Vietnamese enterprises seek business opportunities in South Africa

The Vietnam Trade Promotion Agency under the Ministry of Industry and Trade in coordination with the Vietnam Trade Office in South Africa sent a delegation with nearly 20 enterprises from the capital city of Hanoi, Ho Chi Minh City, Ba Ria - Vung Tau, Dong Thap, Tay Ninh and so on to grasp demand, standard in South Africa as well as promote high-quality Vietnamese products in the fields of agricultural products, aquatic products, foodstuffs, consumer goods, garments, construction materials, machinery and equipment.

The visit took place from November 2 to November 10.

This was an opportunity to promote business cooperation and investment and evaluate the potential of exporting Vietnamese goods to South Africa.

At Vietnam - Durban Business Trade Forum 
The Vietnam - Durban Business Trade Forum was set to take place at the port city of Durban, KwaZulu-Natal Province, attracting over 110 South Africa businesses, large distribution channels and South African importers which is one of the key activities of the delegation. 

According to Vietnamese Ambassador to South Africa Mr. Hoang Van Loi, trade has always been evaluated as an important foundation for the bilateral relationship between Vietnam and South Africa.

The strong connection in the trade sector will promote investment flows from Vietnam to South Africa and vice versa, and create more opportunities for the economic development of the two countries.

A Vietnamese enterprise exchanges with South Africa partners
During the visit to South Africa, the delegation spent much time surveying the port city of Cape Town, Western Cape Province, where has many vibrant commercial activities. The delegation also visited wholesale markets, warehouses and Khanh Viet Company, which is a Vietnamese firm that imports and distributes Vietnamese goods in South Africa and neighboring countries such as Mozambique, Angola, Namibia and so on. 

The Vietnam Customs reported that the bilateral trade turnover between Vietnam and South Africa reached over US$1 billion in the first nine months of 2022 and it is expected to exceed US$1.3 billion in the whole year.

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