Tuesday, 22 Aug 2017
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INVESTMENT

Mozambique encourages Vietnam’s investment

Updated at Wednesday, 02 Aug 2017, 11:35
The Hanoitimes - Mozambique’s Prime Minister Carlos Agostinho do Rosario has called upon Vietnamese businesses to engage more in trade, oil and gas, marine transport, and processing farm produce and seafood to soon realise the trade target set by the two countries’ leaders.
Rosario, who is paying an official visit to Vietnam for the first time from July 31 to August 3, made the appeal during his talks with Prime Minister Nguyen Xuan Phuc in Hanoi on August 1.

The host described the visit as an important milestone in the bilateral relations after the visit to Mozambique by former President Truong Tan Sang in March 2016. The two Government leaders expressed their satisfaction at the growing traditional friendship between Vietnam and Mozambique.

 
 
PM Nguyen Xuan Phuc discusses with Mozambican counterpart Carlos Agostinho do Rosario on their way to talks room
PM Nguyen Xuan Phuc discusses with Mozambican counterpart Carlos Agostinho do Rosario on their way to talks room

Regarding political ties, they agreed to maintain delegation exchanges at all levels while coordinating and supporting each other at international forums. They discussed challenges in security, politics and economics along with regional and global issues of mutual concerns.
 
The two sides pledged to contribute to the maintenance of peace and cooperation in the region and beyond on the basis of respecting international law and addressing any disputes via peaceful means and in line with international law.

PM Phuc proposed Mozambique support Vietnam to become a non-permanent member of the UN Security Council in the 2020-2021 tenure and the Director-General of the UN Educational, Scientific and Cultural Organisation (UNESCO) in the 2017-2021 tenure.

Pertaining to trade, investment and development cooperation, the PMs expressed their pleasure at the effective operation of Movitel, a joint venture between Vietnam’s military-run telecom group Viettel and Mozambique’s investment company SPI, as well as Vietnam’s food crop development research cooperation project in Mozambique.

 
 
Viettel staff instructs Mozambican technicians on optical cable maintenance. Photo: Viettel
Viettel staff instructs Mozambican technicians on optical cable maintenance. Photo: Viettel

Mozambique is expected to become a leading partner of Vietnam in southern Sahara, Africa, while Vietnam will serve as a bridge to connect Mozambique with the Southeast Asian region.
 
Vietnam agreed to share more development experience with Mozambique in the fields of natural disaster prevention, weather forecast, climate change adaptation, education-training, expert exchanges, and security-defense. The Southeast Asian country asked Mozambique to make it easier for Vietnamese businesses to open a bonded warehouse, develop goods distribution channels, and improve the legal framework for foreign investors.

After the talks, the PMs witnessed the signing of a Memorandum of Understanding on cooperation to protect and preserve wild flora and fauna and the initialling of an agreement on aviation transport services. Vietnam and Mozambique established diplomatic ties on June 25, 1975 – the day when the African nation declared independence. 

Mozambique is an important partner of Vietnam in Africa. The two nations have maintained cooperative relations through Party and State channels and people-to-people exchanges. The Communist Party of Vietnam and the Liberation Front of Mozambique (Frelimo) have cooperated closely in personnel training and scientific research. The Parties will continue increase the exchange of all-level delegations and sharing of experience in building and managing the nation and facilitate the development of economic and trade ties between the two countries.

Bilateral economic and trade relations have enjoyed impressive growth over the past years. Two-way trade increased from just 13.83 million USD in 2006 to 101 million USD in 2016, of which Vietnam’s exports were valued at 72.5 million USD. Mozambique current ranks 11th out of 72 nations and territories in which Vietnam has invested. The African country’s economic reform is opening more opportunities in investment cooperation for Vietnam, especially in the fields of agriculture, aquatic products, mineral resources, civil industry, construction, energy and public infrastructure.
Trung Kien
TTXVN
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