Mozambique and Vietnam sign agreement o prevent double taxation

8 September 2010

Hanoi, Vietnam, 8 Sept – The finance ministers of Mozambique, Pedro Couto and of Vietnam, Dohoang Anh Tuan, Friday in Hanoi signed an agreement to prevent double taxation, Mozambican news agency AIM reported.

The signing of the deal followed talks between the prime ministers of the two countries, Aires Ali and Nguyen Tan Dung, and was seen as an important step in raising bilateral cooperation to the same level as political and diplomatic cooperation.

Speaking at a banquet, Aires Ali said that he hoped the new deal, along with the tax benefits for foreign investment provided by Mozambican legislation, would lead businesspeople from Vietnam to invest in Mozambique.

Mozambique’s prime minister mentioned the agricultural, food processing, education, health, fishing, tourism and science and technology sectors as those in which his country planned to boost cooperation with Vietnam. (macauhub)