December 05, 2018 | 20:04 (GMT+7)
Vietnam-South Africa trade to hit USD 2 billion in 2019
Trade between Vietnam and South Africa is expected to reach USD 2 billion at the end of 2019, heard a recent workshop in the central city of Hue.
The event was held by the Vietnam Chamber of Commerce and Industry’s branch in Da Nang city and the Embassy of South Africa on December 4, aiming to promote trade, investment and tourism between the two countries.
|
|
At the workshop. Source: congthuong.vn |
Statistics raised at the workshop indicated that two-way trade increased to USD 1.5 billion in 2017 from USD 700 million in 2012.
South Africa supplies wood and timber products, chemicals, plastic materials, cotton and fertilizer to Vietnam.
Meanwhile, Vietnam’s exports to South Africa include footwear, garment-textile, coffee, rice, gemstone and metals.
Source: VNA