Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Commodities»SA seals key agricultural trade deal with Vietnam
    Commodities

    SA seals key agricultural trade deal with Vietnam

    November 22, 20253 Mins Read


    South Africa’s agricultural sector has achieved a major diplomatic and trade milestone, following the finalisation of a Memorandum of Understanding (MoU) with the Socialist Republic of Vietnam, a move expected to strengthen bilateral cooperation and unlock new opportunities for South African producers in one of Asia’s fastest-growing markets.

    The agreement was signed by Deputy Minister Nokuzola Capa and Vietnam’s Deputy Minister Nguyen Hoang Hiep, on Friday, ahead of the official opening on G20 Leaders’ Summit.

    It lays the foundation for expanded collaboration in crop production, plant protection, animal husbandry, veterinary services, research and development, technology transfer, and agricultural trade.

    The MoU’s finalisation comes just three weeks after Minister of Agriculture John Steenhuisen’s visit to Vietnam – which took place during President Cyril Ramaphosa’s State Visit. It also aligns with President Ramaphosa’s directive to all Ministers to move swiftly and decisively in expanding South Africa’s access to export markets.

    Steenhuisen highlighted that at its heart, the partnership is built on trust and a shared ambition to strengthen sustainable agricultural systems that deliver economic growth and deepen the warm ties between our countries.

    “This agreement strengthens our strategic presence in Asia and supports our mission to broaden market access for South African producers,” Steenhuisen said.

    A win for South African producers

    The Minister emphasised that the MoU is grounded in tangible progress, noting that they are building on real results.

    “Our high-quality oranges have found a loyal and growing audience in Vietnam, where consumers recognise the value of South African produce,” he said.

    Vietnam opened its market to South African oranges in May 2024 after the successful conclusion of a bilateral protocol.

    In the 2024 season, South Africa exported 53 311 fifteen-kilogram cartons of oranges to Vietnam. In 2025, that figure rose sharply to 209 569 cartons, representing a fourfold increase.

    “This growth is a powerful vote of confidence in our exports. It reinforces South Africa’s position as the world’s second-largest citrus exporter and highlights the strong appetite in Asia that our farmers are ready to serve,” the Minister said.

    Following the success of oranges, the Minister said South Africa is now pushing for greater access for other citrus products, especially mandarins.

    He said with Vietnam’s annual agricultural import market valued at more than 30 billion US dollars, and South Africa’s current exports of edible fruits and nuts valued at around 54 million dollars, the potential for expansion is immense.

    “The MoU is designed to accelerate this growth by strengthening cooperation, fast-tracking market penetration and supporting South Africa’s ambition to unlock hundreds of millions of dollars in new agricultural export revenue. Such gains will flow directly into rural communities through job creation, increased income, and more resilient local economies.”

    South Africa already exports maize, apples, pears and grapes to Vietnam, and the expanded cooperation framework is expected to increase volumes across these categories.

    The Minister said work is also underway to secure access for high-value niche products, such as game meat, which will further diversify South Africa’s export basket.

    “Ultimately, strengthening ties with Vietnam supports South Africa’s broader objective of deepening access to the Southeast Asian region. As a stable and strategically positioned economy, Vietnam offers a valuable gateway for South African producers seeking to expand in Asia’s dynamic markets,” Steenhuisen said. – SAnews.gov.za
     





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Investments in green energy projects to protect metal cos’ margins amidst import worries

    Commodities

    How can communities benefit from €1bn fund transfer from renewable energy companies? – The Irish Times

    Commodities

    Column: LME lead stocks churn masks battery metal’s growing surplus

    Commodities

    Launch of AgriVET App and Green Glossary Marks Key Progress in Agricultural VET Education and Sustainability in Georgia

    Commodities

    What are the new IHT rules? Government releases complete breakdown

    Commodities

    UAE unveils the world’s largest silver ingot

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    NDSU launches Peltier Institute to advance agricultural technology – InForum

    Precious Metal

    Q Precious & Battery Metals Closes Agreement to Acquire Dansof Natural Hydrogen Exploration Assets

    Cryptocurrency

    Ripple RLUSD: How This Synthetic Stablecoin

    Editors Picks

    Le Real Madrid prêt à accepter un échange improbable ?

    May 3, 2025

    U.S. drops tariffs on Dominican agricultural and industrial exports

    November 18, 2025

    Turning AI vision to reality for utilities

    May 20, 2025

    Journalism Matters: Park City can win gold solving Olympian challenges

    July 23, 2024
    What's Hot

    Fintech, AI and growth: Romeo Kumalo’s African investment thesis

    November 6, 2025

    Dynamic Concept s’allie à une entreprise islandaise

    May 12, 2025

    Energy standing charge options coming, but they might not cut bills

    September 23, 2025
    Our Picks

    SCVNews.com | SUSD Board Submits $190M Bond Measure for November Ballot

    July 27, 2024

    When Businesses Should Rely On Centralized Versus Distributed Power

    October 24, 2025

    Mastercard collaborates with fintech start-up, Scale

    August 16, 2024
    Weekly Top

    The 2026 outlook: what comes next for the mortgage and property market?

    November 27, 2025

    Can technology help us defy death?

    November 27, 2025

    How can communities benefit from €1bn fund transfer from renewable energy companies? – The Irish Times

    November 27, 2025
    Editor's Pick

    NV clean energy advocates commemorate the IRAs 2nd anniversary / Public News Service

    August 15, 2024

    Property Perfect affiche une perte nette de 1 412,6 millions de bahts pour l’année fiscale -Le 03 mars 2025 à 02:27

    March 2, 2025

    Future of Crypto in the Next 5 Years

    August 12, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.