The working sessions were held on the afternoon of July 7 (local time) in Rio de Janeiro as part of his trip Brazil for the expanded BRICS Summit and bilateral activities.

During the meetings, the Vietnamese Government leader briefed participants on Vietnam’s current situation, major policy directions, development priorities, and favorable investment and business environment, as well as the sound friendship between Vietnam and Brazil, especially following the elevation of their ties to a Strategic Partnership in November 2024.

PM Chinh called on Brazilian businesses to help translate the strong political and diplomatic ties between the two countries into concrete economic actions through business connectivity, closer links between the two economies, and turning the friendship and sincerity between Brazil and Vietnam into practical outcomes.

Noting that Vietnam and its partners are working to accelerate negotiations on a free trade agreement between Vietnam and the Mercosur bloc, as well as between Vietnam and Brazil, and on a Vietnam–Brazil agreement on investment promotion and protection, Chinh asked Brazilian corporations, associations, and business federations to support the early signing of these agreements, thereby facilitating long-term business cooperation.

The Vietnamese cabinet leader held talks with leaders of Vale Group, a Brazilian multinational corporation operating in metals, mining, and logistics. According  Daniel Guardado, Vale’s Director of Business Development, in addition to being the world’s largest producer of iron ore and nickel, the group also produces manganese, ferroalloys, copper, bauxite, potash, kaolin, and cobalt.

Praising Vietnam’s economic development, Guardado said Vale has recently been cooperating effectively with Vietnam’s Hoa Phat Group in iron ore exports. He expressed a desire to further expand business activities with Vietnamese partners as a contribution to the growth of both economies and broader cooperation with regional partners via Vietnam.

Congratulating the group on its recent impressive performance, PM Chinh affirmed that Vietnam–Brazil relations are continuing to seen positive development. Both sides agreed to facilitate favorable and effective conditions for businesses from the two countries to invest and operate in each other’s markets.

He emphasized that Vietnam is entering a new stage of development, marked by many major projects, particularly high-speed railways and urban rail systems, leading to strong demand for iron ore. In addition, Vietnam also has growing demand for other ores such as copper to support future development.

Alongside ore supply, the PM proposed that Vale cooperate with Vietnamese economic groups in areas such as mining, metallurgy, and the development of strategic material supply chains to serve renewable energy industries and high-tech manufacturing. He also called on Vale to support and work with Vietnamese firms in building multinational corporations, while expanding its presence in Vietnam across potential fields.

At a meeting with leaders of Alterosa MK, Celso Nunes Cio, the company’s Creative Director, said Alterosa MK is a joint venture between Brazil’s Alterosa Group and Vietnam’s MK Group, operating in payment solutions, payment cards, smart cards, and fintech services. He expressed hope that the two governments would facilitate the joint ventures’ expansion of its investment activities.

Appreciating the position and role of Alterosa Group in the Brazilian market and MK Group’s efforts to expand into Latin America and globally, PM Chinh stated that in the Vietnam–Brazil Strategic Partnership, cooperation in science, technology, and innovation has been identified as one of the key pillars in the bilateral relationship going forward.

Welcoming MK Group’s pioneering role in effectively carrying out investment cooperation activities abroad in general and in Brazil in particular, the Vietnamese Government chief called on MK Group and Alterosa Group to continue paying attention to workers’ welfare and making greater contributions to community development and the overall socio-economic development of both Brazil and Vietnam as they pursue investment cooperation with Brazilian partners.

Introducing Vietnam’s national ID card, integrated with multiple functions, tools, and data, the PM expressed hope that MK and Alterosa will develop payment cards, smart cards, and fintech services for the Brazilian market. With its extensive partner network, Alterosa MK is expected to serve as a bridge for cooperation, helping deepen Vietnam–Brazil ties in high-tech sectors to meet the demands of development in the new era.

At a meeting with leaders of the Industry Federation of the State of Rio de Janeiro (FIRJAN), Luiz Césio Caetano, President of the Federation, said that as a bridge between the private sector and the government, FIRJAN backs the formulation of industrial development policies, promotes innovation, improves the business environment, and enhances competitiveness for enterprises.

FIRJAN also manages vocational training programs, economic research, sustainable development initiatives, and international cooperation, playing an important role in Brazil’s industrial growth and in strengthening ties with partner economies around the world. With a network of around 8,000 enterprises, FIRJAN hopes to act as a bridge connecting Vietnamese and Brazilian businesses, stepping up investment and business cooperation, and fostering stronger linkages between the two economies.

Applauding FIRJAN’s positive contributions to boosting business ties between the two countries, especially in industrial cooperation, technology transfer, human resource training, innovation, green industry, and sustainable development, PM Chinh noted that FIRJAN had also co-organized the Vietnam–Brazil Business Forum in November 2024. He added that as a result of FIRJAN’s ongoing efforts, several Brazilian enterprises are currently carrying out procedures to invest hundreds of millions of US dollars in Vietnam.

Providing updates on bilateral relations, particularly in the economic field, PM Chinh affirmed that the Vietnamese Government welcomes FIRJAN’s role as a bridge in encouraging the Brazilian business community, especially from Rio de Janeiro state, to explore opportunities, invest, and expand cooperation with Vietnam.

PM Chinh emphasized that Vietnam is an open economy with a stable political environment, a young population, abundant labor force, competitive costs, and an attractive destination for international investors. Vietnam is also a member of several next-generation free trade agreements, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the EU–Vietnam Free Trade Agreement (EVFTA), and the Regional Comprehensive Economic Partnership (RCEP), offering access to a vast market space.

He expressed hope that the Rio Federation of Industries will continue to play its role as a connector, introducing Brazilian industrial and technology enterprises to cooperate in areas where Vietnam has demand, such as manufacturing and processing, clean energy, supporting industries, creative industries, logistics, technical training, and digital transformation. He also called on the Federation to support Vietnamese enterprises investing and doing business in Rio as well as Brazil.

PM Chinh expressed his hope that the Rio Federation of Industries will establish a regular cooperation mechanism with Vietnamese industry associations, industrial zones, and investment promotion agencies. He affirmed that the Vietnamese Government will accompany and support the Rio Federation of Industries and the business community of Rio de Janeiro state in accessing the Vietnamese market and implementing cooperation projects in Vietnam, based on the principles of mutual benefit, transparency, and sustainable development.

This was the final activity of PM Chinh during his trip to attend the expanded BRICS Summit and conduct bilateral activities in Brazil. That evening, the PM, his spouse, delegation departed Rio de Janeiro for home, successfully concluding the working trip.

Government chief works with leading Brazilian corporations in Rio de Janeiro

VOV.VN - Prime Minister Pham Minh Chinh held a host of working sessions on the morning of July 6 (local time) in Rio de Janeiro with leaders from major Brazilian corporations, aiming to bolster cooperation in aviation, biofuels, agriculture, and food processing and distribution.

Strategic partnership with Vietnam in Brazilian media spotlight

VOV.VN - Brazil’s Novaresistencia news outlet published on July 5 an article emphasizing strategic connectivity between Vietnam and Brazil as a foundation for future global cooperation, coinciding with Prime Minister Pham Minh Chinh’s official visit to Brazil for the 2025 expanded BRICS Summit.

PM Pham Minh Chinh receives Brazilian Minister of Agriculture

Vietnamese Prime Minister Pham Minh Chinh received Brazilian Minister of Agriculture Carlos Fávaro in Rio de Janeiro on July 5 afternoon (local time), on the occasion of his trip to the South American country to attend the expanded BRICS summit and bilateral activities.