According to Vietnam Customs Statistics, Vietnam's import-export turnover to the South African market in 2021 will reach 1.27 billion USD, of which Vietnam's export to South Africa is 847 million USD (up 24.3 million USD) % compared to 2020) and import was 426.5 million USD (decreased by nearly 40% compared to 2020). Some Vietnamese products with high and stable export turnover to South Africa are mobile phones, shoes, computers, pepper, textiles, etc.
To support Vietnamese organizations, localities and businesses to promote trade, seek import-export and investment opportunities with the South African market, the Trade Promotion Department (Ministry of Industry and Trade) will coordinate with The Vietnam Trade Office in South Africa organized trade delegations in Johannesburg, Pretoria, Durban and Capetown (South Africa). Businesses of all categories can participate, prioritizing agricultural products, food, consumer... According to the Trade Promotion Agency, the criteria for selecting participating enterprises are their production and business capacity; international trade transaction capacity of personnel participating in the delegation; the product line in line with the objectives of the Union Program; participation goals of agencies, organizations and enterprises; Registration documents must be submitted on time.
It is expected that the Delegation will work with the Embassy and Trade Office of Vietnam in South Africa and organize a seminar on business opportunities with the South African market, a seminar on trade promotion and business cooperation between Vietnam and Durban. (South Africa), Vietnam - Cape Town Trade Promotion and Business Cooperation Seminar (South Africa); contacts and transactions between Vietnamese and South African businesses; Surveying warehouses and working with key importers of South Africa. Each enterprise is selected to join the Delegation (has the capacity to produce and trade for export, has the goal of promoting the export of goods from Vietnam to the South African market, the personnel participating in the delegation have the ability to conduct commercial transactions). international trade and submit a complete and timely registration dossier to attend) will be supported by the State with 01 air ticket for the route Hanoi/Ho Chi Minh City - South Africa - Hanoi/Ho Chi Minh City. Ho Chi Minh City for 01 representative of the business and some expenses for organizing trade programs as prescribed in the Circular No. 11/2019/TT-BCT dated July 30, 2019 of the Ministry of Finance guiding the implementation of business activities. Trade promotion activities develop foreign trade under the National Program on Trade Promotion. Other expenses shall be borne by the enterprise itself.
In addition, businesses selected to join the delegation, after the program ends, the delegation will continue to be supported by the Trade Promotion Department to connect with potential South African partners (if any), provide services partner appraisal, consultation on foreign trade contracts... according to demand. For other cases (not the enterprises in the supported group), the participating units bear the entire cost of joining the Union. Enterprises register by the end of July 22, 2022. Interested businesses should register to join the delegation, please send your documents to: Trade Promotion Department Address: 7th Floor, 20 Ly Thuong Kiet Street, Hoan Kiem District, Hanoi; Phone: 024. 39364792 (ext. 105); Fax: 024. 39369493; Email: ketnoiGiathuong@gmail.com or quannm.vietrade@gmail.com; Contact: Mr. Nguyen Manh Quan (tel: 0946138668).
Author: Tue Minh
