Thai Binh hosts Vietnam-South Africa trade conference hinh anh 1One corner of Thai Binh province. (Source: VNA)

A Vietnam-South Africa conference on trade, investment and tourism was organised in the Red River province of Thai Binh on October 2.

At the event, representatives from South Africa’s Embassy in Vietnam and the Thai Binh province introduced their socio-economic and political situations; development potential; and policies and strategic orientations in cooperation, trade and tourism development.

Maria Van Der Westhuizen-Nel, First Secretary of the South African Embassy in Vietnam, emphasised South Africa is a leading force in driving the development of 14 countries in the South African Development Community.

South Africa is rich in natural resources and its agricultural and industrial sectors are highly developed. South Africa’s industrial production accounts for 40 percent of Africa’s total industrial output.

South Africa is also the leading country in gold, diamond, mangan and chrome mining.

Speaking at the event, Vice Chairman of the Thai Binh People’s Committee Nguyen Hoang Giang expressed his willingness to expand comprehensive cooperation with South Africa in the future.

Thai Binh will create favourable conditions for investors and businesses from South Africa to search for opportunities in investment, trade and tourism, said Giang.

Vietnam-South Africa diplomatic relations have developed considerably since they were formed in 1993 with the total trade value reaching nearly one billion USD in 2014, of which Vietnam’s exports and imports were 793 million USD and 144 million USD, respectively.

The South African delegation also visited a number of local businesses.-VNA