Thang Long - Hanoi

Vietnam, Benin aim for closer investment ties
29/09/2011 | 16:34:32
EMAIL PRINT Bookmark and Share SHARE Font Size A A A
Benin wants to strengthen investment and trade cooperation with Vietnam , an official from the West African nation told a seminar held in HCM City on Sept. 28.

The seminar, organised by the Vietnam Trade Promotion Agency's HCM City office, is attended by a visiting delegation of ministerial officials from Benin .

Benin is a predominantly agricultural country, with farming contributing 34 percent of its GDP , Sabi Boum Djoule, the legal adviser to the Ministry of Industry and Trade, said.

Its main export items are cotton, raw cashew nut, rice, pineapple, and orange.

" Benin wants to learn from Vietnam food processing and preservation, fruit-juice production, and cashew processing," he said.

He called on Vietnamese companies to build factories for processing cashew and mango and upgrade cotton-processing plants in Benin , adding that his Government will back Vietnamese companies to make bilateral economic relations more fruitful.

Benin is a promising market and possible gateway to Africa for Vietnamese products, Ngo Van Roan, head of the Ministry of Industry and Trade's Import-Export Department in HCM City , said.

Trade between the two countries had risen significantly in the past few years to top 53 million USDlast year.

In the first half of this year, it reached 46.7 million USD, with Benin 's exports accounting for 37.7 million USD, mainly of cotton, cashew nut, and scrap iron.

Among Vietnam 's key exports to Benin are rice, raw materials for tobacco production, and electronics, Roan said.

These figures indicated that the bilateral trade potential remains largely untapped, mostly due to a lack of information about each other's markets, geography and high transport costs, language barrier, and payment issues, he said.

Roan said to overcome difficulties and enhance bilateral trade, Vietnamese companies should focus more on trade promotion and take part in exhibitions in Africa .

He also called on them to work directly with Beninese companies to understand local consumers' needs./.
COMMENTS
Your comments will be likely edited before publishing
Fullname
(*)  
Email
(*) 
Content
(*)
   
FDI down 8 percent this year to 8.8 billion USD
Vietnam has attracted 8.8 billion USD in foreign direct investment in the year-to-date, an 8 percent fall year-on-year.
Nation remembers war martyrs and invalids
A solemn memorial service for fallen soldiers was held in central Quang Tri province.
Seven-month CPI pace slowest in a decade
Vietnam’s July CPI was at 10-year low, gaining only 0.68 percent from the end of 2014.
Joint statement of Vietnam-Thailand cabinet meeting
A joint statement of the third Vietnam-Thailand joint cabinet retreat was signed on July 23.
HCM City leaders visit US to strengthen ties
A delegation from Ho Chi Minh City has concluded a US visit to the US to bolster cooperation.
Prime Minister talks with Lao counterpart
The two leaders agreed on measures to boost bilateral cooperation during their talks.
Deputy PM holds talks with Chinese Vice Premier
Deputy PM Nguyen Xuan Phuc held talks with Chinese Vice Premier Zhang Gaoli on July 16.
Banking system has optimistic outlook for 2015
Domestic and foreign credit institutions in Vietnam continue to see a bright business outlook.

EMAIL PRINT Bookmark and Share SHARE Font Size A A A
Other websites:
Partners: