A Vietnamese stall at the event (Source: VNA) Johannesburg (VNA) – The first Africa– ASEAN Business Expo 2017 (AABE 2017) took place in Johannesburg city, SouthAfrica from November 6-8, with hundreds of firms from Singapore, Malaysia,Indonesia, the Philippines, Myanmar, Thailand and Vietnam and African countriesin attendance.
Speaking at the opening ceremony, SouthAfrican Minister of Small Business Development Lindiwe Zulu said the event,initiated by the African Union and the ASEAN, is a step forward in promotingeconomic and trade integration between Africa and ASEAN.
At the event, the Vietnamese embassy inSouth Africa opened a stall showcasing farm produce, apparel, handicrafts, foodprocessing and household appliances.
Also on the occasion, the SingaporeManufacturing Federation and the Johannesburg Chamber of Commerce and Industryhosted the Africa – ASEAN Business Forum (AABF).
Speaking at the AABF, Vietnamese Ambassadorto South Africa Vu Van Dung said with average growth of more than 6.6 percentfrom 1986-2016, Vietnam is a fast-growing economy. After 24 years of reformsand integration into the global economy, Vietnam became a middle-income countryin 2016 when GDP per capita neared 2,000 USD.
From 1995-2015, Vietnam’s trade valueincreased 30-fold, reaching 333.06 billion USD last year, up 6.4 percentyear-on-year. Exports rose 8.5 percent to 167.83 billion USD while importsreached 165.23 billion USD, up 4.3 percent.
Two-way trade between Vietnam and SouthAfrica topped 1.2 billion USD last year.
The second AABE isscheduled for 2018 in Singapore.-VNA
Speaking at the opening ceremony, SouthAfrican Minister of Small Business Development Lindiwe Zulu said the event,initiated by the African Union and the ASEAN, is a step forward in promotingeconomic and trade integration between Africa and ASEAN.
At the event, the Vietnamese embassy inSouth Africa opened a stall showcasing farm produce, apparel, handicrafts, foodprocessing and household appliances.
Also on the occasion, the SingaporeManufacturing Federation and the Johannesburg Chamber of Commerce and Industryhosted the Africa – ASEAN Business Forum (AABF).
Speaking at the AABF, Vietnamese Ambassadorto South Africa Vu Van Dung said with average growth of more than 6.6 percentfrom 1986-2016, Vietnam is a fast-growing economy. After 24 years of reformsand integration into the global economy, Vietnam became a middle-income countryin 2016 when GDP per capita neared 2,000 USD.
From 1995-2015, Vietnam’s trade valueincreased 30-fold, reaching 333.06 billion USD last year, up 6.4 percentyear-on-year. Exports rose 8.5 percent to 167.83 billion USD while importsreached 165.23 billion USD, up 4.3 percent.
Two-way trade between Vietnam and SouthAfrica topped 1.2 billion USD last year.
The second AABE isscheduled for 2018 in Singapore.-VNA
