Mozambique seeks investment from Vietnamese firms

The Mozambican government has promised support to Vietnamese companies investing in the country, news website thoibaokinhtesaigon reported Friday.

Minister of Planning and Development Aiuba Cuereneia said at the Vietnam – Mozambique Business Forum held in Ho Chi Minh City Friday that his government would consider building at least one special economic zone for Vietnamese firms operating in the agricultural sector in his country.

Vietnamese businesses investing in Mozambique will not have to pay income tax until 2015 and get a 50 percent waiver for the next five years.

The African country is soliciting Vietnamese investment in processing agricultural and seafood produce, fishing, mining, telecom, and infrastructure.

It is among Vietnam’s top 10 export markets in Africa, with the main products being rice, cement, electrical components, and wood products.
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Representatives from the two countries at the Vietnam - Mozambique Business Forum in HCMC on June 14Representatives from the two countries at the Vietnam – Mozambique Business Forum in HCMC on June 14
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