Deputy President Cyril Ramaphosa arrives in Noi Bai International Airport in Hanoi, Vietnam ahead of his working visit to strengthen bilateral political, economic and trade relations between South Africa and Vietnam.
JOHANNESBURG – Deputy President Cyril Ramaphosa has described his two-day visit to Vietnam as successful.
Ramaphosa held talks with President Tran Dai Quan, discussing how to boost trade ties.
The blue ocean economy was part of the talks.
Ramaphosa said Vietnam will be a good partner in aquaculture, marine transport, and ship building.
He leaves Vietnam for Singapore on Wednesday.
“The trade has grown from about half a billion dollars to one and a half billion dollars and we want to expand that. At the moment it's more in the favour of Vietnam because Vietnam is exporting a lot more goods to South Africa from a manufacturing base, and we are exporting a little less from an agricultural base,” Ramaphosa said.
“We want to expand that to include mining products, which we are very good at, to include defence products, which we also have in good abundance. We reached agreement that we are going to do everything we can to balance the trade between our two countries,” he said.