Brazil’s President Luiz Inacio Lula da Silva mentioned on Saturday (Mar 29) that Vietnam might purchase as many as 50 planes from Embraer, the Brazilian planemaker, and that one other Brazilian firm might make investments US$100 million in a meat-processing plant within the Asian nation, as he ready to conclude his state go to to Hanoi, the place he met President Luong Cuong.
Final week, sources advised Reuters that Brazilian meatpacker JBS was contemplating constructing such a plant in Vietnam, which might be its first in Asia. The corporate didn’t instantly touch upon Lula’s remarks and it’s unclear if the US$100 million funding refers to its plans.
A Brazilian official additionally advised Reuters final week that Embraer was in talks concerning the doable sale of 10 E190 narrow-body jets to Vietnam Airways. On Friday, the Brazilian president mentioned he was conscious that flagship provider Vietnam Airways was “positively assessing Embraer’s provide” for regional jets.
Embraer didn’t instantly touch upon both of Lula’s remarks.
Lula additionally mentioned he was prepared to barter with US President Donald Trump concerning the tariffs he vowed to impose on Brazil beginning on Wednesday. Trump had already introduced levies on Brazilian metal in early March.
Lula took a softer method than he did earlier this week in Japan, when he vowed to lodge a criticism with the World Commerce Group over the levy on Brazilian metal and mentioned he was contemplating imposing increased tariffs on American merchandise imported into Brazil.
“Earlier than participating in a battle about reciprocity or a battle on the WTO, we wish to use all of the phrases in our dictionary to do free commerce with the US,” he advised reporters in Hanoi.
