Vietnamese Firms Urged to Invest in Africa's Mineral Projects
Vietnamese investors should pour investment into mineral projects in South Africa as well as Africa to exploit abundant mineral resource in this continent, Director of Brendthurst Foundation, Greg Mills.
South African and many other African countries boast huge mineral resource but they depends on energy and food import, he said in a recent meeting with officials from the Ho Chi Minh City People’s Committee.
He added that “With strength in the mineral sector, Vietnam can be a strategic partner of these countries”.
The director led a delegation of some South African leading officials and enterprises to visit Ho Chi Minh City last week to look for cooperation opportunities.
Vietnam’s Export of minerals will drop in 2009 due to a sharp fall in shipments of crude oil and coal which are set to serve domestic demand, the Vietnam News Agency said.
Minerals export turnover is forecast at US$5.92 billion this year, down 49.8 per cent on-year, accounting for 8.3 per cent of the country’s total export revenues. (Investment)
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