Vietnam-South Africa trade to hit 2 billion USD in 2019

Update: 15:13 | 05/12/2018

Trade between Vietnam and South Africa is expected to reach 2 billion USD at the end of 2019, heard a recent workshop in the central city of Hue.

Related newsVietnam-South Africa, trade value, Vietnam Chamber of Commerce and Industry, two-way trade, wood and timber products, Vietnam’s exports

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.

Vietnam-South Africa, trade value, Vietnam Chamber of Commerce and Industry, two-way trade, wood and timber products, Vietnam’s exports

Illustrative image.

Statistics raised at the workshop indicated that two-way trade increased to 1.5 billion USD in 2017 from 700 million USD 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.

 

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Source: VNA

 
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