Brazil continues to be Vietnam's largest trading partner in Latin America, with bilateral trade reaching 7.1 billion USD in the first 11 months of the year.
Vietnam aims to increase the trade volume to 10 billion USD by 2025 and 15 billion USD by 2030. The economic cooperation between the two countries is emphasized, with discussions about initiating a free trade agreement between Vietnam and MERCOSUR, where Brazil plays a key role.
Upgrading the bilateral relationship to a strategic partnership is expected to enhance cooperation in trade, investment, defense, aviation, and other strategic areas. Representatives from various Brazilian ministries, corporations, and businesses attended a Vietnam-Brazil business meeting to explore investment and cooperation opportunities, particularly in agriculture, high technology, renewable energy, and logistics.
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