Representatives of Vietnamese and South African authorities and businesses came together in Cape Town, South Africa, to explore the potential for investment and tourism in the two countries.
The event was jointly organised by local authorities, the Embassy of Vietnam in South Africa, and the Hanoi Small- and Medium-sized Enterprises Association (HASMEA) on June 26.
Addressing the opening ceremony, Vietnamese Ambassador to South Africa Le Huy Hoang hailed the event’s contribution to the promotion of investment and tourism cooperation between Western Cape Province and Cape Town in South Africa and Vietnamese localities, including Hanoi.
The Vietnamese Ambassador introduced a number of incentives provided by Vietnam and Hanoi to attract foreign investment, as well as other favourable conditions, including infrastructure and a skilled labour force.
He also highlighted Vietnam’s potential in terms of tourism, agricultural and seafood products, handicraft products, garments and textiles, and construction material.
For his part, Executive Deputy Mayor of Cape Town Ian Neilson praised the achievements made by Vietnam and Hanoi, and affirmed that Cape Town is keen to cooperate with Hanoi on urban management, economic development, market expansion and tourism.
Julius Okiror, representative of the Western Cape Agency of Trade and Tourism Promotion, gave an overview of the province’s key export products, including petroleum, wine and fruit.
He invited Vietnamese businesses to invest in construction, renewable energy, information and communication technology, agricultural product processing and financial services.
Businesses from the two countries introduced their products, potentials and needs during the event.
The Western Cape province, with a population of more than 7 million people or more than 10 percent of South Africa’s population, is considered a gateway to Africa.
During the first six months of this year, bilateral trade between Vietnam and South Africa reached nearly 700 million USD. It is expected to exceed 1.2 billion USD by the end of 2015.-VNA
The event was jointly organised by local authorities, the Embassy of Vietnam in South Africa, and the Hanoi Small- and Medium-sized Enterprises Association (HASMEA) on June 26.
Addressing the opening ceremony, Vietnamese Ambassador to South Africa Le Huy Hoang hailed the event’s contribution to the promotion of investment and tourism cooperation between Western Cape Province and Cape Town in South Africa and Vietnamese localities, including Hanoi.
The Vietnamese Ambassador introduced a number of incentives provided by Vietnam and Hanoi to attract foreign investment, as well as other favourable conditions, including infrastructure and a skilled labour force.
He also highlighted Vietnam’s potential in terms of tourism, agricultural and seafood products, handicraft products, garments and textiles, and construction material.
For his part, Executive Deputy Mayor of Cape Town Ian Neilson praised the achievements made by Vietnam and Hanoi, and affirmed that Cape Town is keen to cooperate with Hanoi on urban management, economic development, market expansion and tourism.
Julius Okiror, representative of the Western Cape Agency of Trade and Tourism Promotion, gave an overview of the province’s key export products, including petroleum, wine and fruit.
He invited Vietnamese businesses to invest in construction, renewable energy, information and communication technology, agricultural product processing and financial services.
Businesses from the two countries introduced their products, potentials and needs during the event.
The Western Cape province, with a population of more than 7 million people or more than 10 percent of South Africa’s population, is considered a gateway to Africa.
During the first six months of this year, bilateral trade between Vietnam and South Africa reached nearly 700 million USD. It is expected to exceed 1.2 billion USD by the end of 2015.-VNA
