A corporation with revenue of more than 8 billion USD wants to choose Vietnam as a strategic location, what does the Prime Minister suggest?
This company with over 65,000 employees is considered one of the leading corporations in Brazil.
Prime Minister receives Mr. Marcio Rodrigues, CEO of JBS. Photo: VGP
On the morning of November 17 in Rio de Janeiro, Brazil (the same evening Vietnam time), Prime Minister Pham Minh Chinh received leaders of four leading corporations in Brazil. Among them, there was the leader of the world's leading meat producer JBS.
At this meeting with the Prime Minister, Mr. Marcio Rodrigues, CEO of JBS (parent corporation of SEARA) highly appreciated the opportunity for investment and business cooperation with Vietnam, despite the geographical distance between the two countries.
Mr. Marcio Rodrigues said that JBS has cooperated and invested with many Vietnamese partners, and at the same time wishes to choose Vietnam as a strategic location to serve the Asian region , especially in the fields of livestock and poultry slaughter, food security, dairy industry, tanning, etc.
With the hope that JBS will have a deeper and wider presence in Vietnam in the coming years, the Prime Minister suggested that the group's leaders soon come to Vietnam to learn more about cooperation opportunities , strengthen cooperation to expand the supply chain, bring Vietnam's rich agricultural products to Brazil and the global market; and invest in factories in Vietnam in the fields of tanning, production, processing and export of livestock and poultry meat.
The Prime Minister suggested that leaders of JBS Group soon come to Vietnam to learn more about cooperation opportunities... Photo: VGP
At the meeting, the Prime Minister said that the Vietnam-Brazil relationship continues to develop well with high political trust, especially when the two countries are preparing to upgrade their relationship. Bilateral trade turnover will reach more than 7.1 billion USD in 2023 and 6.58 billion USD in the first 10 months of 2024.
According to the Prime Minister, Vietnam and Brazil have many things in common, including high political trust, economies and markets that complement each other, close cultures, sincere feelings, and the same aspiration for peace and national development. The two sides have great room for cooperation and development. This is a good foundation to continue promoting economic, investment and trade cooperation activities between the business communities of the two countries.
The Head of Government said that the Vietnamese Government is continuing to improve the investment and business environment, reform administrative procedures and is committed to always creating favorable conditions, in accordance with the law, for Brazilian corporations and investors to invest effectively and sustainably. This includes an appropriate visa policy.
The Prime Minister said that Vietnam has a potential consumer market with a population of more than 100 million people and a growing middle class. Vietnam has signed 17 FTAs with more than 60 leading economies in the world, and is geographically close to major markets such as China, ASEAN, Japan, and South Korea.
The Prime Minister asked JBS and Oceanside One Trading to support the promotion of negotiations on new-generation free trade agreements between Vietnam and the Southern Common Market (MERCOSUR) and Brazil, as well as investment protection agreements.
JBS Group has more than 65,000 employees worldwide.
JBS is currently the world's largest meat processing company, with more than 65,000 employees worldwide. Photo: JBS
SEARA (founded in 1956) is a leading meat producer, with the largest industrial chicken production in Brazil. SEARA merged with JBS (the world's largest producer and processor of animal meat products) since 2013. In 2023, the group's revenue reached 8.3 billion USD, with more than 65,000 employees worldwide.
JBS is currently the world's largest meat processing enterprise, with operations spread across many countries such as the US, Australia, Canada, Europe, Mexico... JBS has been recognized and certified by many organizations on issues such as quality, environment, food safety, social responsibility, customers and markets...
Brazil is currently Vietnam’s largest trading partner in Latin America and second in the Americas, after the United States. In turn, Vietnam is also Brazil’s leading partner in the Association of Southeast Asian Nations (ASEAN). Economic and trade cooperation is becoming the foundation for long-term relations between the two countries.
Vietnam and Brazil are promoting negotiations on a Free Trade Agreement (FTA) with the Southern Common Market (Mercosur - including Brazil, Argentina, Uruguay, Paraguay) to turn this FTA into a driving force to exploit the export market in the Latin American region.
Bilateral trade relations between Vietnam and Brazil have increased rapidly, from 1.53 billion USD in 2011 to 6.78 billion USD in 2022; more than 7.1 billion USD in 2023 and 10 months of 2024 reaching 6.58 billion USD. Vietnam and Brazil strive to increase bilateral turnover to 10 billion USD in 2025 and 15 billion USD in 2030.
