South Africa is looking forward to expanding its bilateral trade with Vietnam, according to Deputy President Paul Mashatile.

He hosted Vietnamese Vice President Vo Thi Anh Xuan during an Official Visit to South Africa and expressed interest in increasing exports to Vietnam, particularly in agricultural agro-processing products. Vietnam is also interested in acquiring coal from South Africa.

While bilateral relations have made good progress, both nations believe there is room for improvement in various areas. They plan to work together on peace initiatives, with Vietnam supporting South Africa's efforts on the African continent.

South Africa and Vietnam are celebrating 30 years of diplomatic relations, and this Official Visit aims to strengthen their friendship and consolidate their partnership. They recently gained approval to become sectoral dialogue partners of the Association of Southeast Asian Nations (ASEAN).

Vietnam is South Africa's fifth-largest trading partner in the ASEAN region. In 2022, bilateral trade between the two countries was valued at R23.8 billion, with South Africa importing R18.5 billion worth of goods from Vietnam and exporting R5.2 billion worth of products to Vietnam.

Deputy President Mashatile emphasized the importance of their relationship, rooted in historical ties and Vietnam's role in the fight against colonialism and racial discrimination. He expressed hope for continued growth in their multifaceted partnership in the coming years.

The Deputy President also highlighted collaborations in various sectors, such as energy, mineral resources, and higher education. He emphasized South Africa's focus on new investments to stimulate economic growth, create jobs, and reduce poverty and inequality.

Overall, the visit signifies the commitment of both nations to deepen and broaden their bilateral relations, particularly in trade and economics.