While South Africa’s aviation logistics sector plays a crucial role in its economy, Vietnam still has significant potential for development, particularly in air freight.
The Vietnam – South African joint committee on trade cooperation convened its fifth meeting in Johannesburg on November 24 to seek ways to foster bilateral economic and trade partnerships.
Vietnamese businesses are increasingly interested in the South African market and want to explore investment opportunities to take advantage of the free trade agreements that South Africa has signed with major markets, including the US and Europe as well as the African market, Vietnamese Ambassador to South Africa Hoang Van Loi has said.
Leaders and the business community of South Africa’s KwaZulu-Natal province expressed their readiness to welcome Vietnamese enterprises to explore cooperation opportunities as well as strengthen relations between the countries, during a recent reception for Vietnamese Ambassador to South Africa Hoang Van Loi.
There are plenty of opportunities for Vietnamese goods to enter South Africa and the regional countries, and for the two sides to boost business in multiple areas, Pham Thanh Hai, head of the Trade Office in South Africa, told Vietnam News Agency on August 19.
Palesa Phili, Chief Executive Officer at Durban Chamber of Commerce and Industry (DCCI), has said that she is ready to act as the focal point as well as coordinate with the Vietnam Trade Office and the Vietnamese Embassy in South Africa to promote the connection between enterprises of the two countries.
South Africa remains a promising market for Vietnam’s fishery products and serves as an important gateway for them to enter the regional market, an official has said.
Vietnamese Ambassador to South Africa Hoang Van Loi has led a delegation of Vietnamese representative agencies in South Africa to attend a seminar on ASEAN investment held by the Department of International Relations and Cooperation (DIRCO) of South Africa and the Northern Cape provincial government in Kimberley city.
Minister of Industry and Trade Nguyen Hong Dien met with South African Ambassador Mpetjane Kgaogelo Lekgoro on April 2, saying that Vietnam is now in urgent need of diversifying coal supply sources as it is promoting post-pandemic economic recovery.
A working delegation of the Vietnamese Embassy in South Africa led by Ambassador Hoang Van Loi visited KwaZulu-Natal province from April 20-24 to seek measures to strengthen economic and trade partnership between the two countries.
A delegation of the Vietnamese Embassy in South Africa, led by Ambassador Hoang Van Loi, paid a working visit to Eastern Cape and Western Cape provinces from November 22-29 to seek opportunities for further strengthening investment, trade and tourism cooperation between the two countries.
Vietnam is one of the promising strategic markets for South African businesses, heard the Vietnam-South Africa business conference in Ho Chi Minh City on October 21.
The Vietnam – South African joint trade sub-committee convened the fourth session in Hanoi on October 16 to seek ways to bolster bilateral economic and trade partnerships.
South Africa’s In2Fruit company has signed a contract with Vietnam’s Fruit One counterpart to export fresh grape to Vietnam, according to South Africa’s Department of Trade and Industry.
Representatives from the Trade Promotion Agency under the Ministry of Industry and Trade of Vietnam and South Africa’s Department of Trade and Industry met on June 25 to discuss ways to boost trade cooperation between the two countries.
Trade promotion activities will create more opportunities for Vietnamese products to penetrate South Africa – its largest trade partner in Africa, an official from the Vietnamese Ministry of Industry and Trade (MoIT) has said.
The Ministry of Industry and Trade (MoIT)’s Department of Asian-African Markets will hold a trade promotion trip to South Africa to display goods at wholesale and retail supermarkets from May 8-16.
A Vietnam – South Africa business dialogue took place in Cape Town, South Africa on March 13, part of the fourth Vietnam – South Africa inter-governmental partnership forum.
South Africa retained its top position among African trade partners of Vietnam in 2018, with bilateral trade topping 1.1 billion USD, up 11.7 percent from 2017 and accounting for 16 percent of total trade between Vietnam and African countries.
South Africa is a promising market for Vietnamese rice exporters as it consumes about 850,000 tonnes of rice a year, said an official from Vietnam’s Ministry of Industry and Trade (MoIT).
Officials of the Da Nang municipal Party Committee recently had a working visit to South Africa to popularise the central city’s images and promote trade, investment and cooperation.
With a population of nearly 55 million, developed economy and infrastructure, and a favourable geographical location, South Africa is a potential market for Vietnamese enterprises and goods, stated Vietnamese Ambassador to Africa Vu Van Dung.
Vietnam has plenty of experience in developing micro, small- and medium-sized enterprise (MSMEs) which Southern African Development Community (SADC) countries could learn from, said South African Ambassador to Vietnam Phi Mpetjane Kgaogelo Lekgoro at a workshop in Hanoi on August 17.