Vietnam-South Africa trade turnover reaches highest level so far

Vietnam’s exports to South Africa will gain many favourable conditions in 2011 if the country’s economy maintains the predicted growth rate of 3.5-4 percent, according to the Ministry of Industry and Trade (MoIT)’s Africa, West Asia and South Asia Markets Departments.

South Africa’s Government is increasing public investment to create jobs, and reduce the unemployment rate, therefore, the demand for imports is being maintained. Meanwhile, Vietnamese goods are gradually winning confidence in this market. The MoIT will push projects to promote exports to the African market.