Vietnam-South Africa trade to hit US$2 billion in 2019

Trade between Vietnam and South Africa is expected to reach US$2 billion at the end of 2019, heard a recent workshop in the central city of Hue.

vietnam-south africa trade to hit us$2 billion in 2019 hinh 0

The event was held by the Vietnam Chamber of Commerce and Industry’s branch in Da Nang city and the Embassy of South Africa on December 4, aiming to promote trade, investment and tourism between the two countries.

Statistics raised at the workshop indicated that two-way trade increased to US$1.5 billion in 2017 from US$700 million in 2012.

South Africa supplies wood and timber products, chemicals, plastic materials, cotton and fertiliser to Vietnam.

Meanwhile, Vietnam’s exports to South Africa include footwear, garment-textile, coffee, rice, gemstone and metals.


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