Heightened prospects for Vietnam-South Africa cooperation

(VOV) - The Vietnamese embassy in South Africa and the Chamber of Commerce and Industry Johannesburg (JCCI) co-organized a seminar on July 25 to promote trade activities in both nations.

Addressing the seminar, Ambassador Le Huy Hoang highlighted great opportunities to deepen all-around cooperation, especially in economics and trade.

Last year’s two-way trade turnover reached over US$1 billion, up 20 fold compared to 2002’s figure of US$54 million.

Ambassador Hoang expressed hope that the seminar will provide fresh impetus to promoting bilateral economics and trade cooperation.

For her part, JCCI President Fay Mukaddam expressed delight at the growing Vietnam-South Africa relationship over the years, stating that JCCI will do its utmost to boost investment and trade between the two nations.

The Ministry of Industry and Trade’s African and West and South Asian Market Department Director Tran Quang Huy said that Africa has become a great potential market for Vietnamese goods.

In the future, apart from traditional goods such as farm produce and seafood, garment and textile, footwear, Vietnam aims to boost exports of mobile phones, computers, and electronics components to the lucrative market.

Meanwhile, South Africa can provide Vietnam with minerals, wood products and cotton, Huy said.

Vietnam’s trade councilor to South Africa Nguyen Hong Tien in turn said that the seminar offered an opportunity for businesses to utilize their advantages and learn more about necessary formalities to enhance future cooperation.