Vietnam - Brazil Relations
Vietnam established diplomatic relations with Brazil on May 8th, 1989. Vietnam opened its Consulate General in Sao Paolo (January, 1998) and upgraded to the level of Embassy (August, 2000). Brazil established its Embassy in Hanoi in September, 1994, being the first Latin American country to open an Embassy in Hanoi.
Vietnamese high level delegations’ visits to Brazil have conducted by President Le Duc Anh (October, 1995), President Tran Duc Luong (November, 2004), National Assembly Chairman Nguyen Van An (March, 2006), Secretary General Nong Duc Manh (May, 2007) as well as other delegations headed by Vice-Prime Ministers, Ministers and Deputy Ministers of different Ministries and agencies.
Vietnam and Brazil signed MOU on political consultation on matters of mutual interest between the Ministries of Foreign Affairs (October, 1995); Agreement on Cultural Cooperation (October, 2003), Agreement on the finalization of the bilateral negotiations of Vietnam's admission to the WTO (November, 2004) and Agreement on Health and Medical Sciences Cooperation (May 2007).
Although the bilateral trade volume has lately seen a rapid growth, it is yet commensurate with the huge potentials that lie ahead. The two way trade turnover amounted to $75 million in 2004; in 2005, it reached $ 113.8 million and $ 204 million in 2006. Vietnam 's main exports to Brazil include coal, rice, garment, footwear, tires, bicycles and motors, coconut mats, wooden products, electronics and handicrafts. Vietnam 's main imports are wheat, soybean oil, animal food, steel, paper pulp, eucalyptus and leather.
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