Trade between Vietnam and Brazil has been surging, with two-way trade value increasing by 12.9 percent to US$118.9 million in the first quarter of the year. The figure included Vietnam’s export earnings of US$46.98 million, representing a year-on-year rise of 28.9 percent, the Brazilian Ministry of Development, Industry and Foreign Trade has said. Vietnam exported mostly footwear, fibre, bike tires, and garment bags to Brazil, renowned as the largest economy in Latin America. In the reviewed period, it imported maize, soyabean oil, frozen chicken and beef, timber, tobacco, cotton and cow skin from Brazil valued at around US$71.7 million, which showed a slight increase of 4.4 percent over the same time last year. In 2008, bilateral trade reached US$534.6 million, up 65.3 percent from 2007.
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