Sign up | Log in



Home  >>   Daily News  >>   Vietnam  >>Trade  >> South Africa hopes to bridge VN trade gap
NEW UPDATES Asean Affairs  27 May  2015  

South  Africa hopes to bridge VN trade gap

HCM CITY  (VNS)  — South Africa wants to expand investment and trade ties but narrow its trade deficit with Viet Nam, a visiting business delegation from that country told a meeting in HCM City the day before  yesterday.

Brian Soldaat of South Africa's Department of Trade and Industry is leading the delegation of 16 business executives to explore business opportunities and exchange information.

The purpose of the visit was to narrow the trade deficit with Viet Nam, he said.

South African firms interested in the Viet Nam market are in sectors like food, wine, fruits and vegetables, chocolate, cosmetics, geological exploration services and others, with most wanting to find agents, distributors and retailers for their products here.

Soldaat also told Vietnamese companies about opportunities in his country.

South Africa is seeking investment in sectors like agro-processing, business process, transport equipment, shipbuilding, pulp and paper, furniture, green economy industries, and automotives and components.

Its stable economic growth, abundance of natural resources and modern infrastructure plus investment incentives offered by the government meant South Africa offered good opportunities for Vietnamese investors, he said.

In addition, South Africa would be a gateway for Vietnamese products to the African continent, he said.

Nguyen The Hung, deputy director of the Viet Nam Chamber of Commerce and Industry in HCM City, said trade between Viet Nam and South Africa had increased significantly but remained far below potential.

Bilateral trade had been worth US$962 million last year, a year-on-year increase of 5 per cent, with Viet Nam's exports accounting for $815 million, Hung said.

Viet Nam's main exports to South Africa are mobile phones and accessories, footwear, garment and textile, coffee, rice, gemstones and metals, timber and timber products, computers, seafood, milk, cashew nut, and instant noodles.

It imports iron and steel, base metals, timber and timber products, chemicals, plastic materials, cotton, and fertilisers.

With such exchange activities, trade between the two countries was likely to expand greatly in the coming time, he said.

The meeting was organised by the VCCI in collaboration with South Africa's embassy in Viet Nam and its Department of Industry and Trade.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           May  27 , 2015 Subsribe Now !
•Thai business slows, auto sales continue to slump Subcribe: Asean Affairs Global Magazine
• Mandiri reaps Rp 2.6 trillion from issuance of NCDs
• Construction firm PP eyes Rp 21t power plant projects
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Trade sees $1.87b deficit in first half of May
• South Africa hopes to bridge VN trade gap
Asean Analysis                   May 15, 2015
• Asean Analysis May 15, 2015
Washington Needs a More Holistic View of Myanmar’s Elections
Advertise Your Brand

Asean Stock Watch  May 26,  2015
• Asean Stock Watch-May 26, 2015
The Biweekly Update
• The Biweekly Update May 15, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand