African countries and territories hope to further develop cooperationwith Vietnamese businesses to lure more investment in processed farmproduce, a workshop heard in Ho Chi Minh City on January 9.
Guinea-Bissau’s Secretary of State for Trade, Ibraima Djalo, saidAfrica has strengths in agriculture and farm produce of all kinds;however, infrastructure has not yet developed sufficiently to enableinvestment in the field.
TheVietnam-Africa-Middle East Business Forum was therefore seen as along-awaited and much-needed chance for the participants, including 20businesses from central and western Africa, to promote tradeactivities, lure investment and enhance bilateral cooperation in thearea, according to vice president of the forum Thai Kieu Huong.
Businesses from the two countries should grasp this opportunity toexchange information on market demands, and seek ways to enhancecooperation in the most beneficial manner, creating a premise for futurebilateral partnership.
The event also aims tohelp Vietnamese and African businesspeople address an array ofdifficulties pertaining to the administrative formalities, entrance andexit, and banking, Huong added.
The VietnamChamber of Commerce and Industry (VCCI) has so far this year signedagreements on trade development cooperation with 25 out of 55 nationsand territories in Africa, according to deputy head of the VCCIInternational Relations Department Nguyen Ngoc Thang.
Two-way trade was recorded at nearly 5 billion USD in 2013, up 25 times from the 2002 figure.
Africa boasts enormous potential in energy and mining resources ofall kinds; however, geographical distance is blamed for limitingbilateral collaboration between Vietnam and Africa , Thang noted.-VNA
Guinea-Bissau’s Secretary of State for Trade, Ibraima Djalo, saidAfrica has strengths in agriculture and farm produce of all kinds;however, infrastructure has not yet developed sufficiently to enableinvestment in the field.
TheVietnam-Africa-Middle East Business Forum was therefore seen as along-awaited and much-needed chance for the participants, including 20businesses from central and western Africa, to promote tradeactivities, lure investment and enhance bilateral cooperation in thearea, according to vice president of the forum Thai Kieu Huong.
Businesses from the two countries should grasp this opportunity toexchange information on market demands, and seek ways to enhancecooperation in the most beneficial manner, creating a premise for futurebilateral partnership.
The event also aims tohelp Vietnamese and African businesspeople address an array ofdifficulties pertaining to the administrative formalities, entrance andexit, and banking, Huong added.
The VietnamChamber of Commerce and Industry (VCCI) has so far this year signedagreements on trade development cooperation with 25 out of 55 nationsand territories in Africa, according to deputy head of the VCCIInternational Relations Department Nguyen Ngoc Thang.
Two-way trade was recorded at nearly 5 billion USD in 2013, up 25 times from the 2002 figure.
Africa boasts enormous potential in energy and mining resources ofall kinds; however, geographical distance is blamed for limitingbilateral collaboration between Vietnam and Africa , Thang noted.-VNA
