Hao was accompanied by executives representing several national industrial giants, such as the Vietnam National Oil and Gas Group (PetroVietnam), the Vietnam Electricity Group and the Vietnam Coal - Mineral Industries Group.
In Brazil , the delegation met with Deputy Foreign Minister Samuel Pinheiro Guimaraes Neto, who is also Chairman of the Brazilian arm of the Vietnam-Brazil Joint Committee, to consider the timing of the committee’s first meeting. Their discussions focused on projects of great mutual interest to the two nations.
A number of Vietnamese businesspeople also attended an international conference on bio-energy, and business forums in Goinas and Sao Paulo .
PetroVietnam held a working session with the Brazilian state-run oil and gas group Petrobras, during which they discussed measures to deploy a protocol on the production and use of ethanol alcohol.
In Argentina , they conducted working sessions with the Foreign Ministry, the Ministry of Economics, the ENARSA Energy Company and the Metallurgy Engineering Group IMPSA, where host and guest reached a consensus on restoring the Inter-Governmental Committee sometime in the near future.
Numerous Vietnamese businesspeople were also in attendance at a business forum in the Argentine capital of Buenos Aires .
Brazil and Argentina represent two promising South American markets for Vietnam .
Regarding its trade links with Brazil , bilateral trade reached a record high of 323.3 million USD during 2007. This record, however was immediately broken by the amount recorded during the first ten months of this year – almost 468 million USD. So far this year, Vietnam has exported more than 172 million USD of goods to Brazil , representing a year-on-year increase of 98 percent. Its imports from the largest Latin American economy reached 295.7 million USD, or 73 percent more than the corresponding period last year.
Two-way trade between Vietnam and Argentina reached an all-time high of 387.6 million USD during 2007, and have fetched 350.1 million USD during the first 10 months of this year.
So far this year, Vietnam has earned 56.8 million USD from exports to the South American market, more than double that achieved in the same period last year. Its imports from Argentina , although falling by 4.5 percent year-on-year, remain high at 293.3 million USD, almost five times more than export.
Source:VNA
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