Home Economy

Nation promotes investment, trade co-operation with Brazil

Oct 6th at 12:58
06-10-2012 12:58:45+07:00

Nation promotes investment, trade co-operation with Brazil

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.

vietnamnews

MOST READ

NEWS SAME CATEGORY

Export processing zones attract investors
ECONOMY Oct 5th at 12:25

Export processing zones attract investors

More than 140 investors from 15 countries with projects worth a total of US$700 million have set up business in Linh Trung Export Processing Zone I, II, and III in...

ADB slashes VN growth forecasts
ECONOMY Oct 4th at 12:46

ADB slashes VN growth forecasts

The Asian Development Bank has lowered its forecast for Viet Nam's economic growth this year to 5.1 per cent, predicting growth of 5.7 per cent next year in the...

Vietnam has great opportunities to receive new FDI wave
ECONOMY Oct 3rd at 22:42

Vietnam has great opportunities to receive new FDI wave

The foreign direct investment (FDI) coming back to Vietnam has generate a bright part of the picture of the Vietnam’s economy. However, Vietnam would have to face...

Local firms meet Ukraine partners
ECONOMY Oct 3rd at 22:16

Local firms meet Ukraine partners

Viet Nam and Ukraine have the potential to boost trade and investment, a meeting between businesses from the two nations heard in HCM City yesterday.

Hau Giang to lure investors
ECONOMY Oct 2nd at 12:54

Hau Giang to lure investors

The Cuu Long (Mekong) Delta Province of Hau Giang plans to seek more investment from all economic sectors to meet funding needs of at least VND14-16 trillion...

US$1.3 billion invested in Hue
ECONOMY Oct 2nd at 05:41

US$1.3 billion invested in Hue

As much as US$1.3 billion has been invested in the Chan May - Lang Co economic zone in the central province of Thua Thien Hue so far this year.

GDP grows 4.73% in nine months
ECONOMY Oct 2nd at 05:40

GDP grows 4.73% in nine months

Gross domestic product (GDP) in the first nine months of the year is estimated to pick up 4.73% year-on-year, below the year-ago figure of 5.77%, making the year’s...

Economists say Vietnam’s economy still insecure, getting worse
ECONOMY Oct 1st at 13:00

Economists say Vietnam’s economy still insecure, getting worse

The risks in the banking system have been increasing, the investors’ confidence has been decreasing. These factors show that Vietnam’s economy is still in...

Economic recession produces new tycoons
ECONOMY Sep 29th at 12:20

Economic recession produces new tycoons

In the crisis, a lot of big guys have fallen down from their pinnacle of success, turning moneyless. And also in the crisis, a lot of new names have appeared...

City supermarkets say no to price increase by distributors
ECONOMY Sep 29th at 12:08

City supermarkets say no to price increase by distributors

Supermarkets in HCM City have held off pressure from distributors to hike prices.

Read More

MOST READ

Back To Top