Red carpet greets S. African businesses

Vice State President Nguyen Thi Doan assured South African investors of good conditions to gain success in Vietnam at a business forum in Johannesburg on May 3.

Doan, who is on an official visit to South Africa, told 40 businesses from Vietnam and over 100 local businesses that the Vietnamese Government always welcomes and provides the best available conditions for investors from South Africa to make profits in Vietnam.

She pointed out some major advantages such as political stability and increasingly transparent and opening investment climate, which will create fair opportunities and level playground for all foreign investors.

Doan called on the two countries’ business circles to further tap potential in trade, investment, labour, tourism, agriculture and education to match political relations.

“Businesses from the two countries should take initiative in grasping information and conducting market surveys so as to issue appropriate investment policy in the future,” said the vice president.

She added that the two Governments would take stronger measures to increase two-way trade revenues to 1 billion USD.

South Africa is Vietnam’s leading trade partner in the black continent with two way trade revenues reaching the all time high level of 640.31 million USD in 2010, representing a year on year increase of 26.7 percent,

Vietnam’s export revenues to South Africa multiplied from just 1.2 million USD in 1992 to 487.6 million USD in 2010. – Vietnamplus

Posted by VBN on May 4 2011. Filed under Int'l Cooperation, Investment. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry