundation and favourable conditions for the bilateral cooperation in many fields, especially in economics, trade and investment. According to Victoria Alice Cleaver, Brazilian Ambassador to Viet Nam, the country's businesses are trying their best to seek investment opportunities in the Vietnamese market. Therefore, the two countries' investment promotion agencies should update information and incentives, as well as answering queries for businesses wishing to penetrate into the market. — VNS

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