Business

Vietnam-Angola Business Forum opens in Hanoi

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.
Vietnam and Angola are promising open markets and theVietnam-Angola Business Forum is an opportunity for the two countries’businesses to develop their markets in coming years, said Vice StatePresident 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 beefup the two countries’ economic and political relations, facilitatecooperation between the two countries’ businesses and act as anefficient bridge for the two economies to bring their strengths intoplay.

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

Angola iscreating an attractive investment environment for private and publicinvestors, said the Angolan Vice President, expressing his belief thatthrough the establishment of partnerships, cooperation betweenVietnamese 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 USDlast 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 buildaccommodation for the Angolan Defence Ministry was also signed betweenVietnam Construction and Industry Equipment Joint Stock Company andTAMAR LDA Angola Corporation./.
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