Deputy Prime Minister of Vietnam, Hoang Trung Hai, is in South Africa on an official visit this week and held discussions with Deputy President Cyril Ramaphosa on issues of mutual interest on Tuesday.
The Presidency said during the discussions Deputy Prime Minister Hoang and Deputy President Ramaphosa explored further opportunities for trade and investment with the objective of diversifying the current trade basket.
This was directed at ensuring a more balanced trade by reducing South Africa’s significant trade deficit with Vietnam.
Trung, who arrived in South Africa over the weekend, is also expected to pay a courtesy call on President Jacob Zuma.
According to official South African trade statistics, total trade between South Africa and Vietnam is growing year on year and amounted to R13.4 billion in 2014, from R11.2 billion in 2013, out of a total of just under R107 billion with the ten member states of the Association of South East Asian Nations (ASEAN)
Ramaphosa meets with Vietnamese counterpart to strengthen trade ties
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