Mr. Le Huy Hoang, Ambassador of Vietnam to South Africa, made the opening remarks

The Vietnamese Embassy in South Africa, in coordination with the authorities of  Cape Town and the Western Cape Province, organized a  seminar entitled “Vietnam – South Africa Trade, Investment and Tourism Promotion” at the headquarters of the Cape Chamber of Commerce and Industry, with the representatives of the Delegation from Hanoi Association of Small and Medium Enterprises (HASMEA) on June 26, 2015.

This bilateral event benefited from the presence of Mr. Alderman Ian Neilson, Deputy Mayor of Cape Town city; leaders of WESGRO ;leaders of Western Cape Province and the Cape Chamber of Commerce; and the representatives of over 80 private companies serving throughout the locality.

During the meeting, Mr. Alderman Ian Neilson, Deputy Mayor of Cape Town, took into consideration the highly impressive performance that Vietnam, and the city of Hanoi in particular, has obtained in recent times. In particular, Cape Town desires to cooperate with the Vietnamese capital in various areas such as the management of urbanization, economic development, expansion of consumer markets and the promotion of tourism. He added that the turnover between the two countries reached nearly $ 700 million during the first six months of 2015. In addition, the South African leader has committed to enter into a memorandum of Cooperation between Cape Town and Hanoi.

Mr. Le Huy Hoang, Vietnamese Ambassador to South Africa, and the Delegation of HASMEA presented potential savings and investment in Vietnam in general, and Hanoi in particular. The guests of the seminar also expressed their appreciation with respect to the policies proposed by the Vietnamese government to encourage foreign investors; and new opportunities for collaboration in tourism in Vietnam.

Regarding the development strategy of the Western Cape province, Julius Okiror, representative of the Chamber for the promotion of trade and tourism, praised the investment activities of Vietnamese enterprises in the African country in many sectors, such as infrastructure development, civil engineering, renewable energy, computer technology, agricultural processing and finance the services and banks.

The Western Cape Province and Cape Town play a significant role in the socio-economic development of South Africa. With a population of over 7 million people, representing a proportion of 10% of the national population, and provided three international seaports and airports, these two places are considered as essential hubs of Africa.