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Submitted by unname1 on Sat, 11/13/2010 - 09:19
 The Vietnam-South Africa joint business council made its debut in Ho Chi Minh City on Nov. 12
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The President of the council is Do Thi Kim Lien, who is also general director of the AAA Insurance Company and Consul of Honor of South Africa in Vietnam.

Addressing the November 12 ceremony, Lien said the council’s official operation will help make a bridge between enterprises of the two countries to closer cooperation.

The council will be an effective channel between enterprises and governmental agencies of the two countries.

Also present at the ceremony, visiting South African Deputy Minister of Water and Environmental Affairs Rejoice Mabudafhasi called on Vietnamese enterprises to visit South Africa to seek investment opportunities.

Deputy General Secretary of the Vietnam Chamber of Commerce and Industry Vo Tan Thanh said that South Africa has been a new market with great potential for Vietnamese enterprises.

The two countries’ trade turnover saw marked results in the recent years. In 2009, Vietnam earned US$218 million from exports to South Africa and paid US$78 million for imports of goods from this country.

In the first five months of this year, two-way trade hit US$241 million, including US$160 million worth of Vietnamese exports.

Vietnam exported rice, footwear, garment and textile, coffee, wooden works and fine arts and handicrafts to South Africa . Rice made up about 50-60 percent of the total export value.
VOVNews/VNA

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