At a Vietnamese booth at the SAITEX 2018 (Source:VNA) Pretoria (VNA) - Vietnamese enterprises are displaying their products at the 25th South African InternationalTrade Exhibition (SAITEX), which beganin Johannesburg of South Africa on June 24.
As the largest trade fair in Africa, the event features nearly 400 enterprisesfrom 36 countries. It is expected to draw thousands of visitors.
Ngo Khai Hoan, Deputy Head ofthe Department of Africa, West Asia andSouth Asia Markets under the Ministry ofIndustry and Trade (MoIT) said Vietnam’s attendance at the event is hoped tohelp expand trade ties between Vietnam and South Africa.
South Africa is a key market and the most important trade partner of Vietnam inAfrica, he said.
Although two-way trade currently stands at only 1 billion USD, the potentialfor expanding trade between the two sides is huge, Hoan stressed.
Beside introducing Vietnam’s traditional products such as coffee, rice, textilesand construction materials, Vietnam, for the first time, has brought high-tech medicalproducts used for cardiology.
According to Dao Manh Duc, head of the Vietnamese Trade Officein South Africa, South Africa and other African countries are potentialmarkets for Vietnam’s commodities of various sectors.
Thereare more and more successful transactions between Vietnamese businesses withAfrican partners, he said, adding that the SAITEX offers a chance for Vietnamesefirms to learn about the demand of the African market, and to seek businessopportunities and set up partnerships.
Onthe occasion, the MOIT’s trade promotion delegation led by Hoan and representativesfrom the Vietnamese Embassy will have working sessions with those from theministries of mining, industry and trade, foreign affairs and health of South Africa to seek to enhance trade bondsbetween the countries.
Seminars themed “Doing Business with Vietnam 2018” will be held in Johannesburgon June 26 and Cape Town on June 27, offering chances for the two countries’enterprises to understand more about operating in the Asian country.-VNA
VNA
