Hanoi (VNA) – Trade between Vietnamand South Africa is expected to reach 2 billion USD at the end of 2019, heard arecent workshop in the central city of Hue.
The event was held by the Vietnam Chamber ofCommerce and Industry’s branch in Da Nang city and the Embassy of South Africaon December 4, aiming to promote trade, investment and tourism between the twocountries.
Statistics raised at the workshop indicated thattwo-way trade increased to 1.5 billion USD in 2017 from 700 million USD in2012.
South Africa supplies wood and timber products,chemicals, plastic materials, cotton and fertiliser to Vietnam.
Meanwhile, Vietnam’s exports to South Africa iꦫncludefootwear, garment-textile, coffee, rice, gemstone ꦑand metals.-VNA
Vietnam and South Africa hold huge potential for boosting cooperation in many fields, including bringing bilateral trade turnover to two billion USD a year, said an official of the VCCI.
The Vietnam-South Africa relations have grown continuously, with the regular exchange of all-level delegations, which have helped boost the bilateral ties in an intensive, practical and effective manner, Vietnamese Ambassador to South Africa Vu Van Dung has stated.
With a population of nearly 55 million, developed economy and infrastructure, and a favourable geographical location, South Africa is a potential market for Vietnamese enterprises and goods, stated Vietnamese Ambassador to Africa Vu Van Dung.
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At the workshop (Source: congthuong.vn)
