Representatives of Vietnamese and South African authorities andbusinesses came together in Cape Town, South Africa, to explore thepotential for investment and tourism in the two countries.
The event was jointly organised by local authorities, the Embassy ofVietnam in South Africa, and the Hanoi Small- and Medium-sizedEnterprises Association (HASMEA) on June 26.
Addressing the opening ceremony, Vietnamese Ambassador to South AfricaLe Huy Hoang hailed the event’s contribution to the promotion ofinvestment and tourism cooperation between Western Cape Province andCape Town in South Africa and Vietnamese localities, including Hanoi.
The Vietnamese Ambassador introduced a number ofincentives provided by Vietnam and Hanoi to attract foreign investment,as well as other favourable conditions, including infrastructure and askilled labour force.
He also highlighted Vietnam’spotential in terms of tourism, agricultural and seafood products,handicraft products, garments and textiles, and construction material.
For his part, Executive Deputy Mayor of Cape Town IanNeilson praised the achievements made by Vietnam and Hanoi, andaffirmed that Cape Town is keen to cooperate with Hanoi on urbanmanagement, economic development, market expansion and tourism.
Julius Okiror, representative of the Western Cape Agency of Trade andTourism Promotion, gave an overview of the province’s key exportproducts, including petroleum, wine and fruit.
Heinvited Vietnamese businesses to invest in construction, renewableenergy, information and communication technology, agricultural productprocessing and financial services.
Businesses from the two countries introduced their products, potentials and needs during the event.
The Western Cape province, with a population of more than 7 millionpeople or more than 10 percent of South Africa’s population, isconsidered a gateway to Africa.
During the firstsix months of this year, bilateral trade between Vietnam and SouthAfrica reached nearly 700 million USD. It is expected to exceed 1.2billion USD by the end of 2015.-VNA
The event was jointly organised by local authorities, the Embassy ofVietnam in South Africa, and the Hanoi Small- and Medium-sizedEnterprises Association (HASMEA) on June 26.
Addressing the opening ceremony, Vietnamese Ambassador to South AfricaLe Huy Hoang hailed the event’s contribution to the promotion ofinvestment and tourism cooperation between Western Cape Province andCape Town in South Africa and Vietnamese localities, including Hanoi.
The Vietnamese Ambassador introduced a number ofincentives provided by Vietnam and Hanoi to attract foreign investment,as well as other favourable conditions, including infrastructure and askilled labour force.
He also highlighted Vietnam’spotential in terms of tourism, agricultural and seafood products,handicraft products, garments and textiles, and construction material.
For his part, Executive Deputy Mayor of Cape Town IanNeilson praised the achievements made by Vietnam and Hanoi, andaffirmed that Cape Town is keen to cooperate with Hanoi on urbanmanagement, economic development, market expansion and tourism.
Julius Okiror, representative of the Western Cape Agency of Trade andTourism Promotion, gave an overview of the province’s key exportproducts, including petroleum, wine and fruit.
Heinvited Vietnamese businesses to invest in construction, renewableenergy, information and communication technology, agricultural productprocessing and financial services.
Businesses from the two countries introduced their products, potentials and needs during the event.
The Western Cape province, with a population of more than 7 millionpeople or more than 10 percent of South Africa’s population, isconsidered a gateway to Africa.
During the firstsix months of this year, bilateral trade between Vietnam and SouthAfrica reached nearly 700 million USD. It is expected to exceed 1.2billion USD by the end of 2015.-VNA
