PM hopes for stronger Vietnam-Tanzania trade, investment ties

TIN LIÊN QUAN
	Prime Minister urges faster disbursement of ODA capital, concessional loans
	PM approves dissemination about global integration events

Talking to Minister of Industry, Trade and Investment, Charles J. Mwijage and Minister of Agriculture, Livestock and Fisheries, Charles J. Tizeba, he lauded Tanzania’s maintenance of an average economic growth rate of over 6 percent during the past decade and expressed his wish that the country will successfully realise the targets set in its Vision 2025.

Prime Minister Nguyen Xuan Phuc and Tanzanian delegation at the function. (Photo: VGP News)

He thanked Tanzania for supporting Vietnam’s struggle for national liberation in the past and for facilitating the investment and business activities of Vietnamese firms, including Halotel – a joint venture of Vietnam’s military-run telecommunications group Viettel with Tanzania.

Minister Mwijage said the two countries’ cooperation is developing strongly, as seen in their economic ties and business-to-business partnerships.

He highly valued Vietnam’s expansion in cooperation with African nations, including Tanzania – one of the fastest growing economies in Africa, over the last decade, due to strong economic reforms.

He called on Vietnamese enterprises to invest in apparel, footwear, vegetable, plant oil and cement production in his country’s economic and industrial zones.

Congratulating Tanzania on its economic achievements, PM Phuc promised that the Vietnamese Government will step up providing businesses with information concerning export processing and special economic zones of Tanzania, so that they can consider investment in agricultural and aquatic product processing, electronic products, consumer goods, garment and footwear.

Vietnam is ready to supply goods with high quality and competitive prices in order to meet Tanzania’s demand, he noted.

To fuel the bilateral trade and investment relations, he asked that both sides promptly conclude negotiations for the signing of a double-taxation avoidance agreement and another on investment encouragement and protection.

The PM asked the African nation to facilitate the licensing of Vietnamese workers at Halotel while ensuring security and protecting the assets of Vietnamese firms in the country.

Vietnamese and Tanzanian businesses should also boost connectivity and trade activities to raise the bilateral trade to US$1 billion in the near future, he added.

Vietnamese Ambassador presents credentials to Tanzanian President Vietnam's Ambassador to Tanzania Nguyen Kim Doanh handed his credentials to Tanzanian President John Magufuli in Dar Es Salaam, Tanzania on August 1.

Mozambique calls for Vietnam’s investment at PMs’ talks 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 ...

Mozambique’s PM starts official visit to Vietnam Mozambican Prime Minister Carlos Agostinho do Rosario began his four-day official visit to Vietnam on July 31 at the invitation of Prime Minister Nguyen Xuan ...