Vietnamplus

Hanoi has carried out a range of trade promotion programmes in Africa and South Africa in particular, helping Vietnamese brands gain a firm foothold in the market, according to insiders.

Representatives from the Trade Promotion Agency under the Ministry of Industry and Trade of Vietnam and South Africa’s Department of Trade and Industry met on June 25 to discuss ways to boost trade cooperation between the two countries.

A Vietnamese trade promotion delegation that includes 22 local businesses from five localities is visiting South Africa from June 21 – 29, seeking partnerships and export opportunities.

With a population of nearly 55 million, developed economy and infrastructure, and a favourable geographical location, South Africa is a potential market for Vietnamese enterprises and goods, stated Vietnamese Ambassador to Africa Vu Van Dung.

The Governments of Vietnam and South Africa have set to double bilateral trade value through increasing the sale of staples of their strength.

The 18th South African International Trade Exhibition (SAITEX 18) took place in the Johannesburg city of South Africa from July 17-19, attracting the participation of more than 500 economic corporations and trade companies from 50 countries and territories around the world.