Africa is a large and potential market, including 55 countries with a population of nearly 1.3 billion people. In the current period, African countries have become increasingly important economic partners of Vietnam. The Government always attaches importance to promoting economic and trade cooperation between Vietnam and African countries, many agreements and agreements have been signed to create a favorable legal corridor for business cooperation activities. commerce and in many other fields.
In 2020, the GDP of the whole Africa is estimated at more than 2.3 trillion USD, accounting for about 2.8% of the world GDP; GDP per capita is approximately 1,800 USD, of which only more than half of the 55 countries and territories of Africa have per capita income above 1,000 USD/year. It is forecasted that in 2021, in the condition that the tourism industry recovers, the prices of raw materials increase and the Covid-19 epidemic is controlled, the GDP of this continent is likely to increase by 3.4%. Due to geographical differences and clear climate differentiation between regions, natural features have partly influenced the economic development of countries in each region. Many African countries (in North Africa, East Africa and South Africa) have favorable conditions for agricultural development, but at the same time there are countries that are located deep in the continent or are influenced by the desert climate (in Western Europe). and Central Africa) face many difficulties in cultivation and food production. With a large population of about 1.3 billion people, Africa is considered a potential market area with high import demand for a variety of items suitable for Vietnam’s key exports. In 2020, Vietnam’s export activities to the African region were interrupted due to the impact of the Covid-19 epidemic, causing a sharp drop in export turnover. However, in the first months of 2021, production and exports of Vietnamese enterprises have gradually recovered, resuming trade activities between Vietnam and Africa, helping to increase export turnover sharply compared to the same period last year. 2020 billion USD, up 23.4%.

Currently, English is the official language commonly used in foreign affairs, economic, trade and investment activities… in over 25 African countries, including a number of trading partners. important role of Vietnam in the region such as South Africa, Egypt, Nigeria, Ghana, Tanzania, Kenya, Cameroon… The structure of import and export goods of Vietnam and English-speaking African countries is basically complementary. for each other. Vietnam exports mainly agricultural products (rice, pepper, coffee, tea, vegetables…), aquatic products, electronics, machinery (all kinds of phones and components, computers, electronic products and components, machinery and equipment, tools and spare parts), textiles and garments, footwear, consumer goods, milk and dairy products… Implement the National Trade Promotion Program approved by the Minister Approved by the Ministry of Industry and Trade in Decision No. 1899/QD-BCT dated July 30, 2021, the Ministry of Industry and Trade (the Trade Promotion Department in collaboration with the Asia-Africa Market Department) chaired the online seminar “Guidelines on market access and solving difficulties for Vietnamese import-export enterprises to English-speaking African markets” with specific information as follows: – Time: 14:00 – 15:45 , Thursday, September 10, 2021;
– Organization form: Online, via Zoom Meeting platform
– Participants: Vietnam Trade Office in English-speaking African markets (South Africa, Egypt, Nigeria); economic organizations, enterprises, industry associations of Vietnam;

T&G International Joint Stock Company

Address: 352 Hue Street, Le Dai Hanh Ward, Hai Ba Trung District, Hanoi

Hotline: 0345786803

Email: hrm@tginterjsc.com

Website: http://tginternationaljsc.com