The Deputy Prime Minister of Vietnam, Vuong Dinh Hue, will visit Brazil on July 2-3, 2018. The Vietnamese high-ranking official will be accompanied by a delegation of an entrepreneurs and the Deputy Ministers of Planning and Investment; Foreign Affairs; Office of the Government;Transport; Industry and Trade; Agriculture and Rural Development; the Deputy Governor of the State Bank of Vietnam and the Deputy Chair of Chamber of Commerce and Industry of Vietnam.
On July 2, Deputy Prime Minister Vuong Dinh Hue will be hosted by President Michel Temer, Minister of Foreign Affairs Aloysio Nunes Ferreira, Minister of Agriculture, Livestock and Supply Blairo Maggi and Minister of Industry, Foreign Trade and Services Marcos Jorge de Lima.
The visit will offer an opportunity to further strengthen the ties between the two countries and will foster improved economic and commercial relations as well as bilateral cooperation in areas of mutual interest. A signing ceremony of documents in the fields of trade promotion, air services and agriculture followed by a press statement will take place at the Itamaraty Palace, with the presence of Minister Aloysio Nunes Ferreira.
On July 3, Deputy Vice Minister Vuong Dinh Hue will visit São Paulo, where he will take part in the Brazil-Vietnam Trade and Investment Forum, held by the Embassy of Vietnam at the headquarters of the São Paulo Trade Association (ACSP). The Deputy Vice Minister will also hold meetings with representatives of the Federation of Industries of São Paulo State (FIESP), Brazilian entrepreneurs and Brazilian private sector organizations.
Relations between Brazil and Vietnam are going through a positive moment of intensification. Minister Aloysio Nunes Ferreira visited Hanoi in September 2017 and in May 2018, when he met with Vietnamese high-ranking government officials. The dynamism of economic and commercial relations is reflected in the rise in bilateral trade indicators registered in the past 16 years, which accounted for 29 million dollars in 2001 and reached a record high of 3.9 billion dollars in 2017, a trade volume higher than that of many traditional partners of Brazil. There is a great potential for expansion and diversification of bilateral trade flow.
In 2019, the two countries will celebrate 30 years of the establishment of diplomatic relations.