Bank of Mozambique and Financial Sector Deepening promote financial services
VNA / Dao Manh Duc, head of the Vietnamese Trade Office in Mozambique addresses the meeting
More than 100 representatives of Vietnamese, Mozambican and Swazi enterprises have gathered at a recent meeting in Mozambique’s capital of Maputo to seek closer partnership, especially in import-export, mining, agro-forestry product processing, telecommunications and civil construction.
Addressing the event, Dao Manh Duc, head of the Vietnamese Trade Office in Mozambique said that Mozambique is one of the important partners of Vietnam in southern Africa, with two-way trade in 2016 reaching about 100 million USD, up 52.6 percent over the previous year.
Vietnam sells to Mozambique rice, garment and textile, telecommunication equipment, while importing cashew, cotton and wood.
Duc called for businesses of both sides to become more active in studying each other’s market through joining trade fairs and exhibitions, and updating themselves on the economic, trade, investment, tax and currency policies of each other to minimize trade risks.
Nuno Maposse, a representative from APIEX, Mozambique Government’s agency for trade and investment promotion, said that Mozambique encourages foreign investors in many areas, including agriculture, farm produce processing, energy and tourism.
He expressed hope that Vietnamese firms will increase trade and investment partnership in the Mozambique market.
Phumelele Dlamini, head of the business delegation from Swaziland, a small country close to Maputo, called for investment from Vietnamese firm, pledging that the country will give optimal conditions for foreign investors.
Within the annual meeting’s framework, Vietnamese firms also introduced many products of Vietnam, with agro-forestry products, home appliances and construction materials attracting much attention.Source: VNA