Industry And Cluster | News & Insights

Vietnam and Tanzania are looking to expand bilateral investment cooperation

Published: August 12, 2021
Author: Manali bhanushali
Vietnam Ambassador to Tanzania Nguyen Nam Tien stated that Vietnam is eager to share its socioeconomic development experience and lessons with Tanzania, particularly in attracting foreign investment and expanding the textile, footwear, and fisheries industries.
On August 10, during a meeting with Tanzanian Minister of Investment Geoffrey Mwambe, the Vietnamese diplomat proposed that the two sides complete legal frameworks for bilateral investment activities, as well as specific cooperation orientations and plans between the two countries in agriculture, education, and infrastructure development.
Vietnam’s ambassador to Tanzania, Tien Mwambe, has expressed his delight at the development of friendly and cooperative relations between the two States. He affirmed that Vietnam and Tanzania have always been brothers and partners which have often supported and helped each other in the past struggles for national independence as well as in the cause of national construction at present. The ambassador emphasised the role of Viettel Tanzania Company (Halotel) in creating jobs, raising incomes and improving the lives of Tanzanians.
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