First Africa-ASEAN Business Expo opens in South Africa
The first Africa – ASEAN Business Expo 2017 (AABE 2017) took place in Johannesburg city, South Africa from November 6-8, with hundreds of firms from Singapore, Malaysia, Indonesia, the Philippines, Myanmar, Thailand and Vietnam and African countries in attendance.
At the event, the Vietnamese embassy in South Africa opened a stall showcasing farm produce, apparel, handicrafts, food processing and household appliances.
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From 1995-2015, Vietnam’s trade value increased 30-fold, reaching US$333.06 billion last year, up 6.4% year-on-year. Exports rose 8.5% to US$167.83 billion while imports reached US$165.23 billion, up 4.3%.
Two-way trade between Vietnam and South Africa topped US$1.2 billion last year.
The second AABE is scheduled for 2018 in Singapore.