​Mozambique seeks more investment from Vietnamese businesses

Vietnamese businesses are welcome to operate in Mozambique in the fields of trade, transportation, oil and gas

Mozambican Prime Minister Carlos Agostinho do Rosario (R) and his Vietnamese counterpart Nguyen Xuan Phuc meet the press in Hanoi on August 1, 2017. Photo: Vietnam News Agency

Mozambican Prime Minister Carlos Agostinho do Rosario has urged Vietnamese businesses to extend their operations in his home country.

PM Rosario joined talks with his Vietnamese counterpart Nguyen Xuan Phuc in Hanoi on Tuesday, as part of his official visit to the Southeast Asian nation from July 31 to August 3.

During the conversation, the Mozambican head of government expressed his hope that more businesses from Vietnam would begin operations in his home country in the fields of trade, transportation, oil and gas, and agriculture among others.

PM Phuc considered the visit an important milestone in the bilateral relations of the two countries.

The two leaders expressed their satisfaction with the positive development of the Vietnam- Mozambique traditional friendship and multi-faceted cooperation.

Regarding political ties, they agreed to maintain exchanges at all levels and support each other during international forums. 

With regard to economic ties, both parties highlighted the effective operation of Movitel, a joint venture between Vietnam’s military-run telecom group Viettel and Mozambique’s investment company SPI, as well as Vietnam’s cooperative food crop development research project in Mozambique.

According to PM Phuc, Vietnam is willing to share its experience with Mozambique in the fields of natural disaster prevention, weather forecast, climate change, education and training, and security and defense.

He asked Mozambique to provide more favorable conditions for Vietnamese businesses to open bonded warehouses, develop goods distribution channels, and improve the legal framework for foreign investors.

Regarding regional and international issues, both sides pledged to contribute to the maintenance of peace and cooperation, and address any dispute via peaceful means in accordance with international law.

Following the talk, the two heads of governments witnessed the signing of a Memorandum of Understanding on cooperation to preserve wild flora and fauna, and an agreement on aviation transport services.

PM Rosario also met with General Secretary of the Communist Party of Vietnam Nguyen Phu Trong on the same day.

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