PM wants Brazil to invest more in VN

Prime Minister Nguyễn Xuân Phúc and Brazilian Foreign Minister Aloysio Nunes Ferreira both expressed their hope that more Vietnamese and Brazilian firms would invest in each other’s countries.

Prime Minister Nguyễn Xuân Phúc (R) receives Brazilian Foreign Minister Aloysio Nunes Ferreira in Hà Nội yesterday. — VNA/VNS Photo Thống Nhất

HÀ NỘI – Prime Minister Nguyễn Xuân Phúc and Brazilian Foreign Minister Aloysio Nunes Ferreira both expressed their hope that more Vietnamese and Brazilian firms would invest in each other’s countries.

During a reception for Ferreira in Hà Nội yesterday, PM Phúc described the Brazilian minister’s official visit to Việt Nam as an important event to promote co-operation between the two countries, noting that despite geographical distance, they have a traditional friendship.

Ferreira said he was impressed with the growth of bilateral trade, reaching US$3 billion in 2016, adding that the two countries should enhance ties in science-technology, security-defence, education-training and agriculture.

Brazil wants to export a number of products to Việt Nam, including beef, and the country is also pushing forwards with reforms and hopes to attract more Vietnamese investment, he noted.

At the meeting, Ferreira also handed over the Brazilian President’s letter of invitation to PM Phúc to visit Brazil.

Expressing his thanks to the Brazilian President for the invitation, the Government leader suggested the sides increase the exchange of high-ranking delegations to serve as a foundation for stronger co-operation.

Echoing his guest’s view on the impressive trade growth, PM Phúc said the two countries need to foster partnership to increase trade revenue.

He emphasised the inter-governmental committees’ role in mulling over co-operation plans, especially in trade, investment, culture and other spheres.

Brazil is a large market with a population of 200 million while Việt Nam has almost 100 million people, representing an opportunity for their enterprises to co-operate in investment and business activities, he stressed.

Việt Nam wants Brazilian firms to invest in the country, PM Phúc said, asking the two sides to remove obstacles and create the best possible conditions for their businesses. — VNS

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