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Vietnam sees $16 million trade surplus with Brazil
Trade revenues between Vietnam and Brazil hit US$576.6 million in the first eight months of 2010, an annual increase of 65.9 percent, according to the Vietnam Trade Bureau in Brazil.
Official statistics show that by August 2010, Vietnam had shipped US$296 worth of products to Brazil, an increase of 160 percent against the same period last year, and imported US$280.51 million from Brazil, up 18.8 percent from 2009.
Subsequently, Vietnam has a US$15.6 million trade surplus with Brazil.
Despite certain obstacles in the first half of 2010, Vietnamese businesses exported various commodities such as cement, construction steel, porcelain, and electronics.
The third quarter has already seen a surge in the volume and value of Vietnamese steel and cement products shipped to Brazil, with more than US$36 million worth of steel and US$7.115 million worth of cement exported to Brazil.
However, some Vietnamese staples like shoes and seafood are possibly facing technical barriers that Brazil uses to limit imports into the country.
vov
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