South Africa considers Vietnam as a promising market for further cooperation in economics, trade and tourism.
At an investment and trade seminar in Can Tho City on October 30, Dao Anh Dung, Vice Chairman of the Municipal People’s Committee noted Vietnam-South Africa relations have developed well over the years, particularly in politics, diplomacy, economy, culture, education, and national defense.
Vietnam’s export value to South Africa hit US$630 million in 2012 while imports reached US$120 million.
Adriaan du Pisanie, the First Secretary of the South African Embassy in Vietnam, said South Africa is leading developing countries in infrastructure construction and services, particularly in road, port and ship building, banking systems, and telecommunications technology.
He added South Africa is the world’s largest producer of platinum and gold mining and has the advantage of ecological and archaeological tourism. Its spearhead economic sector includes mines and minerals.
South Africa has strong economic potential in the fields of agricultural product processing, automobile industry, pharmaceuticals, chemicals, biotechnology, metallurgy, textiles, leather shoe making, and electronic technology.
So far, the country has launched promotional programmes for foreign investors including Industrial Development Zone (IDZ), Critical Infrastructure Programme (CIP), Technology and Human Resources for Industry Programme (THRIP) and National Industrial Participation Programme (NIPP).