Measures sought to fully tap Vietnam – Brazil cooperation potential

The international seminar on the Vietnam-Brazil relationship held in Hanoi on August 2. (Photo: VNA)

Brazil is currently Vietnam's largest trading partner in Latin America, with two-way trade hitting 7.11 billion USD in 2023.

The two countries share many similarities in culture, history, and development, providing a solid foundation for expanding cooperation across various fields, Tuan said, stressing the need to fully capitalise on future cooperation opportunities as the bilateral relationship has not been commensurate with the actual demand and potential of each side.

Brazilian Ambassador Marco Farani stated that Brazil always supports Vietnam in its development process, and hoped that the bilateral relations will continue to be strengthened and developed based on mutual respect and support, thus laying a foundation for deeper and more sustainable cooperation in the future.

According to Dr. Le Thi Van Nga from the VIAS, the two countries have witnessed significant progress in cooperation across various fields, from agriculture, renewable energy, technology to education, and defence.

Vietnam and Brazil are working hard to improve the effectiveness of the Joint Ministerial Committee for Agriculture and Science –Technology, and the Political Consultation between the two Ministries of Foreign Affairs. They are expanding dialogues between ministries, sectors, and businesses, and improving the legal framework to foster cooperation in trade, investment, and agriculture as well as people-to-people exchanges and cooperation between friendly organisations and localities, Nga said.

Negotiating a free trade agreement between Vietnam and the Southern Common Market (Mercosur) bloc is seen as a solution to boost economic cooperation between Vietnam and Brazil, she noted.