Vietnam-Brazil bilateral trade turnover reached $6.35 bn 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 bn—up by 11.9 percent year on year—of which Vietnam’s export revenue was $533.2 mn—a rise of 3.5 percent, 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.
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.
