Vietnamese businesses that are interested in operating in Angola will beassisted to access the African country in the coming time, thus helpingboost investments between the two nations.
Thisis the outcome of a Vietnam-Angola trade and investment seminar in Hanoion December 10 co-organised by the Vietnam-Africa CooperativeFriendship Association and the Vietnamese Embassy in Angola with theparticipation of nearly 50 Vietnamese enterprises.
Opening the event, Le Duong Quang, the Association’s President, saidtrade between Vietnam and Angola reached 125 million USD in 2012.
Recently, many Vietnamese companies have poured investment intoAngola, focusing on oil and gas and construction, under joint venturecontracts, he added.
Over the past years, theSoutheast Asian country has dispatched a drove of experts in education,healthcare, agriculture and accounting to Angola, Quang said, addingthat about 300 Vietnamese experts are working there.
The 60,000 overseas Vietnamese in Angola work as a bridge linking the two countries’ businesses, he added.
Angolan Ambassador to Vietnam Joan Manuel Bernardo briefed theseminar on the socio-economic and natural conditions of his country,which lies along the western coast of Africa with an area of 1,246,700sq.km and a population of around 20 million people.
He also introduced Angola’s law as well as its nationalreconstruction programme and national development plan for the 2013-2017period.
The ambassador commented on nine areasthat are listed in the country’s private investment promotion strategy,including agriculture and breeding, infrastructure; processing industry;industry and fisheries; hotels and tourism; social housing; educationand healthcare, telecommunications and information-technology;electricity and water.
Angola has offered a rangeof incentives in land, credit and procedures to attract domestic andforeign investors in such realms, he added.
Atthe seminar, Vietnamese Ambassador to Angola Do Ba Khoa also presentedopportunities and challenges in the African country.-VNA
Thisis the outcome of a Vietnam-Angola trade and investment seminar in Hanoion December 10 co-organised by the Vietnam-Africa CooperativeFriendship Association and the Vietnamese Embassy in Angola with theparticipation of nearly 50 Vietnamese enterprises.
Opening the event, Le Duong Quang, the Association’s President, saidtrade between Vietnam and Angola reached 125 million USD in 2012.
Recently, many Vietnamese companies have poured investment intoAngola, focusing on oil and gas and construction, under joint venturecontracts, he added.
Over the past years, theSoutheast Asian country has dispatched a drove of experts in education,healthcare, agriculture and accounting to Angola, Quang said, addingthat about 300 Vietnamese experts are working there.
The 60,000 overseas Vietnamese in Angola work as a bridge linking the two countries’ businesses, he added.
Angolan Ambassador to Vietnam Joan Manuel Bernardo briefed theseminar on the socio-economic and natural conditions of his country,which lies along the western coast of Africa with an area of 1,246,700sq.km and a population of around 20 million people.
He also introduced Angola’s law as well as its nationalreconstruction programme and national development plan for the 2013-2017period.
The ambassador commented on nine areasthat are listed in the country’s private investment promotion strategy,including agriculture and breeding, infrastructure; processing industry;industry and fisheries; hotels and tourism; social housing; educationand healthcare, telecommunications and information-technology;electricity and water.
Angola has offered a rangeof incentives in land, credit and procedures to attract domestic andforeign investors in such realms, he added.
Atthe seminar, Vietnamese Ambassador to Angola Do Ba Khoa also presentedopportunities and challenges in the African country.-VNA
