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South Africa: SA Takes Lessons from Vietnam
Source: www.sanews.gov.za
Source Date: Monday, December 12, 2016
Focus: Institution and HR Management
Country: South Africa
Created: Dec 12, 2016

One of south-east Asia's fastest growing economies, Vietnam, offers great trading opportunities for South African companies particularly in transport, mining, road and infrastructure and the defence industry.
“Being here means we have come to learn how you have succeeded in developing your own country. You have been able to reduce poverty in your own country. You have been able to industrialise your country, and the success that you have achieved in Vietnam is a success that we have noticed and we would also like to get to,” said Deputy President Ramaphosa
On the first day of the visit, the Deputy President held bilateral discussions with his counterpart Vice President Ðặng Thịnh.
They exchanged views on how to deepen cooperation on defence matters, as well as addressing the trade deficit. The two sides indicated that they are looking at the agricultural sector, where South African agricultural products can be exported to Vietnam, particularly beef. This cooperation, Deputy President Ramaphosa said, can extend to mining products.
“… We discussed how South Africa should look at Vietnam as the gateway into the Asian countries trade market. We also expressed a wish that Vietnam should keep South Africa as the gateway into Africa,” he said.
Bilateral trade between the two countries has grown significantly from R13.4 billion to R18.5 billion in 2015, making Vietnam the fourth largest trading partner of South Africa in the Asian region.
On the education front, parties committed to extended scholarships for South African youth to go to Vietnam to learn about the ocean economy, particularly shipbuilding.
The meeting between Deputy President Ramaphosa and Vice President Ðặng also touched on biodiversity to address concerns about wildlife conservation, particularly the rhino.
“We were very pleased to hear the Vice President saying that Vietnam is joining us in this. They are equally committed to conserving wildlife and are raising the level of consciousness and knowledge in the Vietnamese community about the importance of conserving wildlife,” said Deputy President Ramaphosa.
His visit enters day two today. He will pay a courtesy call on President Tran Dan Quanga and Communist Party of Vietnam General Secretary, Nguyễn Phú Trọng.
He will also pay his respects at the gravesite of the late former chairman of the Vietnamese Communist Party, Ho Chi Minh and later interact with Vietnamese business leaders in the shipbuilding and aquaculture sectors before visiting the Pha Rung shipbuilding site. 

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