Mozambique: Nyusi Invites Vietnamese Businesses to Invest

Maputo – Mozambican President Filipe Nyusi on Saturday invited Vietnamese businesses to invest in Mozambique.

He was speaking in Maputo at a Mozambique/Vietnam Business Forum, which was also attended by the Vietnamese President, Truong Tan Sang, on the second day of a three day state visit to Mozambique.

“I am addressing a special invitation to those Vietnamese business people here today, and to those who did not have the opportunity to be here, to come and invest in Mozambique, alongside Mozambican partners”, urged Nyusi.

This invitation arose in recognition of Vietnam’s experience in producing such goods as rice, clothing, footwear, electrical appliances, and fishing gear.

Nyusi challenged Vietnamese companies to include in their business initiatives projects to process locally Mozambican natural resources, thus creating jobs and increasing household income.

He added that the government is also interested in learning from Vietnam’s experience in reviving coastal shipping.

The Mozambican coast is over two and a half thousand kilometers used, and would be a cheap transport option for moving goods from one end of the country to the other, but currently little use is made of this option.

Nyusi said that, in order to attract investment and establish strategic partnerships, the government is committed to speeding up reforms that will improve the competitiveness of the national economy.

“These reforms are intended to simplify the bureaucratic circuits in the services provided by the state which affect companies”, he said. “They are reforms which seek to increase the viability and sustainability of all types of companies, but particularly the small and medium enterprises, which can create jobs, involve young entrepreneurs and improve the living conditions of many Mozambicans”.

For his part, Truong described Mozambique as a great partner in Africa, a potential market, with many business opportunities.

“On our side, there is no hindrance”, he said, “Don’t worry about the political determination of the two governments/ I am sure that, with our friendship and cooperation, investment will have more success in the future”.

Truong was sure that trade between the two countries would rise from 100 million to 500 million US dollars in the near future.

Source: EMM