Brazil and Vietnam to boost rubber tyre exports

General director of Đà Nẵng Rubber Corporation, Lê Hoàng Khánh Nhựt (front right) and managing director of Oceanside One, Roger Zen from Brazil ink a contract for distribution of rubber tire product from Đà Nẵng in Brazil and the US markets. VNS Photo Công Thành

DA NANG: 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.