Hanoi (VNA) – There remains room for Vietnamese exports to the African market , experts said at a virtual workshop on Vietnam-Africa trade promotion held by the Vietnam Trade Promotion Agency ( Vietrade ) on July 21.
Speaking at the event, Le Hoang Tai , deputy head of the agency, said Vietnam has established trade relations with all 54 African nations whose population amount to some 1.3 billion.
Bilateral trade between Vietnam and Africa has grown positively over the past year, hitting 6.7 billion USD in 2020, he added.
Nguyen Minh Phuong from the Ministry of Industry and Trade's Asia-Africa Market Department said Vietnam has recorded mostly trade surplus to this regional market.
She noted South Africa is Vietnam's main export market with a turnover of 681 million USD last year, followed by Egypt, Ghana, and Côte d’Ivoire.
Cao Minh Tu from the same department underscored farm produce as the top priority for the bilateral trade, with Africa importing 596.1 million USD worth of rice from Vietnam in 2020.
Freshwater fish, apparel, footwear products, medical equipment, scooters, spare parts, generators and water pumps are those that can be successfully exported to Africa, he added.
Experts at the event praised opportunities for Vietnamese firms in the market but also warned of transaction frauds./.
- Vietnam seeks to export fresh fruits, vegetables to Thailand
- Vietnamese tra fish exports to China, U.S., EU to fare well: officials
- Young Vietnamese man's game-app startup ranked in top 15 in the US
- Moody's places five Vietnamese financial institutions on review for downgrade
- Bắc Giang will boost domestic lychee consumption due to difficulties in export
- Coronavirus creeps along East Africa's trucking corridors
- Why Labels Are Looking to Africa to Find the Next Global Pop Star
- Pandemic may cause Africa’s 1st recession in 25 years — World Bank
- BUSINESS NEWS HEADLINES MAY 11
- BUSINESS NEWS HEADLINES MAY 12
- Ghana's lavish funerals can last up to seven days. Now, a centuries-old tradition has gone online
- Amid WHO warnings and with no proof, some African nations turn to herbal tonic to try to treat Covid-19
- The Latest: Hong Kong to remain closed to foreigners
- BUSINESS NEWS HEADLINES MAY 15
- BUSINESS NEWS HEADLINES MAY 14
- BUSINESS NEWS HEADLINES MAY 16
- Vinacas tells cashew enterprises to trade carefully
- BUSINESS NEWS HEADLINES MAY 10
- BUSINESS NEWS HEADLINES MAY 13
- BUSINESS NEWS HEADLINES MAY 6
Potential for Vietnamese exports to Africa: workshop have 369 words, post on en.vietnamplus.vn at July 21, 2021. This is cached page on Talk Vietnam. If you want remove this page, please contact us.