Latest news with #E190
Yahoo
29-03-2025
- Business
- Yahoo
Brazil's Lula touts possible deals with Vietnam as he wraps state visit
By Patricia Vilas Boas Brazil's President Luiz Inacio Lula da Silva said on Saturday that Vietnam may buy as many as 50 planes from Embraer, the Brazilian planemaker, and that another Brazilian company may invest $100 million in a meat-processing plant in the Asian country, as he prepared to conclude his state visit to Hanoi, where he met President Luong Cuong. Last week, sources told Reuters that Brazilian meatpacker JBS was considering building such a plant in Vietnam, which would be its first in Asia. The company did not immediately comment on Lula's remarks and it is unclear if the $100-million investment refers to its plans. A Brazilian official also told Reuters last week that Embraer was in talks about the possible sale of 10 E190 narrow-body jets to Vietnam Airlines. On Friday, the Brazilian president said he was aware that flagship carrier Vietnam Airlines was "positively assessing Embraer's offer" for regional jets. Embraer did not immediately comment on either of Lula's remarks. Lula also said he was willing to negotiate with U.S. President Donald Trump about the tariffs he vowed to impose on Brazil starting on Wednesday. Trump had already announced levies on Brazilian steel in early March. Lula took a softer approach than he did earlier this week in Japan, when he vowed to lodge a complaint with the World Trade Organization over the levy on Brazilian steel and said he was considering imposing higher tariffs on American products imported into Brazil. "Before engaging in a fight about reciprocity or a fight at the WTO, we want to use all the words in our dictionary to do free trade with the U.S.," he told reporters in Hanoi.
Reuters
29-03-2025
- Business
- Reuters
Brazil's Lula touts possible deals with Vietnam as he wraps state visit
March 29 - Brazil's President Luiz Inacio Lula da Silva said on Saturday that Vietnam may buy as many as 50 planes from Embraer, the Brazilian planemaker, and that another Brazilian company may invest $100 million in a meat-processing plant in the Asian country, as he prepared to conclude his state visit to Hanoi, where he met President Luong Cuong. Last week, sources told Reuters that Brazilian meatpacker JBS ( opens new tab was considering building such a plant in Vietnam, which would be its first in Asia. The company did not immediately comment on Lula's remarks and it is unclear if the $100-million investment refers to its plans. A Brazilian official also told Reuters last week that Embraer ( opens new tab was in talks about the possible sale of 10 E190 narrow-body jets to Vietnam Airlines ( opens new tab. On Friday, the Brazilian president said he was aware that flagship carrier Vietnam Airlines was "positively assessing Embraer's offer" for regional jets. Embraer did not immediately comment on either of Lula's remarks. Lula also said he was willing to negotiate with U.S. President Donald Trump about the tariffs he vowed to impose on Brazil starting on Wednesday. Trump had already announced levies on Brazilian steel in early March. Lula took a softer approach than he did earlier this week in Japan, when he vowed with the World Trade Organization over the levy on Brazilian steel and said he was considering imposing higher tariffs on American products imported into Brazil. "Before engaging in a fight about reciprocity or a fight at the WTO, we want to use all the words in our dictionary to do free trade with the U.S.," he told reporters in Hanoi.
