- Vietnam seeks stronger agri-trade ties with Brazil for key imports.
- Talks emphasize collaboration in agriculture, industry, and sustainable development.
- Brazil supplies over half of Vietnam’s soybean imports, strengthening the partnership.
Vietnam exhibits a high demand for soybeans, corn, cotton, and iron ore to strengthen feed production, textiles, and metallurgy, stated Vietnamese Ambassador to Brazil Bui Van Nghi in a recent meeting with Mauricio Buffon, President of the Brazilian Association of Soybean Producers (Aprosoja), in Brasilia.
The meeting sought to enhance collaboration in agriculture, industry, and trade between the two nations. The diplomat emphasized Brazil’s importance in providing stable and strategic agricultural resources for Vietnam.
He remarked on the strong complementarity of the two economies, highlighting that Vietnam serves as a vibrant production and processing center in Asia, excelling in electronics, textiles, footwear, aquatic goods, and processed agricultural items, linking Brazil and other South American nations to the ASEAN market of around 700 million people, the Indo-Pacific area, and southern China.
Brazil, on the other hand, is a global agricultural giant, topping the exports of soybeans, corn, beef, poultry, cotton, and iron ore, providing Vietnam with chances to enhance economic, trade, and investment links with and access to MERCOSUR and various Latin American markets.
The ambassador conveyed Vietnam's intention to enhance the export of seafood, cashews, wooden products, processed agricultural goods, clothing, cell phones, computers, and electronic parts to Brazil.
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He highlighted the importance of a free trade agreement between Vietnam and MERCOSUR and encouraged Brazil, as the 2025 rotating chair, along with its industrial and agricultural sectors, to assist in establishing a comprehensive legal structure for trade, investment, and sustainable development cooperation.
Mauricio Buffon mentioned that Brazil views Vietnam as an essential partner in Southeast Asia and believes that with a strong political-diplomatic foundation and economic strength, both countries will increase cooperation in agriculture, processing, and agri-trade, promoting a practical, balanced, and sustainable Comprehensive Strategic Partnership.
He noted that Aprosoja serves as a connection between producers, exporters, and international markets, with Vietnam regarded as a significant potential ally in Asia. Currently, Brazil is the largest exporter of soybeans to Vietnam, accounting for 57.2% of total imports. In the first eight months of this year, Vietnam imported 1.81 million tonnes of soybeans, with over 57% sourced from Brazil.