Thursday, August 17, 2017 - 10:55:25

Vietnam-Angola Business Forum opens in Hanoi

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Vietnam and Angola are promising open markets and the Vietnam-Angola Business Forum is an opportunity for the two countries’ businesses to develop their markets in coming years, said Vice State President Nguyen Thi Doan.

Addressing the forum, themed “New Partners for Development” that took place in Hanoi on Feb. 16, Vice President Doan said Vietnam will exert its utmost to beef up the two countries’ economic and political relations, facilitate cooperation between the two countries’ businesses and act as an efficient bridge for the two economies to bring their strengths into play.

Angolan Vice President Fernando Dias Dos Santos said Angola defines agriculture as its key goal, with cereal and breeding and processing industries.

Angola is creating an attractive investment environment for private and public investors, said the Angolan Vice President, expressing his belief that through the establishment of partnerships, cooperation between Vietnamese and Angolan businesses will see new development.

Meanwhile, President of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc said two-way trade reached around 100 million USD last year with Vietnam exporting mainly rice, garments and textiles, footwear, machinery and equipment, accessories and seafood.

The forum is an opportunity for the two countries to promote future investment cooperation, he added.

At the event, a 3 billion USD construction contract to build accommodation for the Angolan Defence Ministry was also signed between Vietnam Construction and Industry Equipment Joint Stock Company and TAMAR LDA Angola Corporation./.
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