Vietnam, Mozambique seek to enhance trade and investment ties

Thursday, 2019-06-27 13:44:50
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The Vietnam - Mozambique Trade, Investment and Tourism Promotion Forum took place in Maputo, Mozambique, on June 26.
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NDO – The Vietnam - Mozambique Trade, Investment and Tourism Promotion Forum took place in Maputo, Mozambique, on June 26.

Co-organised by the Vietnamese Embassy in Mozambique, the Chamber of Commerce and Industry (CCMI) of Mozambique and the Hanoi Investment, Trade and Tourism Promotion Centre, the forum aimed to seek stronger links in trade, investment and tourism between the two countries.

Vietnamese Ambassador to Mozambique Le Huy Hoang said the Vietnamese Government is committed to the continued support of the two countries’ businesses to reinforce partnership and capitalise on their potentials and advantages.

Meanwhile, the Director of the Hanoi Department of Industry and Trade, Le Hong Thang, introduced advantages of the Vietnamese capital city, including favourable policies, transport infrastructure and human resources. He also highlighted the municipal authorities’ resolve to assist foreign enterprises to engage in economic, investment and trade cooperation.

The Mozambican Deputy Minister of Industry and Trade, Júlio João Pio, reviewed the recent strides in bilateral relations, including the fruitful investment of Movitel – a joint venture, worth over 600 million USD, of the Vietnamese military-run telecom group Viettel in the African nation.

He called on the two countries to bolster economic, trade and investment ties, encouraging Vietnamese firms, including those from Hanoi, to invest in potential fields in his country, such as agriculture, agricultural product processing, and mining.

For his part, Director of the Mozambique Chamber of Commerce and Industry Arlindo Duarte said that he hopes to continue serving as a bridge helping businesses to boost substantive cooperation for the sake of both countries.

At the forum, Ambassador Le Huy Hoang and Hanoi companies presented the economic, trade, investment and tourism potential of Vietnam in general and of Hanoi in particular, along with policies supporting bilateral trade and investment activities.

They also introduced Vietnamese goods that are in demand in Mozambique, such as agricultural products, handicrafts, apparel, wood products and building materials. Famous cultural and historical sites of Vietnam were also promoted to attract more visitors from Mozambique and neighbouring countries.

Also at the event, Vietnamese and Mozambique businesses engaged in B-to-B activities to explore partnership opportunities. Many of them expressed their hopes that the countries will soon sign a double taxation avoidance agreement and financial-banking deals to help protect legitimate rights of enterprises.

On the occasion, the Vietnamese Embassy also promoted traditional Vietnamese dishes, which received positive response from local delegates.