Vietnam, Mozambique look to further investment links

The event was hosted by Vietnam ’s Ministry of Planning and Investment with the aim of providing a venue for businesses of the two countries to meet and seek partners as well as to exchange information with the two countries’ state management agencies.

Addressing the function, Mozambican Minister of Planning and Development Aiuba Cuerneia called on Vietnamese businesses to invest in the Southeast African country, particularly in the areas of banking, finance, agriculture, transport, industry and telecommunications.

Deputy Minister of Planning and Investment Dao Quang Thu said although investment cooperation between the two countries is currently limited to only two areas of agriculture and telecommunications, existing projects have reaped good results. He said the success obtained by Vietnam ’s military-run telecom group Viettel in Mozambique represents a firm step forward in bilateral cooperative ties.

The deputy minister expressed his hope that the Mozambican Government will continue assisting and creating conditions for Vietnamese businesses to operate in the country.

Minister Thu also pledged to work with relevant ministries and branches to support both countries’ enterprises that want to run business in the other country.

At present, Mozambique ranks eighth out of 60 destinations of Vietnamese investment, attracting about 350 million USD.