In September 2023, President Luiz Inácio Lula da Silva received the Prime Minister of Vietnam, Pham Mihn Chinh, at the Itamaraty Palace, in Brasília. During the meeting, representatives of the two governments signed four bilateral instruments. After the meeting, Lula said that he accepted an invitation to go to Hanoi, the Vietnamese capital, in 2024, to celebrate 35 years of the establishment of diplomatic relations between Brazil and Vietnam. The first document signed was an educational cooperation agreement, which, according to Lula, will enable student mobility between countries. In the area of agriculture, an action plan was signed to expand cooperation between the two countries.

A memorandum of understanding was also signed in the area of defense, which aims to pave the way for exports of products such as aircraft, and a work plan was adopted for cooperation between diplomatic academies. According to Lula, Vietnam's interest in concluding a trade agreement with Mercosur was discussed. He committed to taking the issue to South American partners, taking advantage of the Brazilian presidency of the bloc. “Vietnam is the sixth largest market for Brazilian agribusiness products. We want to expand this flow, and also diversify it, with more products with high added value”, guaranteed Lula. The Prime Minister of Vietnam, Pham Mihn Chinh will visit again Brazil to participate to the G20 meeting to be held in Rio de Janeiro between the 18th and 19th of November 2024.