The potential for economic co-operation between Vietnam and South Africa remains huge, Prime Minister Nguyen Tan Dung told visiting South African Deputy President Kgalema Motlanthe at a meeting yesterday.
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| PM Nguyen Tan Dung receives visiting South African Deputy President Kgalema Motlanthe. |
Dung said the countries had made significant and strong development steps in politics, diplomatic service and economics over the past years.
The two countries should continue to prioritise trade and investment in an attempt to achieve more impressive figures in bilateral trade turnover in the future, said the Prime Minister.
Bilateral trade turnover between the two countries increased from US$300 million to $500 million last year. The countries hope to raise the figure to between $600 and $700 million this year.
During the meeting, Dung asked both countries to prepare for the Vietnam-South Africa Inter-Governmental Co-operation Forum to be held by the end of this year.
He also said the two countries needed to strengthen co-ordination at bilateral and multilateral co-operation forums, especially at the United Nations.
Deputy President Motlanthe said increasing economic co-operation would motivate co-operation in other areas, such as education and training.
He also suggested establishing a direct air route from North Africa to Vietnam to create favourable conditions for doing business between the two countries.
The same day, at a meeting with Truong Tan Sang, Politburo member and permanent member of the Secretariat of the Party Central Committee, Motlanthe, who is also vice president of the African National Congress (ANC), expressed his desire to promote co-operative ties between the two Parties, increase information exchanges and share leadership experiences.
He said the traditional relationship between the ANC and the Vietnamese Communist Party was a solid foundation to help foster bilateral ties.
Sang affirmed that Vietnam wished to further expand bilateral co-operative ties, especially economic ties and trade with South Africa. He said he believed the fine relations between the two Parties and countries would achieve new progress for that would benefit both countries.
The two countries should continue to prioritise trade and investment in an attempt to achieve more impressive figures in bilateral trade turnover in the future, said the Prime Minister.
Bilateral trade turnover between the two countries increased from US$300 million to $500 million last year. The countries hope to raise the figure to between $600 and $700 million this year.
During the meeting, Dung asked both countries to prepare for the Vietnam-South Africa Inter-Governmental Co-operation Forum to be held by the end of this year.
He also said the two countries needed to strengthen co-ordination at bilateral and multilateral co-operation forums, especially at the United Nations.
Deputy President Motlanthe said increasing economic co-operation would motivate co-operation in other areas, such as education and training.
He also suggested establishing a direct air route from North Africa to Vietnam to create favourable conditions for doing business between the two countries.
The same day, at a meeting with Truong Tan Sang, Politburo member and permanent member of the Secretariat of the Party Central Committee, Motlanthe, who is also vice president of the African National Congress (ANC), expressed his desire to promote co-operative ties between the two Parties, increase information exchanges and share leadership experiences.
He said the traditional relationship between the ANC and the Vietnamese Communist Party was a solid foundation to help foster bilateral ties.
Sang affirmed that Vietnam wished to further expand bilateral co-operative ties, especially economic ties and trade with South Africa. He said he believed the fine relations between the two Parties and countries would achieve new progress for that would benefit both countries.
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