Vietnam, South Africa boost trade, tourism partnerships
A forum promoting trade and tourism cooperation between Vietnam and South Africa has taken place in the South African economic hub Johannesburg, participated by 100 local and 12 Hanoi-based businesses
Johannesburg (VNA) –ജ A forum promoting trade and tourism cooperation between Vietnam and South Africa has taken place in the South African economic hub Johannesburg, drawing the participation of 100 local and 12 Hanoi-based businesses.
In his opening speech at the June 22 event, Vietnamese Ambassador to South Africa Le Huy Hoang highlighted Vietnam’s commitments to assisting the bilateral partnerships, thus pushing two-way trade revenue up to 3 billion USD in the next five years from the current 1.2 billion USD.
Pat Corbin, Director of the South Africa International Chamber of Commerce, lauded reform achievements in Vietnam, adding his wish to help connect enterprises from Hanoi and Johannesburg.
Yandeya Mashau, a representative from the South Africa Trade and Industry Ministry, said the two countries’ affiliations has progressed well, with the third meeting of their joint trade committee earlier this June having submitted specific measures to stimulate import-export, mining and investment.
She said she welcomes Vietnamese investors to enter her home market.
The forum focused on policy questions and answers as well as partnership discussion.
Hanoi’s companies introduced their products, receiving significant interest and good evaluation from their South African peers.-VNA
Painter Vu Kim Thu from Hanoi introduced Vietnam’s fine arts and her own work at a kickoff event for the Vietnam culture week in Pretoria, South Africa on March 22.
Vietnam-South Afric trade has yet to meet its full potential, said Vietnamese Ambassador to South Africa Le Huy Hoang at a forum aiming to enhance ties between the two countries inmaritime transport.
A Vietnamese delegation from the Steering Committee for External Information Service paid a working visit to South Africa from April 24-29, to strengthen links in communication.
Vietnam and South Africa agreed to double efforts to lift bilateral trade revenue to 3 billion USD by 2020 at the third meeting of their joint trade committee in South Africa’s capital of Pretoria.
South Africa considers Vietnam a promising economic partner, said South African Ambassador to Vietnam Kgomotso Ruth Magau during a Vietnam-South Africa business meeting on June 23 in Ho Chi Minh City.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
The forum. (Photo: VNA)
