Dar Looks to Investment Link as Vietnam Leader Arrives

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Dar Looks to Investment Link as Vietnam Leader Arrives

6:56 CAT | 09 Mar 2016

Vietnamnet / President Truong Tan Sang landed Julius Nyerere International Airport in Dar Es Salaam city, Tanzania, on the early morning of March 9 (Vietnam time), starting his State visit to the African country.

Vietnam President Truong Tan Sang arrived in Tanzania last night for a three-day official visit that would mainly focus on boosting investment in agriculture, manufacturing and telecommunications sectors between the Far-East nation and Tanzania.

President Sang was received by the Minister for Foreign Affairs, East African and Regional Cooperation, Dr Augustine Mahiga, at the Julius Nyerere International Airport (JNIA) in Dar es Salaam.

He was accompanied by his wife, Mai Thi Hahn, and five cabinet ministers responsible for industry, communications, agriculture, health and water. The delegation also includes 51 business people.

The visiting Head of State will be officially received by President John Magufuli at the State House today where he will be accorded a 21-gun salute and thereafter inspect a guard of honour to be mounted by members of the armed forces.

Afterwards, President Magufuli will have private talks with his guest from where they will proceed to witness a signing ceremony on a taxation agreement aimed boosting trade between Hanoi and Dar es Salaam by shielding investors from the two countries on double taxation.

This is the first visit by the Vietnamese leader in Africa since he assumed office in 2011. He is as well scheduled to visit Mozambique. The South-East Asian country has made significant strides in agriculture and agro-processing which Tanzania hopes to copy a leaf from.

Notable investments from Hanoi include Vietel Tanzania, which trades as Halotel. The company has invested over 1 trillion/- to spread out communication services in rural areas where existing players are reluctant to operate.

Dr Mahiga told a news conference last Sunday that during the visit in Tanzania, the Vietnamese President will hold talks with President Magufuli as well as the National Chairman of CCM who is as well the President of the Fourth Phase Government, Mr Jakaya Kikwete.

“Also on the schedule to meet President Sang include the President of Zanzibar and Chairman of the Revolutionary Council, Dr Ali Mohamed Shein, and Speaker of the National Assembly, Mr Job Ndugai,” Dr Mahiga stated.

It will be a busy day for the visiting president. From the State House, he will head to CCM’s sub office along Lumumba Street for talks with the party’s chairman, Mr Kikwete. Mr Sang is among senior leaders of the Communist Party of Vietnam, which enjoys long standing friendship with CCM.

“From Lumumba Street, President Sang will head for the Export Processing Zone Authority (EPZA) at Mabibo where he will have an opportunity to be informed on opportunities in the manufacturing sector in Tanzania and he will be taken on a tour of factories within the area,” Dr Mahiga told reporters last Sunday.

Thereafter, the delegation will attend a Tanzania-Vietnam Business Forum with a theme; “A platform to sharing information and unlocking opportunities,” to bring together businesspersons from the two countries.

“After meeting President Shein and Mr Ndugai, President Sang will be treated to state dinner at the State House by his host, President Magufuli,” Dr Mahiga said.

President Sang and his delegation will have time to visit Serengeti and Saadani national parks on Thursday after which they will leave for Mozambique from the Kilimanjaro International Airport on Friday.

Source: All Africa / Tanzania Daily News