The Diplomatic Society

 
  • Increase font size
  • Default font size
  • Decrease font size

South Africa and Vietnam accelerate trade

12 September 2017

South Africa and Vietnam have agreed to fast track trade relations.

This emerged during SA Minister of International Relations and Cooperation Maite Nkoana-Mashabane’s working visit to Hanoi, Vietnam.

Minsiter Nkoana-Mashabane met the Deputy Prime Minister and Minister of Foreign Affairs, Phạm Bình Minh.

(Photo: DIRCO)

Minister Nkoana-Mashabane and Minister Pham Bình discussed various ways of strengthening bilateral relations, including through expanding trade and investment between the two countries.

“They agreed on concluding pending agreements and memoranda of understanding to expand the formal framework of cooperation,” the Department of International Relations and Cooperation (Dirco) said.

Currently, South Africa’s main exports to Vietnam include live animals, vegetables, mineral products, iron and steel products, plastics and rubber. South Africa’s top imports from Vietnam include machinery, footwear, textiles, vegetables, mineral products, toys and sports apparel.

The Ministers also noted that trade between the two countries has grown from R18,.4 billion in 2015 to R20.5 billion in 2016, making Vietnam South Africa’s second largest trading partner in the ASEAN region.

During the meeting, South Africa extended its appreciation to the role Vietnam is playing in contributing to skills development in South Africa through scholarships offered by the government of Vietnam to South African students at Maritime University in Hanoi.

The two delegations agreed to explore possibilities of sponsoring more students, not only in Maritime Studies, but also in Shipbuilding and Aquaculture, considering that Vietnam has expertise in both areas.

Minister Nkoana-Mashabane’s visit coincided with South Africa’s celebration of the centenary of OR Tambo, the most outstanding leader and diplomat who mobilised international solidarity against apartheid.

Tambo led an ANC delegation to Vietnam in 1978 to learn from the Vietnamese experience in their struggle against French colonial domination and US occupation. Due to this bond, South Africa and Vietnam share strong historical bonds, which date back from the years of the struggle against apartheid.

“It is a relationship that is based on solidarity, with solid bonds of friendship binding our two nations since the Bandung Conference in 1955,” said Minister Nkoana Mashabane.

Formal diplomatic relations between South Africa and Vietnam were established on 22 December 1993. Next year, the two countries will celebrate the 25th anniversary of the establishment of their diplomatic relations.

SAnews.gov.za

 


 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
_________________________________________________

February/March 2020

 
 
.
_________________________________________________

Translater


 

 

 

 

 


 

 

 

 

  
 
 
 
 

 
 
                                                     
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 

 
 
 
 
 
 
 
 
 
 
 
 

<|> <|> Indonesian Tourism responds to Millennials and wins Award 8 October 2019 "The challenge to the tourism world is not getting easier. It is not only the global economic slowdown, but also a change in... <|> A MEMORIAL, CORONATION, ENGAGEMENT AND A WEDDING: A ROYAL AFFAIR by Stella Sigcau 15 October 2019 September and October months were very busy in the royal calendars throughout South Africa... <|> Culture and Heritage Tourism Boost the Economy of the Mpondo Kingdom Mbotyi and Mngazi 15 October 2019 By Stella Sigcau Mpondo Kingdom is known for its cultural richness, beautiful... <|> SADC enhances cooperation with Indonesia 15 October 2019 ”Indonesia is ready to be part of the African development, especially in the southern African region” Photo: Ambassador of the Republic... <|> A rising star ready to make it internationally by Stella Sigcau 16 October 2019 Azemahle Lwanda Matebese a 13 year old, grade 8 scholar from Durban Girls High School has had a passion for dancing... <|> Korea calls for ease of doing business in SA 2 October 2019 This year marks Korea’s 4,352nd anniversary since its national foundation, and the 71st anniversary of its Armed Forces Day. In South... <|> Russia-Africa look to deepen scientific ties 14 October 2019 With a week to go until the first ever Russia-Africa Summit, Russia has emphasised the need to expand and deepen scientific ties between... <|> SA, Nigeria commit to condusive business environment 4 October 2019 The governments of South Africa and Nigeria have committed to creating a conducive business environment that will make it easier... <|>
© copyright 2011-2017| The Diplomatic Society| All Rights Reserved.