Vietnam, South Africa have potential for multifaceted cooperation

Vietnam and South Africa hold huge potential for boosting cooperation in many fields, including bringing bilateral trade turnover to US$2 billion a year, said an official of the Vietnam Chamber of Commerce and Industry (VCCI).
vietnam, south africa have potential for multifaceted cooperation hinh 0

Speaking at a seminar promoting South Africa’s trade, investment and tourism held in HCM City on January 19, Deputy General Director of VCCI’s Ho Chi Minh City branch Nguyen The Hung said the most promising field for bilateral partnership is mining and mining technology.

He added that Vietnam also wishes to work with the African country in thermal electricity, automobile manufacturing and assembling and food processing, among others.

Currently, Vietnam’s major exports to South Africa include mobile phones and components, computers, electronic devices, footwear, rice, pepper corns, cashew nuts, coffee and wood furniture. Meanwhile, the country imports plastic, garment-textile materials and leather, chemical products, metals, iron and steel.

Trade Counsellor at the South African Embassy in Vietnam Mat Matiwane said his country has been working to create optimal conditions for businesses of the two countries to seek investment opportunities. He also voiced his hope that Vietnamese firms will enhance investment and trade activities in seafood, shipbuilding and especially tourism.

The major economic sector of South Africa is mining and exporting minerals, according to Matiwane. Besides, the country is striving to develop trade, services and information technology, which could serve as foundation for cooperation of the two countries’ enterprises.

Vietnam – South Africa trade turnover increased five times during the recent 10 years, from US$192 million in 2007 to US$1.03 billion in 2016.

VNA

Other News

SBV raises short-term capital lending cap to 40%

SBV raises short-term capital lending cap to 40%

The new circular will help credit institutions have more room to provide capital to businesses and investment projects to support high economic growth in the next few years, while increasing flexibility in the SBV’s monetary policy management.

Business confidence in Vietnam rebounds strongly: UOB

Business confidence in Vietnam rebounds strongly: UOB

The study found that 85% of Vietnamese enterprises reported positive business sentiment, a sharp increase from 48% in 2025, when business confidence was weighed down by uncertainties surrounding US tariff policies and related trade developments.

Bac Ninh seeks high-quality foreign investment for sustainable growth

Bac Ninh seeks high-quality foreign investment for sustainable growth

According to Vice Chairman of the provincial People’s Committee Pham Van Thinh, the province aims to maintain stable and sustainable growth, improve the competitiveness of both the economy and local businesses, and make better use of free trade agreements (FTAs) to expand and diversify export markets.

Green building trend flourishes in Ho Chi Minh City's real estate landscape

Green building trend flourishes in Ho Chi Minh City's real estate landscape

The International Finance Corporation (IFC) highlighted the city's dominance in green-certified building floor space in Vietnam, reflecting the rapid expansion of the green building market with 780 completed green buildings encompassing over 18.69 million sq.m by 2025, predominantly certified by EDGE and LEED.

UK supports Vietnam in wind power and green finance development

UK supports Vietnam in wind power and green finance development

The United Kingdom officially announced two new climate cooperation initiatives to support Vietnam in its energy transition and green growth journey. These programs focus on offshore wind power development and the creation of a sustainable green financial ecosystem.

Ample room remains for Vietnam–India logistics cooperation

Ample room remains for Vietnam–India logistics cooperation

The GTTCI expert noted that alongside logistics and integrated warehousing, e-commerce is expected to be a particularly high-growth sector in the coming years. He described it as a multi-billion-dollar market with significant untapped opportunities for cooperation between Vietnam and India.

Exports gain momentum from high-tech growth drivers

Exports gain momentum from high-tech growth drivers

According to the Ministry of Industry and Trade, Vietnam’s exports reached 215.66 billion USD in the first five months of 2026, up 19.5% year-on-year. Twenty-six export items generated more than 1 billion USD in revenue each, including seven with turnover exceeding 10 billion USD.

Vietnam–China crossings see spike in ASEAN fresh produce

Vietnam–China crossings see spike in ASEAN fresh produce

Since the start of the summer harvest season, China's two major border gates with Vietnam, Youyi Guan in Pingxiang and Beilun 2 Bridge in Dongxing, have entered their peak period for handling imports of fresh agricultural and seafood products from member states of the Association of Southeast Asian Nations (ASEAN).

Cargo handling operations at Berths 3 and 4 of the Hai Phong International Gateway Port. (Photo: VNA)

AI reshapes logistics, raising bar for workforce skills

According to the Vietnam Logistics Business Association (VLA), the logistics sector will require around 2.2 million workers by 2030, including 1.6 million employees for logistics service providers and nearly 600,000 personnel supporting logistics operations in manufacturing and trading enterprises.

Robust dispute resolution framework key to Vietnam's IFC ambitions

Robust dispute resolution framework key to Vietnam's IFC ambitions

The development strategy for VIFC-HCMC envisions a comprehensive financial ecosystem encompassing green finance, carbon credits, financial technology (fintech), blockchain technology, digital assets, digital banking and other innovative business models. These highly internationalised sectors involve complex cross-border transactions and sophisticated legal structures.