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Vietnam, Mozambique to seek closer partnership in import and export trade

YarnsandFibers News Bureau 2017-09-29 10:00:00 – Pretoria

To seek closer partnership, especially in import-export trade a meeting was recently held in Mozambique’s capital of Maputo where more than 100 representatives of Vietnamese, Mozambican and Swazi enterprises were present.

Addressing the event, Dao Manh Duc, head of the Vietnamese Trade Office in Mozambique 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.

DUc 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 exports to Mozambique includes garment and textile while imports includes cotton, wood and cashew.

Nuno Maposse, a representative from APIEX, Mozambique Government’s agency for trade and investment promotion, said that Mozambique encourages foreign investors in many areas and 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.

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