Prime Minister Phạm Minh Chính called on Vietnamese businesses to invest in agricultural production such as rice and the produce that South Africa has to import to meet local demand and serve export.
Prime Minister Phạm Minh Chính on Friday visited the Johannesburg Stock Exchange, Africa’s largest bourse, seeking stronger financial-market cooperation as Việt Nam accelerates capital-market development.
With traditional markets tightening through tariffs, technical barriers, and declining demand, Africa offers a strategic avenue for Việt Nam to diversify its markets and supply chains.
South Africa’s In2Fruit company has signed a contract with Viet Nam’s Fruit One counterpart to export fresh grapes to Viet Nam, according to South Africa’s Department of Trade and Industry.
Despite the geographical distance, bilateral trade between South Africa and Viet Nam has increased from US$658 million in 2010 to more than $1 billion in 2018.
The Ministry of Industry and Trade (MoIT)’s Department of Asian-African Markets will hold a trade promotion trip to South Africa to display goods at wholesale and retail supermarkets from May 8-16
A Viet Nam – South Africa business dialogue took place in Cape Town, South Africa on Wednesday as part of the countries’ fourth inter-governmental partnership forum.
Vietnam expects South Africa to be a gateway for exported Vietnamese rice to enter other markets in Africa, said Deputy Head of the Import-Export Department Tran Quoc Toan.
HCM City wants to enhance co-operation with South Africa in trade, investment, education, science and technology, hi-tech agriculture and other spheres, according to its Department of Foreign Affairs.
Officials from Vinh Phuc Province made their case to potential investors at a conference in Johannesburg, South Africa on Friday, organised by Vinh Phuc and the Johannesburg Chamber of Commerce and Industry.