PM Nguyen Xuan Phuc has encouraged Vietnamese and Tanzanian businesses to strengthen connectivity and trade activities, in order to reach the target of US$1 billion in bilateral trade in the near future.
The Government leader made the remark while receiving Tanzanian Minister for Industry, Trade and Investment, Charles J. Mwijage and Minister for Agriculture, Livestock and Fisheries, Charles J. Tizeba, in Ha Noi on August 2.
He congratulated Tanzania on its maintenance of an average economic growth rate of over 6% during the past decade, and expressed his wish that the country will successfully realize the targets set in its “Vision 2025” with big projects.
He also thanked Tanzania for supporting Viet Nam’s past struggle for national liberation as well as for facilitating Vietnamese firms’ business and investment activities in the country, including Halotel, a joint venture of Viet Nam’s military-run telecom group Viettel with Tanzania.
For his part, Minister Mwijage stated that the visit reflects the friendship and cooperation between the two countries over the past five decades, which, he said, has been developing strongly, as seen in their economic ties and business-to-business exchanges.
He highly appreciated Viet Nam’s foreign policy in expanding collaboration with African nations, including Tanzania – one of the fastest growing economies in Africa over the last decade, thanks to strong economic reforms.
Congratulating Tanzania on its economic achievements, PM Phuc affirmed that the Vietnamese Government will actively inform domestic businesses about Tanzania’s export processing and special economic zones, so that they can consider investing in the fields of agricultural and aquatic product processing, electronic products, consumer goods, garment and footwear.
Viet Nam is willing to supply goods with high quality and competitive prices in order to meet Tanzania’s demand, he said.
To fuel bilateral trade and investment relations, the PM recommended that both sides promptly finalize negotiations for the signing of a double-taxation avoidance agreement and another on investment encouragement and protection.
He asked the African nation to facilitate the issuance of licenses for Vietnamese workers at Halotel, whilst ensuring security and protecting the assets of the Vietnamese firms in the country.
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