Monday, August 21, 2017 - 17:27:23

Vietnam, Morocco bolster economic cooperation

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The Vietnam-Morocco business forum was held in Hanoi on March 30 by the Vietnam Chamber of Commerce and Industry (VCCI), the Ministry of Industry and Trade and the Moroccan Embassy.

Moroccan business delegates at the event represented various fields including metallurgy, chemistry, information technology, telecommunications and pharmaceutical manufacturing.

In recent years, bilateral trade revenue has grown about 55 percent annually. In 2014, Morocco imported 147 million USD worth of goods from Vietnam including industrial equipment, printers, apparel, and consumer goods.

Mohamed Abbou, Minister Delegate to the Minister of Industry, Trade, Investment and the Digital Economy of Morocco, said Vietnam will be a gateway for Moroccan enterprises to enter other Asian markets.

The African country will create favourable conditions for the two countries’ enterprises to develop trade, investment and cooperation relations towards promoting their potential, Mohamed added.

Deputy Minister of Industry and Trade Tran Tuan Anh said Vietnam considers Morocco a significant partner and the ministry will support enterprises to expand business activities.

A cooperation Memorandum of Understanding (MoU) was signed by the Morocco’s export promotion agency and the Vietnam Trade Promotion Agency (Vietrade) at the event./.

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