Tanzania has extended an invitation to Vietnamese investors to explore opportunities in various sectors, including agriculture, infrastructure, mining, technology, communications, and the blue economy. The call was made by Deputy Minister for Foreign Affairs and East African Cooperation James Millya during the Tanzania-Vietnam Business Forum in Dar es Salaam. The forum brought together businesspeople, investors, and stakeholders from both countries to discuss potential collaborations. Millya emphasized Tanzania's readiness to work with Vietnamese companies in multiple productive sectors.
The Tanzanian government is undertaking significant infrastructure development to create a conducive environment for business and investment. This includes upgrades to railways, ports, electricity, industrial parks, and air transport. Millya stated that Tanzania welcomes Vietnamese investors to capitalize on available opportunities, promoting mutually beneficial trade and investment. He expressed optimism about the potential for cooperation between the two nations.
Vietnamese Deputy Minister for Agriculture and Environment Nguyen Hoang Hiep led his country's delegation to the forum. He indicated Vietnam's willingness to cooperate with Tanzania beyond communications, particularly in modernizing agriculture through technology. Hiep emphasized the need for clear implementation plans to ensure that cooperation yields practical results.
The business forum provided a platform for institutions and companies from both countries to showcase investment and business opportunities. Presentations were made by the Tanzania Investment and Special Economic Zones Authority, Cashew Board of Tanzania, Tanganyika Instant Coffee Company, National Irrigation Commission, and Vietnamese companies Intimex, VinGroup, and Philimex.
Deputy Minister Millya highlighted Tanzania's focus on agriculture and agro-processing, trade, technology, infrastructure, mining, irrigation, aquaculture, and other productive sectors. He reiterated the government's commitment to creating a favorable business environment. Millya's statements reflected Tanzania's eagerness to strengthen economic ties with Vietnam.
The Tanzania-Vietnam Business Forum aimed to foster collaboration and knowledge sharing between the two nations. Nguyen Hoang Hiep's comments suggested a mutual interest in exploring areas of cooperation. The event facilitated dialogue between stakeholders, paving the way for potential partnerships.
Key sectors of interest for collaboration include agriculture, infrastructure, and mining. The Tanzanian government's efforts to improve infrastructure and business conditions are expected to attract Vietnamese investors. Three key points emerged: Tanzania's invitation to Vietnamese investors, the focus on infrastructure development, and the potential for cooperation in modernizing agriculture.
Key points
- Tanzania invites Vietnamese investments in multiple sectors
- The two countries aim to expand trade and investment ties
- Infrastructure development is underway to create a conducive business environment
