Information on trade and tourism cooperation between Vietnam and South Africa was highlighted at a conference held in Thu Dau Mot city, the southern province of Binh Duong on February 23.
Binh Duong (VNA) – Information on trade and tourism cooperationbetween Vietnam and South Africa was highlighted at a conference held in ThuDau Mot city, the southern province of Binh Duong on February 23.
The event, held by the Vietnam Chamber of Commerce and Industry, the provincialPeople’s Committee and South African Embassy in Vietnam, also detailed businessopportunities in Africa.
To elevate cooperation between two countries, managers, experts and enterprisesdiscussed measures to enhance international relations, trade and investment andintroduced potential projects and favourable policies to attract investment.
Vice Chairman of the provincial People’s Committee Tran Thanh Liem said thatthe two sides should promote the trading of wood, garments, leather shoes andhandicraft products while exploiting South Africa’s potential in woodmaterials, cotton fibre and steel.
Vietnamis currently a leading strategic partner of South Africa in Southeast Asia. Inthe past decade, bilateral trade rose from 192 million USD in 2007 to 920million USD in 2013.
Last year, two-way trade stood at 1.1 billion USD, with Vietnam’s exportsaccounting for 1 billion USD.-VNA
A Vietnamese delegation from the Steering Committee for External Information Service paid a working visit to South Africa from April 24-29, to strengthen links in communication.
Vietnam and South Africa agreed to double efforts to lift bilateral trade revenue to 3 billion USD by 2020 at the third meeting of their joint trade committee in South Africa’s capital of Pretoria.
South Africa considers Vietnam a promising economic partner, said South African Ambassador to Vietnam Kgomotso Ruth Magau during a Vietnam-South Africa business meeting on June 23 in Ho Chi Minh City.
Vietnam and South Africa agreed to enhance traditional friendship and multi-faceted cooperation in the future, particularly in politics, trade, justice, science-technology, and defense security.
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At the conference (Photo: baobinhduong.vn) 
