Loi made the suggestion during his working session with CEO of the chamber John Lawson as part of the diplomat’s working trip to Cape Town from February 8-14.

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Vietnamese Ambassador to South Africa Hoang Van Loi (left) presents a souvenir to John Lawson, CEO of Cape Chamber of Commerce.

For his part, Lawson said Cape Chamber stands ready to coordinate with the Vietnamese Embassy and Commercial Affairs Office to boost trade and investment ties between the two countries.

The two sides discussed the organization of a business-to-business (B2B) event for Vietnamese and South African firms operating in such sectors as furniture, agricultural processing and pottery in May.

Statistics from the Vietnamese side show that the bilateral trade reached 1.27 billion USD last year, of which Vietnam’s export revenue to South Africa was 847 million USD, up 24.3 percent year-on-year.

Among items shipped to South Africa, Vietnamese mobile phones, footwear, laptops, pepper and textiles-garments have posted high export values.

Source: VNA