Nearly 20 businesses from South Africa are exploring cooperationopportunities in Ho Chi Minh City, Vietnam’s southern economichub.
The enterprises are active in a variety offields, ranging from footwear, garments and textiles, wood and timberproducts to computers, mobile phones and spare parts, seafood andagriculture.
Speaking at a workshop held in the cityon May 25, the Director of Investment Promotion under the South AfricanDepartment of Industry and Trade, Brian Soldaat, acknowledged Vietnamand HCM City in particular as one of attractive destinations forSouth African firms.
He said South Africaoffered a number of incentives for foreign investors, including itsinvestment refund policy, depending on the scale of investments.
The country applies preferential regulations in certain fields, suchas the manufacturing of household utensils and electronic equipment,garments and textiles, and wood and timber products. Furthermore, thecountry is applying a number of policies to boost domestic and foreigninvestment in automobile spare parts, green industry and green energy,tourism, medical equipment and pharmaceutical products.
The Deputy Director of the Vietnam Chamber of Commerce and Industry(VCCI)’s branch in HCM City, Nguyen The Hung, highlighted the signing ofa cooperation agreement between the VCCI and the Chambers of Commerceand Industry of South Africa (CHAMSA) and the establishment of theVietnam-South Africa Business Council in 2010 as a strong foundation forpromoting the two countries’ enterprises.
He notedthat bilateral trade reached over 962 million USD last year, withVietnamese exports accounting for 815 million USD.-VNA
The enterprises are active in a variety offields, ranging from footwear, garments and textiles, wood and timberproducts to computers, mobile phones and spare parts, seafood andagriculture.
Speaking at a workshop held in the cityon May 25, the Director of Investment Promotion under the South AfricanDepartment of Industry and Trade, Brian Soldaat, acknowledged Vietnamand HCM City in particular as one of attractive destinations forSouth African firms.
He said South Africaoffered a number of incentives for foreign investors, including itsinvestment refund policy, depending on the scale of investments.
The country applies preferential regulations in certain fields, suchas the manufacturing of household utensils and electronic equipment,garments and textiles, and wood and timber products. Furthermore, thecountry is applying a number of policies to boost domestic and foreigninvestment in automobile spare parts, green industry and green energy,tourism, medical equipment and pharmaceutical products.
The Deputy Director of the Vietnam Chamber of Commerce and Industry(VCCI)’s branch in HCM City, Nguyen The Hung, highlighted the signing ofa cooperation agreement between the VCCI and the Chambers of Commerceand Industry of South Africa (CHAMSA) and the establishment of theVietnam-South Africa Business Council in 2010 as a strong foundation forpromoting the two countries’ enterprises.
He notedthat bilateral trade reached over 962 million USD last year, withVietnamese exports accounting for 815 million USD.-VNA
