This plan was outlined by Daniel Guardado, Vale's director of business development, during a meeting with Prime Minister Pham Minh Chinh on 7/7 in Brazil.
Vale is a Brazilian multinational corporation operating in the metals, mining, and logistics sectors. It is the world's largest producer of iron ore and nickel. In addition, they also produce ferroalloys, copper, bauxite, potash, and kaolin.
Guardado stated that Vale has cooperated effectively with Hoa Phat Group in iron ore exports. They wish to continue expanding business with Vietnamese partners to contribute to the growth of both economies. Additionally, cooperation with Vietnam will help them expand operations and connect with other partners in the ASEAN region.
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Prime Minister Pham Minh Chinh working with Vale leaders on 7/7. Photo: VGP |
Prime Minister Pham Minh Chinh working with Vale leaders on 7/7. Photo: VGP
In response to the investor, Prime Minister Pham Minh Chinh stated that Vietnam and Brazil always create favorable conditions for businesses from both countries to invest and conduct business efficiently in each other's markets.
Vietnam is entering a new development phase with many large projects, such as the North-South high-speed railway and urban railways, resulting in a substantial demand for iron ore. In addition to supplying ore, the Prime Minister suggested Vale cooperate with Vietnamese economic groups to invest in mining and metallurgy, developing a strategic raw material supply chain for renewable energy industries and high-tech manufacturing.
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The Prime Minister receives Celso Nunes Cio, creative director of Alterosa MK. Photo: VGP |
The Prime Minister receives Celso Nunes Cio, creative director of Alterosa MK. Photo: VGP
Meeting with Celso Nunes Cio, creative director of Alterosa MK, a joint venture operating in payment solutions and smart cards, the Prime Minister said that cooperation in science, technology, and innovation is a key focus for the next phase of cooperation between the two nations.
He expressed his hope that MK Group and Alterosa will develop payment cards, smart cards, and financial technology services for the Brazilian market. With its extensive partner network, he believes Alterosa MK will serve as a bridge connecting the two countries in high-tech fields, meeting the needs of cooperative development in the new era.
Meeting with the Prime Minister on the same day, Luiz Cesio Caetano, president of the Federation of Industries of the State of Rio de Janeiro (FIRJAN), said that the organization supports the development of industrial policies, innovation, and business environment improvements, as well as enhancing the competitiveness of businesses.
"With a network of around 8,000 businesses, FIRJAN wants to connect Vietnamese and Brazilian businesses, promoting investment and trade cooperation, contributing to connecting the two economies," he said.
According to Prime Minister Pham Minh Chinh, thanks to FIRJAN's activities, several Brazilian businesses have invested hundreds of millions of USD in Vietnam. He affirmed that the government welcomes FIRJAN's bridging role in encouraging the Brazilian business community, especially from Rio de Janeiro, to explore, invest, and expand cooperation with Vietnam in sectors such as processing and manufacturing, clean energy, supporting industries, logistics, technical training, and digital transformation.
Phuong Dung
