Speaking at the event, Deputy Foreign Minister Nguyen Quoc Cuong said he was impressed at the number of participants at the event, amounting to nearly 100 from Vietnamese and South African firms.

Deputy Foreign Minister Nguyen Quoc Cuong speaks at the event.

He attributed Vietnam’s attractiveness to foreign investors to its political and economic stability, integration into the world economy via bilateral and multilateral trade agreements and improving quality of the workforce.

The Vietnamese government is striving to improve the business environment, cooperation and trade, he said.

According to him, two-way trade of more than 1 billion USD each year between Vietnam and South Africa remains modest compared to Vietnam’s total trade in goods and services worth 450 billion USD and South Africa’s 230 billion USD last year. Therefore, both countries should work harder to tap the potential of bilateral cooperation.

Director for South Asia, Central Asia and Southeast Asia at the South African Department of International Relations and Cooperation‘s Asia and the Middle East division Sindiswa Mququ said bilateral political ties have been growing and 25 years of diplomatic ties were marked in 2018.

As Vietnam has a trade surplus with South Africa, she called for narrowing trade balance between the two nations, adding that the Vietnamese and South African governments are willing to help businesses to boost cooperation and trade via legal frameworks and removal of barriers.

A representative from the Vietnamese Ministry of Industry and Trade briefed participants about Vietnam’s strengths and cooperation potential in agriculture, services, tourism and apparel.

Vietnamese enterprises introduced their signature products and sought partners from the host country.

Participants had a chance to enjoy Vietnamese coffee, coconut products and pepper.

Several South African firms expressed interest in Vietnamese farm produce and established contacts to boost trade.

Secretary of provincial Party Committee Bui Van Hai pays pre-Tet visits to businesses

(BGO) - On January 31, Bui Van Hai, member of the Party Central Committee, Secretary of the Party Committee and Chairman of the People's Council of Bac Giang province paid pre-Tet visits to some businesses based in the locality. He was accompanied by Duong Van Thai, Vice Chairman of the provincial People's Committee and President of the provincial Business Association, and representatives of the Department of Planning and Investment and the Office of the provincial Party Committee.

 

Over 10,000 new businesses set up in January

As many as 10,079 enterprises registered to be set up in the first month of this year with total registered capital of 151.1 trillion VND (6.5 billion USD), according to the General Statistics Office (GSO).

 

Vietnam Expo 2019 to gather businesses from 20 countries, territories

The Vietnam International Trade Fair (Vietnam Expo 2019) is to take place in Hanoi from April 10-13, drawing a large number of exhibitors from 20 countries and territories.

 

Further improving business and investment environment

(BGO) – Nguyen Van Linh,  Chairman of Bac Giang provincial People’s Committee (PPC) cum Head of the Steering Board for supporting and investing in enterprises in Bac Giang province (Steering Board) on January 15 chaired a meeting to review the status of local investment support and business development in 2018 as well as execute the tasks and solution in 2019.  

 

Prime Minister vows support to Japanese businesses

Prime Minister Nguyen Xuan Phuc has affirmed that the Vietnamese Government will continue to always create favorable conditions for foreign firms to do business in Vietnam, including those from Japan. 

 

Source: VNA