Hanoi (VNA) – Trade between Vietnamand South Africa is expected to reach 2 billion USD at the end of 2019, heard arecent workshop in the central city of Hue.
The event was held by the Vietnam Chamber ofCommerce and Industry’s branch in Da Nang city and the Embassy of South Africaon December 4, aiming to promote trade, investment and tourism between the twocountries.
Statistics raised at the workshop indicated thattwo-way trade increased to 1.5 billion USD in 2017 from 700 million USD in2012.
South Africa supplies wood and timber products,chemicals, plastic materials, cotton and fertiliser to Vietnam.
ꦗ Meanwhile, Vietnam’s exports to South Africa includefootwear, garment-textile, coffee, rice, gemstone and metals.-VNA
Vietnam and South Africa hold huge potential for boosting cooperation in many fields, including bringing bilateral trade turnover to two billion USD a year, said an official of the VCCI.
The Vietnam-South Africa relations have grown continuously, with the regular exchange of all-level delegations, which have helped boost the bilateral ties in an intensive, practical and effective manner, Vietnamese Ambassador to South Africa Vu Van Dung has stated.
With a population of nearly 55 million, developed economy and infrastructure, and a favourable geographical location, South Africa is a potential market for Vietnamese enterprises and goods, stated Vietnamese Ambassador to Africa Vu Van Dung.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
At the workshop (Source: congthuong.vn)
