HANOI, Mozambican Prime Minister Carlos Agostinho do Rosario has declared that a combination of Mozambique’s potential and Vietnam’s experience in socio-economic development can help raise economic co-operation between the two countries to the same level as their excellent political relations.

Speaking at a banquet offered by his Vietnamese counterpart, Nguyen Xuan Phuc, on the second day of his official visit to Vietnam Tuesday, Rosario added that, with greater participation by businesses, both publicly and privately-owned, Mozambique and Vietnam can capitalise on their potential with advantages for both countries.

We believe that, with the strengthening of our co-operation, we will be able to obtain mutually advantageous gains, taking into account that Vietnam has a long experience in the four areas which Mozambican has chosen as catalysts, particularly agriculture,” he Prime Minister said. The other three key areas are tourism, energy and infrastructure.

Rosario stressed that Mozambique had vast agricultural potential with about 36 million hectares of arable land, of which only 5.4 million hectares were under cultivation.

The government had chosen the four catalysts, he said, in order to maximise the potential and the opportunities that our country presents, so as to increase agricultural production and productivity, with our eyes fixed on food and nutritional security as well as on increasing exports.

Other key objectives, Rosario said, were to make Mozambique a world class tourist destination; to increase the country’s energy generating capacity so that it can meet domestic demand and export power to other southern African countries; and to improve transport logistics, while making Mozambique a key link between southern Africa and the rest of the world.

Rosario believed that pursuing these actions will contribute to diversifying the country’s productive base, alongside the exploitation of its abundant mineral resources. This, he said, will allow the creation of more jobs, generate income, and make our economy resilient to adverse shocks.