return icon

New momentum for relations with Tanzania, Mozambique, Iran

 President Truong Tan Sang’s freshly concluded tour of Tanzania, Mozambique and Iran is expected to create a new impulse to step up economic and trade ties between Vietnam and these countries, said Deputy Foreign Minister Vu Hong Nam.

President Truong Tan Sang’s freshly concluded tour of Tanzania, Mozambique and Iran is expected to create a new impulse to step up economic and trade ties between Vietnam and these countries, said Deputy Foreign Minister Vu Hong Nam.


President Truong Tan Sang attends Vietnam-Iran Business Forum.

The official told the press following the President’s State visits to the countries from March 9-15 that bilateral trade between Vietnam and the African and Middle Eastern nations has remained modest, with 204 million USD recorded with Tanzania in 2015, 66 million USD with Mozambique and 107 million USD with Iran.

But these relationships hold substantial potential for increased cooperation, he said, stressing the need for a new leverage to awaken their potential and advance economic and trade links.

During the President’s trip, businesses from the host countries extended their hopes to set up investment ties with Vietnam, according to Deputy FM Nam.

President Truong Tan Sang and foreign leaders reached consensus on priority areas of cooperation and fundamental measures to boost bilateral trade ties.

Accordingly, trade between Vietnam and Tanzania is expected to hit 1 billion USD in 2020; Mozambique, 500 million USD; and Iran, 2 billion USD.

Vietnam will mainly ship rice, farm produce, seafood, clothing and footwear to Tanzania, Mozambique and Iran, while importing cashews, animal feed, cotton, waste iron, steel, timber products, fertilisers, plastic materials and machinery from them.

The Vietnam-Mozambique Inter-governmental Committee is expected to have its fourth meeting in Maputo in 2016. The ninth Vietnam-Iran Inter-governmental Committee will meet in Tehran and the second Vietnam-Tanzania Inter-governmental Committee will meet in Dar Es Salaam.

The leaders also agreed to continue their mutual support at international forums.

The foreign countries said they backed Vietnam’s bid to secure a non-permanent seat in the UN Security Council for 2020-2021 and join the International Law Commission for 2017-2021.

The leaders took a look at regional and global issues, and affirmed their resolve to cooperate with each other in handling global matters regarding peace, stability and development such as terrorism, non-traditional security issues and climate change.

Mentioning the East Sea situation, the foreign countries showed their strong support for Vietnam’s views to address the disputes and conflicts by peaceful measures on the basis of international law and regulations stipulated in the UN Charter, including the 1982 UN Convention on the Law of the Sea.

Deputy FM Nam noted that the tour resulted in the signing of a range of important cooperation agreements in education, banking, oil and gas.

Three business forums were held as part of President Truong Tan Sang’s trip, attracting the participation of local businesses. The forums created opportunities for the two sides’ enterprises to exchange information and seek out partners, Nam said.

The visits have affirmed the Vietnamese Party’s and State’s guidelines of continuing to consolidate and deepen ties while expanding foreign relations of multilateralisation and diversification.

The trip’s success will serve as a firm foundation to elevate relations between Vietnam and Tanzania, Mozambique and Iran to a new height, he said.



Vietnamese retail market appealing to foreign investors

The nation is becoming an attractive retail market for companies globally with many regional and global FDI investors recently revealing their plans to increase capital and expand distribution networks here.

Eel porridge evokes hometown nostalgia

A warm bowl of Quang-style eel porridge with a fragrant aroma not only can win the hearts of diners, but also create nostalgia for the Quang people who live far from home.

Vietnamese banks that 'disappear' from the market

Some banks used to be very popular, with hundreds of thousands of customers, but they gradually disappeared from the market because of many reasons.

Discovering Hanoi’s famous incense making village

The craft village with a tradition of more than 100 years impresses visitors for its space that is filled with vibrant colors such as blue, red, yellow, etc. of beautifully shaped bouquets of incense.

Vietnam to reassert its position on the world coffee map

Vietnam is the world's second largest coffee exporter, but its impact on the world coffee market is not commensurate with its position, experts say.


Coffee exports to Netherlands enjoy three-digit growth

Youngest female Vietnamese Associate Professor receives Kovalevskaia Awards 2022

Prof. Dr. Le Minh Thang on March 7, 2023 was presented the 2022 Kovalevskaia Awards 2022 by Prime Minister Pham Minh Chinh.

Third pedestrian street opens in Hue City

The Hai Ba Trung Pedestrian Street was opened on Sunday evening in Hue City, becoming the third walking street in the central province of Thua Thien-Hue.

Entertainment and cultural events of the week (March 27-April 2)

Entertainment and cultural events in Vietnam's major cities on March 27-April 2.


Vietnam wins 17 prizes at International Robothon 2023

K'Duong breaks three youth weightlifting world records

Vietnamese weightlifter K'Duong broke three youth 55kg world records during the 2023 International Weightlifting Federation (IWF) World Youth Championships on March 26 which is taking place in Albania.

Struggling hoteliers seek Government support to revive from COVID-19 crisis

Small- and medium-sized hotels in HCM City are struggling with low occupancy rates and labour shortages, and are in need of support to recover from a COVID-19-induced slump, according to the municipal Department of Tourism.

Lion Championship MMA returns, first fight in Hanoi on April 1

The second season of the Lion Championship mixed martial arts will be back with great fighters and frightening fights in April.

Driftwood space launches in Hoi An

The first ever wood recycle space – driftwood village’s studio – has been launched in the ancient’s Cam Ha Commune on the most favourite bicycle riding road connecting the Old Quarter and An Bang beach.

Hoi An to host International Choir Competition

The event has received registrations from 20 teams representing nine countries and territories, and will feature 13 events with eight grades held at the city’s theatre.