Deputy President KgalemaMotlanthe has today, 7 October 2010, concluded his working visit to the Socialist Republic of Vietnam, where he had bilateral talks with different Vietnamese stakeholders including the Vice President , the Prime Minister and a senior member of the Communist Party of Vietnam.
Deputy President Motlanthe reiterated South Africa’s commitment to strengthen the cooperation with Vietnam on the specific SA-Vietnam bilateral issues, namely: Bilateral Trade, Partnership Forum, Defence Cooperation, Cooperation in nature conservation, UN Security Council and Climate Change Negotiations.
South Africa and Vietnam have fast growing economies and there is vast potential to expand a bilateral trade and investment in many areas.
During the talks both countries committed that the two countries will in future increase the volumes of trade to reach a target of one billion US Dollars in the next few years.
Deputy President Kgalema Motlanthe confirmed the importance of the second meeting of the Partnership Forum that would be held in South Africa in the course of 2011, at a mutually convenient date.
Deputy President Motlanthe highlighted the need to create awareness among the respective business communities regarding business opportunities existing in both countries.
The two countries signed an agreement on the field of Tourism and a Memorandum of Understanding on the field of Water Resources.
Source: The Presidency
