Mozambique solicit Vietnamese agriculture, mining investment

Mozambique solicit Vietnamese agriculture, mining investment

Laurinda Esperanca The president of the Mozambican Assembly, Francisco Nhiuane Bias, stated during a meeting with members of the Vietnamese business sector on June 21 in Hanoi that Vietnamese enterprises would be able to join SADC member countries through Mozambique.

The president urged Vietnamese companies to invest in Mozambique’s potential in tourism, mining, energy, and agriculture, stressing that the African country has established a platform that gives information to both state-owned and private firms.

She encouraged Vietnamese and Mozambican companies to take advantage of the cooperation agreements established by the two nations. She also expressed her hope that more Vietnamese companies would expand their operations in Mozambique following the conference.

At the meeting, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Pham Tan Cong emphasised that apart from political ties, bilateral economic and trade relations have seen positive signs over the past time.

During the 2020-2021 period when the COVID-19 was still ravaging, two-way trade still exceeded 150 million USD, he said, highlighting cooperation in investment and agriculture.

Pointing out optimal cooperation potential between the two countries, Cong suggested that Vietnamese firms consider investment opportunities in Mozambique, particularly in agriculture, heavy industry, infrastructure, finance, health care, and information technology and telecommunications (ICT).

Along with traditional goods like rice, cable lines, fertilizers, garment textiles, steel, cashew nuts and wood, among others, Vietnamese and Mozambican enterprises should expand the list of goods that can be exchanged such as farm produce, construction materials and medical equipment of Vietnam, and some agricultural products and minerals of Mozambique, Cong said.

The VCCI will cooperate with Mozambican competent agencies, and work as a bridge to promote the trade and investment ties, he promised.

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