Seminar to broaden Vietnam, South Africa cooperation
(VOV) - Since the establishment of diplomatic ties in 1993, South Africa has remained a potential trade and tourism partner of Vietnam, said Truong Thi Kim Anh, Vice Director of Vietnam Chamber of Commerce and Industry (VCCI) branch in Danang.
At a Vietnam-South Africa trade and tourism promotion seminar in Hue City on November 27, Anh said Vietnam is strong at producing agricultural products, handicrafts, garment, construction materials and seafood while South Africa is a potential supplier of steel, metal, wood, and cotton.
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| Seafood - a key export item to South Africa |
However, the two-way trade turnover between the two countries hits just a bit more than US$1 million annually and does not match with the two countries’ potential.
South African Ambassador to Vietnam Kgomotso Ruth Magau said South Africa is considered a gateway for Vietnam to penetrate Africa. It emerges as an attractive investment destination with friendly environment, preferential policies and easily accessible market.
The seminar provides a good chance for businesses from both sides, especially those in Thua Thien-Hue province, to cooperate to exploit potential and strength for mutual benefit.
Dinh Khac Dinh, Vice Chairman of the Thua Thien-Hue provincial People’s Committee, said businesses and tourism associations from two countries will get update information about their land, people and potential to boost cooperation, especially in trade, tourism, education, and culture.