Hanoi, July 4 -- Vietnam and Brazil, boasting robust friendship and cooperation for years, are now leveraging the complementary strengths of their economies to elevate the bilateral relations to a new high. As a founding member of BRICS, Brazil is Latin America's largest economy and ranked 10th globally as of 2023. The South American giant, rich in natural resources, is the world's second-largest agricultural producer, and stands as the third-largest mineral exporter worldwide. According to the Ministry of Industry and Trade, Brazil has long been Vietnam's leading trade partner in Latin America. Since the establishment of diplomatic relations in 1989, two-way trade has shown impressive growth. Last year, trade revenue soared to a record o...
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