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VCCI News

Last updated: Friday, December 15, 2017

 

Vietnam-Angola: Priority for Cooperation and Investment in Agriculture

Posted: Friday, May 05, 2017

Vice President of Vietnam Chamber of Commerce and Industry (VCCI), Dr Doan Duy Khuong, recently had a meeting with Mr Georges Rebelo Chikoti, Minister of Foreign Affairs of Angola, and his delegation on the occasion of their working visit to Vietnam.

Mr Khuong believed that after this visit, the two countries' relationship will develop to new heights and there will be many projects and new directions for business cooperation between Vietnam and Angola.

Foreign Minister of Angola highly appreciated the achievements in many aspects and many areas that Vietnam has achieved in recent years, and expressed the desire to strengthen and develop the traditional friendship between the two sides. In particular, he emphasized the fields of needs and strengths of the two sides, such as agriculture, education, health, telecommunications, oil and gas, etc.

Angola is a country in the process of development, so there are many opportunities to invite foreign investors with many preferential policies. The strengths of the Angola economy that foreign investors can exploit are good timber reserves, oil and gas, diamonds, gold, iron and minerals.

The Government of Angola's innovation policy focuses on four main pillars: agriculture, minerals, fisheries and industry. It has created jobs and promoted economic development and reduced import rates. Also, in agricultural sector, Angola currently has 35 million hectares of agricultural land but only 10 percent of it is cultivated. The Angolan government has also given many preferential policies to cooperate with foreign investors to develop the key economic sectors in such industries as: fish feed production, fish oil production and processing salt, etc. Meanwhile, Vietnam is one of the few countries in the world with experience and advantages of developing large agriculture, so the potential for development cooperation between Vietnam and Angola is quite feasible.

According to Mr Khuong, in the future, the two sides need to strengthen the exchange of mutual understanding in many fields. Angola needs to focus on infrastructure investment and trade policy development, which in turn will attract more foreign investors to participate in the operation of the economy.

Dr Khuong also proposed cooperation mechanism between Angola-Vietnam Chambers of Commerce, creating favourable conditions for business communities to exchange, explore and share investment opportunities in industries. He also expressed his hope that the Angolan government would create more favourable conditions for Vietnamese goods to penetrate more deeply into the Angolan market for food, foodstuffs, consumer goods and construction materials and exchange of business delegations to explore the market, attend trade fairs, exhibitions, seminars and bilateral business forums to further connect and understand each other.

Anh Phuong

 








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