Vietnam will spend over US$2 million developing seeds to be used in large-scale rice production project in Mozambique’s Zambezia province, said the Vietnamese ambassador to Mozambique.
Nguyen Van Trung, who was speaking at the Mozambique/Vietnam Business Forum held last week in Maputo, between Mozambican and Vietnamese businessmen, also said the project aims to ensure food security in the province, which is still suffering the effects of floods that occurred earlier in the year.
The ambassador also announced Vietnamese entrepreneurs would for the first time attend the Maputo International Fair, which takes place this year from 31 August to 6 September.
Vietnam is currently involved in several projects in Mozambique, notably in agriculture, aquaculture, telecommunications and trade, and last year the country invested over US$400 million in Mozambique, following the acquisition of the country’s third mobile telephony license.
With diplomatic relations since 1975, Mozambique’s independence, the two countries posted two-way trade in 2014 of US$100 million.
The Mozambiqu/Vietnam Business Forum was organised by the Vietnamese Embassy the Association of Small and Medium Vietnamese Enterprises, in coordination with the Confederation of Economic Associations of Mozambique (CTA), the Mozambique Investment Promotion Centre (CPI) and the Mozambican Association of Small and Medium-sized Businesses. (macauhub/MZ)