Vietnam-South Africa trade to hit 2 billion USD in 2019
Trade between Vietnam and South Africa is expected to reach 2 billion USD at the end of 2019, heard a recent workshop in the central city of Hue.
At the workshop (Source: congthuong.vn)
Hanoi (VNA) – Trade between Vietnam
and South Africa is expected to reach 2 billion USD at the end of 2019, heard a
recent workshop in the central city of Hue.
The event was held by the Vietnam Chamber of
Commerce and Industry’s branch in Da Nang city and the Embassy of South Africa
on December 4, aiming to promote trade, investment and tourism between the two
countries.
Statistics raised at the workshop indicated that
two-way trade increased to 1.5 billion USD in 2017 from 700 million USD in
2012.
South Africa supplies wood and timber products,
chemicals, plastic materials, cotton and fertiliser to Vietnam.
Meanwhile, Vietnam’s exports to South Africa include
footwear, garment-textile, coffee, rice, gemstone and metals.-VNA
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