Vietnamese Ambassador to South Africa Vu Van Dung calls on South African businesses to invest in Vietnam (Photo: VNA)
Hanoi (VNA) – A workshop was held inJohannesburg city on October 12 to promote investment between Vietnam and SouthAfrica.
Vietnamese Ambassador to South Africa Vu Van Dungsaid South Africa is one of the biggest economies in Africa while Vietnam is adynamic economy with a lot of potential.
Therefore, it is necessary to step up thebilateral cooperation in economics, trade, and investment as well as increaseinformation exchanges and connectivity among businesses, he said.
The diplomat called on enterprises from SouthAfrica and Johannesburg city in particular to boost investment in Vietnam,including the northern province of Vinh Phuc.
He cited the fact that two-way trade isestimated at over 1.2 billion USD at present. Chairman ofthe Vinh Phuc People’s Committee Nguyen Van Tri highlighted the local advantagesin geography, natural conditions and transport system along with potential todevelop industry, services, construction and infrastructure, simpleadministrative investment procedures and abundant labour resources.
As of September 2017, the province received morethan 253 foreign direct investment (FDI) projects from 16 countries andterritories with total registered capital of over 3.8 billion USD, he noted.
He welcomed investors from South Africa andJohannesburg city to invest in the local strong manufacturing fields andpledged to create the best conditions for businesses to expand investment.
President of the Johannesburg Chamber ofCommerce and Industry Herman Breedt hailed the cooperation potential betweenSouth African and Vietnamese enterprises, including those from Johannesburgcity and Vinh Phuc province.
He added that the workshop creates an opportunityfor Johannesburg firms to understand better the economy and trade situation inVietnam and Vinh Phuc province, through which seeking to boost cooperation inthe areas of their strength.-VNA
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Vietnamese Ambassador to South Africa Vu Van Dung calls on South African businesses to invest in Vietnam (Photo: VNA)
