Workers at a shrimp processing factory in Vietnam (Photo: VNA)Pretoria (VNA) - South Africa remains a promising market for Vietnam’s fishery products and serves as an important gateway for them to enter the regional market, an official has said. Of note, South Africa is currently Vietnam’s largest trade partner in Africa as the average annual growth rate of two-way trade surpassed 1.2 billion USD in the 2019-2021. Statistics from the MoIT indicated that the African nation mainly imported shrimp worth 3.17 million USD and frozen fish of 1.03 million USD from Vietnam last year. Bilateral trade remained stable despite negative impacts of COVID-19, showing that Vietnamese items and fishery products in particular have gained a foothold at the market. In addition, South Africa is viewed as a locomotive in the Southern African Development Community (SADC), therefore its retail network serves both the domestic market and neighbouring countries.


Source:   Viet Nam News
May 28, 2022 21:45 UTC