HA NOI (VNS)— Viet Nam and Mozambique needed to give further help to their enterprises, enabling them to access market information, enhance mutual understanding and expand investment, says Deputy Minister of Planning and Investment Dao Quang Thu.
Thu made the comments at a joint roundtable on Viet Nam-Mozambique trade and investment promotion yesterday in Ha Noi.
The forum was also an opportunity for public relations and promotion agencies from the two nations to share business experience, advertise products and services and establish new partnerships.
Thu said Vietnamese investment in Mozambique remained modest and was concentrated mainly in the agriculture and telecommunications sectors.
There was potential in mining, wood processing, cotton and cashews, he said, along with infrastructure construction, food and seafood processing, garments and tourism.
However, geographic distance, customs and language were major challenges, he said.
The two governments, meanwhile, had yet to sign bilateral agreements on investment promotion and protection, banking co-operation and avoiding double tax.
Such agreements would create more favourable conditions for the two countries' enterprises, Thu said.
Lourenco Sambo, director of the Mozambique Investment Promotion Centre in Viet Nam, said that Mozambique had developed a policy framework and drawn up investment incentives to attract more foreign input.
Mozambique was also willing to provide visas for individuals wanting to seek business opportunities in the country, he said. — VNS