President of Vietnam visits Mozambique to promote business

10 March 2016

The President of Vietnam, Truong Tan Sang, Wednesday in Mozambique began a tour of three countries focused on economic and trade partnerships, according to international press reports.

Several ministers and officials of the National Bank of VIetnam and the Vietnam Chamber of Commerce and Industry are part of the delegation of the Vietnamese head of state.

Vietnam and Mozambique established diplomatic relations in June 1975 and have maintained a close relationship, according to the Vietnamese press.

Currently, Viettel Group and Hapro ( “Hanoi Trade Corporation”) are investing in Mozambique in the areas of telecommunications and trade.

In 2015, the trade between Vietnam and Mozambique reached US$66.1 million, of which US$59.6 million were exports of Vietnamese products.

Truong Tan Sang’s international tour, which also includes Tanzania and Iran, will continue until Tuesday, 15 March. (macauhub/MZ)