South Africa’s Department of Trade and Industry reports that the nation’s In2Fruit company has signed a contract with Vietnam’s Fruit One counterpart to export fresh grapes to Vietnam. The agreement was reached at the Fruit Logistica Asia Trade Show in China’s Hong Kong on September 4-6.
This means the Vietnamese company will allow its South African counterpart to ship the first batch of 10-12 containers worth about 35,000 USD out of the total contract value of 420,000 USD.
CEO of In2Fruit Sarel Joubert described the signing of the deal as an initial step for the South African company to make inroads into the Vietnamese market. After this deal, In2Fruit will ensure the supply of high-quality fresh grapes, he added.
Vietnam and South Africa are striving to boost two-way trade to 2 billion USD in the next five years from 1.2 billion USD in 2018. South Africa is exerting efforts to increase exports of wine, fresh fruits, processed fruits, and beef to the Vietnamese market.