HCMC – Vale, the world’s leading producer of iron ore and nickel, aims to expand its business ties with Vietnamese partners, Daniel Guardado, business development general manager at Vale, said at a meeting with Prime Minister Pham Minh Chinh on July 7 in Brazil.
Guardado noted that the Brazilian company has maintained a successful partnership with Hoa Phat Group in iron ore exports and expressed the company’s interest in deepening its business engagement with Vietnamese partners.
He added that expanding cooperation with Vietnam would also help Vale strengthen its presence in the ASEAN region and build new regional partnerships.
In response, PM Chinh affirmed that both Vietnam and Brazil are committed to creating favorable and efficient conditions for businesses from both countries to invest and operate.
Vietnam is entering a new phase of development, with major projects underway such as the North-South high-speed railway and urban rail systems, driving strong demand for iron ore.
The prime minister called on Vale to partner with Vietnamese conglomerates in mining and metallurgy, and to invest in developing strategic raw material supply chains for renewable energy and high-tech manufacturing industries.
On this occasion, PM Chinh also met with representatives of Alterosa MK, a joint venture between Brazil’s Alterosa Group and Vietnam’s MK Group, which specializes in payment solutions, smart card technology, and fintech services.
During a meeting with the Vietnamese Government leader on the same day, Luiz Césio Caetano, Industry Federation of the State of Rio de Janeiro (FIRJAN)’s President, said that with a network of around 8,000 enterprises, the federation aims to serve as a bridge linking Vietnamese and Brazilian firms, fostering investment and trade cooperation, and contributing to stronger economic ties between the two countries.
According to PM Chinh, FIRJAN’s activities have already helped facilitate several Brazilian companies investing in Vietnam.
He affirmed that Vietnam welcomes FIRJAN’s role as a bridge to help Brazilian businesses, especially from the state of Rio de Janeiro, to explore opportunities, invest, and expand cooperation with Vietnam in areas such as manufacturing and processing, clean energy, supporting industries, logistics, technical training, and digital transformation.
