Vietnam - A Country of Peace
22 June 2016
Following a visit by H.E. Mr. Do Thang Hai, Vietnamese Deputy Minister of Trade and Industries, to South Africa on 7 June 2016 for the 3rd Session of the South Africa – Vietnam Joint Trade Committee, greater trade, investment and tourism is expected between the two countries.
Business to business discussions held at the Vietnam Embassy explored opportunities in textiles, electronics, food and agriculture, coal and timber amongst others.
Photo: H.E Mr. Le Huy Hoang, Ambassador of Vietnam to South Africa presenting Vietnam to prospective trade, investment and tourism people.
A Vietnam-South Africa Trade, Investment and Tourism Promotion Forum was held in conjunction with the Johannesburg Chamber of Commerce and Industry and the Vietnam Embassy in South Africa shortly after Minister Do Thang Hai’s visit, indicating Vietnam’s commitment to increasing bilateral exchanges.
H.E Mr. Le Huy Hoang, Ambassador of Vietnam to South Africa explained the policy of Doi Moi, the name given to the economic reforms initiated in Vietnam in 1986 with the goal of creating a market oriented economy.
He depicted a changing Vietnam describing it as a country of peace. It has a population of 90 million, a young and talented workforce and a vast consumer market.
Vietnam has become an increasingly attractive destination for foreign investment and business. In addition, with its abundant natural beauty, its world renowned historic sites and its warm and friendly people, Vietnam has also become a sought-after tourist destination.
The signing of various trade agreements including the Trans Pacific Partnership (TPP) and its membership of ASEAN allows dynamic business platforms.
Ms. Tran Thi Phuong Lan, Deputy Director of the Ha Noi Peoples Committee, Industry and Trade welcomed business to contact her ‘One Stop Shop’ for trade and investment in the capital city Ha Noi.
The question and answer session that followed raised various concerns and challenges experienced by business.