Brazil and Vietnam to boost rubber tyre exports

Local rubber tyre producer, Da Nang Rubber Joint Stock Co and Oceanside One Trading company from Brazil have inked an agreement on rubber tyre distribution in the South American and the United States market, promising an increase in export turnover from US$70mil to US$150mil per year.

The contract, which was signed in the central city on April 28 on the occasion of the 35th anniversary of Vietnam-Brazil diplomatic ties, and the on-going Brazil-Vietnam Football Festival, marked as a significant promotion of the trading partnership between Vietnam and Brazil and Da Nang-Brazil co-operation.

Brazil is seen as one of the key markets of the Da Nang-based tyre manufacturer over the past 15 years with an export turn-over of US$70mil per year.

General director of Da Nang Rubber Company, Le Hoang Khanh Nhut, said the Brazilian partner – Oceanside One Trading company – has aided in the penetration of the local key product into the South America and US markets over the past 15 years.

“The company was founded 50 years ago, but Brazil has been considered a major destination of the made-in Da Nang rubber tyre exports.

“We plan to double the export turn-over in the coming years on the basis of traditional trading partnership and key export market of the local product,” Nhut said at the signing ceremony.

“The company plans to double the export turnover in the coming years. This growth will be achieved by leveraging the traditional trading partnership and capitalising on the key export market for local products.”

“It’s a great honour for us when the signing contract was witnessed by Brazilian ex-football stars and the Brazilian ambassador to Vietnam.

“The exchange of sport and co-operation between Da Nang and Brazil would help promote investment and trade between the two sides,” he said.

Rubber tyre exports to Brazil accounted for 45% of total revenue of Da Nang Rubber Corp, Nhat said.

Brazilian Ambassador to Vietnam, Marco Farani said the contract signing would contribute to trading ties between Vietnam and Brazil.

Source: The Star

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