During the program of attending the G20 Summit and bilateral activities in Brazil, on the afternoon of November 17 local time, in Rio de Janeiro city, Prime Minister Pham Minh Chinh attended the Vietnam - Brazil Business Forum.
According to VNA, Prime Minister Pham Minh Chinh said that Vietnam - Brazil relationship continues to develop well with high political trust, especially during the talks between the Prime Minister and Brazilian President Luiz Inacio Lula da Silva, the two sides agreed to upgrade the Vietnam-Brazil relationship to a strategic partnership. This is a good foundation to continue promoting economic, investment, and trading cooperation activities between the business communities of the two countries.
The Prime Minister said that the conditions and space for cooperation and development of businesses of the two countries are very large, but economic cooperation is not yet commensurate with the space, conditions for cooperation, and the wishes of the two sides. He also hoped that businesses of the two countries would take advantage of opportunities and cooperate and invest more.
The Prime Minister expressed his optimism that the target of 10 billion USD in bilateral trade by 2025, set during his visit to Brazil, could be achieved. He encouraged Vietnamese businesses to invest in Brazil and Brazilian companies to increase their investments in Vietnam, fostering bilateral trade. He highlighted the importance of agricultural cooperation to ensure food security and revitalize traditional growth drivers while exploring new ones. Additionally, he invited Brazil to collaborate with Vietnam in tapping into emerging frontiers of development, including outer space, marine resources, and underground spaces.
The Prime Minister said that Vietnam aims to selectively attract investment in high-tech projects with high added value, spillover effects, and connections with domestic enterprises; prioritizing projects in the sectors and fields of science and technology, innovation, research and development, green economy, digital economy, circular economy, knowledge economy, semiconductor manufacturing, new energy (hydrogen), renewable energy, green finance, financial centers, biotechnology, healthcare, etc.
To remove bottlenecks to bring economic cooperation to the level of political and diplomatic relations and the wishes of both sides, the Prime Minister said that both sides need to promote the early launch of FTA negotiations with Mercosur, an agreement on investment promotion and protection, an agreement on visas, and Brazil should consider recognizing Vietnam's market economy status.
The Prime Minister asked businesses to support the above efforts to create an open and favorable investment environment, maximizing the unique potential, outstanding opportunities, and competitive advantages of each country.
The Prime Minister affirmed that there is hope and belief in more vibrant economic cooperation between Vietnam and Brazil, with new momentum, new vision and bringing new values, contributing to turning the aspirations of the two countries into reality, making each country increasingly rich and prosperous, the people increasingly prosperous and happy, the friendship between the two countries increasingly closely linked, effective and "forever green, forever sustainable".
