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Viet Nam, Morocco sign investment agreement

Update: June, 18/2012 - 09:59

ALGIERS — Viet Nam and Morocco signed an agreement on investment encouragement and protection in the Moroccan capital city of Rabat on Friday.

Speaking after the signing ceremony, Vietnamese Deputy Foreign Minister Bui Thanh Son said the Vietnamese Government was determined to strengthen co-operation with Morocco through boosting investment.

Moroccan Minister of Economy and Finance Nizar Baraka said the agreement would help increase the flow of trade and investment between the two countries.

He said through this agreement, the Moroccan Government wanted to lure more foreign investment from Viet Nam.

The agreement is expected to open up opportunities for businesses in both countries.

On the same day, Deputy Minister Son met Moroccan Minister of Foreign Affairs and Co-operation Saad Dine El Otmani to discuss measures to strengthen co-operation between the two countries. — VNS

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