South Africa to Boost Investments in Vietnam: Ratubatsi Super Moloi
South African companies will raise their investments in Vietnam, Ambassador Ratubatsi Super Moloi said at a meeting in Ho Chi Minh City on April 26.
Moloi was quoted by the Lao dong newspaper as saying that a Vietnamese business delegation will arrive in South Africa to seek investment opportunities in the African country in May.
Last year, the Republic of South Africa opened its consulate office in Ho Chi Minh City, aiming to boost trade and investment activities and support its citizens living and working in the city, the ambassador added.
Trade between Vietnam and South Africa hit a record high of US$314.45 million in the first half of 2009, jumping 118.9% from a year earlier.
Vietnam targets to raise the bilateral trade with Africa to US$3 billion in 2010, including the country’s export value of US$1.8 billion. (Lao Dong April 27 p6)
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