Prime Minister Pham Minh Chinh received leaders of four Brazilian corporations in Rio de Janeiro on November 17 as part of his trip to Brazil for participation in the G20 Summit and bilateral activities, the Vietnam News Agency has reported.

The firms are aerospace company Embraer, meat producer JBS, Oceanside One Trading, and smart card solution supplier Alterosa.

PM Chinh proposed Brazilian firms to promote investment in Vietnam, and pledged that the Vietnamese Government will continue improving the country's business and investment environment, speeding up administrative reform and providing optimal conditions for Brazilian investors to effectively and sustainably operate in Vietnam.

Bilateral trade between Vietnam and Brazil reached over $7.1 billion in 2023 and $6.58 billion in the first 10 months of 2024, according to the PM. 

Jose Serrador, Global Vice President of Embraer, the world’s third-largest manufacturer of commercial aircraft, affirmed the company's wish to continue promoting comprehensive collaboration with Vietnam. He committed to expanding cooperation with Vietnam, particularly in exploiting routes such as Hanoi-Ho Chi Minh City and Hanoi-Con Dao, and in defence trade.

Meanwhile, Celso Nunes, Innovation Director at Alterosa, presented plans to enhance partnership with Vietnam in smart card solutions.

Marcio Rodrigues, CEO of JBS, the world’s largest meat producer, proposed making Vietnam a strategic hub for the Asian market.

PM Chinh welcomed this idea and invited JBS to expand investments in Vietnam, including facilities for livestock processing, food security, and leather production. He also encouraged the further integration of Vietnamese agricultural products into global supply chains.

At the meeting with the Vietnamese leader, Roger Zen, Chairman and CEO of Oceanside One Trading, briefed the PM on the group’s operations and touched upon opportunities to expand business and investment collaboration with Vietnam. The group has signed an export agreement for automotive tire products with a subsidiary of the Vietnam National Chemical Group (Vinachem) for the Brazilian market, valued at $120 million. 
         
Roger Zen noted the group’s desire to continue purchasing goods from Vietnam and increasing exports to the country, targeting annual trade growth of 15–20%.

Source: VnEconomy