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Vietnam-Brazil trade turnover $6.35 bn in 2021, $1.7 bn in Q1 2022

10 May '22
1 min read
Pic: Shutterstock
Pic: Shutterstock

Vietnam-Brazil bilateral trade turnover reached $6.35 billion in 2021, the highest so far, according to Ngo Xuan Ty, head of the Vietnamese trade office in Brazil. In the first three months of this year, the figure stood at $1.7 billion—up by 11.9 per cent year on year—of which Vietnam’s export revenue was $533.2 million—a rise of 3.5 per cent, Ty said.

He was recently addressing a consulting session on export to Brazil held by the Vietnam Trade Promotion Agency under the ministry of industry and trade.

He urged Vietnamese businesses to increase export of garments, textiles and footwear.

To access the market, the firms should pay attention to product quality, packaging and price, while stepping up trade promotion, especially through major fairs in Brazil, he was quoted as saying by a news agency.

Pointing out the complicated tax system in Brazil, Ty asked Vietnamese enterprises to carefully study products, saying they should seek local partners or consulting firms in this regard.

Fibre2Fashion News Desk (DS)

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