Doan, who is on an official visit to South Africa, told 40 businesses from Vietnam and over 100 local businesses that the Vietnamese Government always welcomes and provides the best available conditions for investors from South Africa to make profits in Vietnam.

She pointed out some major advantages such as political stability and increasingly transparent and opening investment climate, which will create fair opportunities and level playground for all foreign investors.

Doan called on the two countries’ business circles to further tap potential in trade, investment, labour, tourism, agriculture and education to match political relations.

“Businesses from the two countries should take initiative in grasping information and conducting market surveys so as to issue appropriate investment policy in the future,” said the vice president.

She added that the two Governments would take stronger measures to increase two-way trade revenues to US$1 billion.

South Africa is Vietnam’s leading trade partner in the black continent with two way trade revenues reaching the all time high level of US$640.31 million in 2010, representing a year on year increase of 26.7 percent,

Vietnam’s export revenues to South Africa multiplied from just US$1.2 million in 1992 to US$487.6 million in 2010.