Yahoo
20-03-2025
- Business
- Yahoo
BRICS, planes and beef in spotlight as Brazil's Lula visits Vietnam, sources say
By Francesco Guarascio HANOI (Reuters) - Brazil's President Luiz Inacio Lula da Silva will visit Vietnam next week, bringing with him a business delegation including executives from planemaker Embraer and food giant JBS that are both in talks for possible deals in the Southeast Asian country, sources said. Lula's second visit to Vietnam as president will take place as Vietnam, under pressure from the Trump administration to reduce its large trade surplus, is pledging to boost imports from the United States, including of farm products such as soybeans of which Brazil is a top exporter to the country. Lula will travel to Vietnam on March 27-29 after visiting Japan, according to the Brazilian government. Lula is expected to invite Vietnam to attend a BRICS summit in Brazil in July, a Brazilian official said, noting Vietnam was invited last year to become a BRICS partner but has so far not taken an official position on the matter. Vietnam's foreign ministry did not reply to a request for comment. Brazil's embassy to Vietnam declined to comment. The two countries are expected to agree on an action plan on defence, agriculture and energy, which could boost cooperation on ethanol, a fuel of which Brazil is a major global producer, the Brazilian official said. Brazil wants also to increase exports to Vietnam and is asking Hanoi to authorise imports of its beef, the official said confirming earlier reports on Vietnamese state media. BUSINESS TALKS The opening of the Vietnamese market for Brazilian beef is a precondition for an investment that Brazil's food giant JBS is considering in Vietnam, three people briefed about the talks, including the Brazilian official, told Reuters. The company is studying building a meat-processing hub in northern Vietnam, its first plant in Asia, with a possible investment of tens of millions of dollars, the three people said, declining to be named because the information was not public. JBS declined to comment. Separately, Embraer is also in talks for the possible sale of ten E190 narrow-body jets to flag carrier Vietnam Airlines, the Brazilian official said. It is also trying to sell C-390 military transport planes, with a possible showcase flight in Vietnam in May, the official and an industry source said. Embraer declined to comment. Vietnam Airlines did not reply to a request for comment. Hanoi is in talks with the U.S. to buy C-130 military transport planes produced by Lockheed Martin. Vietnam is one of the world's fastest-growing aviation markets and local carriers have long been seeking to expand their fleets. In recent days senior executives from aviation giants Airbus and Boeing met top Vietnamese officials, according to state media and an internal agenda seen by Reuters. Vietnam is also working on the approval of China's COMAC jets.
Reuters
20-03-2025
- Business
- Reuters
BRICS, planes and beef in spotlight as Brazil's Lula visits Vietnam, sources say
HANOI, March 20 (Reuters) - Brazil's President Luiz Inacio Lula da Silva will visit Vietnam next week, bringing with him a business delegation including executives from planemaker Embraer and food giant JBS that are both in talks for possible deals in the Southeast Asian country, sources said. Lula's second visit to Vietnam as president will take place as Vietnam, under pressure from the Trump administration to reduce its large trade surplus, is pledging to boost imports from the United States, including of farm products such as soybeans of which Brazil is a top exporter to the country. Lula will travel to Vietnam on March 27-29 after visiting Japan, according to the Brazilian government. Lula is expected to invite Vietnam to attend a BRICS summit in Brazil in July, a Brazilian official said, noting Vietnam was invited last year to become a BRICS partner but has so far not taken an official position on the matter. Vietnam's foreign ministry did not reply to a request for comment. Brazil's embassy to Vietnam declined to comment. The two countries are expected to agree on an action plan on defence, agriculture and energy, which could boost cooperation on ethanol, a fuel of which Brazil is a major global producer, the Brazilian official said. Brazil wants also to increase exports to Vietnam and is asking Hanoi to authorise imports of its beef, the official said confirming earlier reports on Vietnamese state media. BUSINESS TALKS The opening of the Vietnamese market for Brazilian beef is a precondition for an investment that Brazil's food giant JBS ( opens new tab is considering in Vietnam, three people briefed about the talks, including the Brazilian official, told Reuters. The company is studying building a meat-processing hub in northern Vietnam, its first plant in Asia, with a possible investment of tens of millions of dollars, the three people said, declining to be named because the information was not public. JBS declined to comment. Separately, Embraer ( opens new tab is also in talks for the possible sale of ten E190 narrow-body jets to flag carrier Vietnam Airlines, the Brazilian official said. It is also trying to sell C-390 military transport planes, with a possible showcase flight in Vietnam in May, the official and an industry source said. Embraer declined to comment. Vietnam Airlines did not reply to a request for comment. Hanoi is in talks with the U.S. to buy C-130 military transport planes produced by Lockheed Martin (LMT.N), opens new tab. Vietnam is one of the world's fastest-growing aviation markets and local carriers have long been seeking to expand their fleets. In recent days senior executives from aviation giants Airbus ( opens new tab and Boeing (BA.N), opens new tab met top Vietnamese officials, according to state media and an internal agenda seen by Reuters. Vietnam is also working on the approval of China's COMAC jets.
