Vietnamese, Japanese firms partner to support Mozambique’s development
The Government of Vietnam welcomes and will facilitate the cooperation between Vietnamese and Japanese businesses in Mozambique to help with local development, a diplomat has said.
The seminar is held by the Vietnamese Embassy in Mozambique in Maputo on October 9 (Photo: VNA)
Hanoi (VNA) – The Government of Vietnam welcomesand will facilitate the cooperation between Vietnamese and Japanese businessesin Mozambique to help with local development, a diplomat has said.
Vietnamese Ambassador to Mozambique Le Huy Hoangmade the remark at a seminar in Maputo on October 9 that discussed ways tobolster economic and investment partnerships between Vietnamese and Japanesefirms in the African nation.
The event was attended by representatives of theJapanese bio energy firm NBF, the Japanese-invested agricultural developmentcompany in Mozambique ADM, Movitel – a telecom joint venture of Vietnam’smilitary-run telecom group Viettel in Mozambique, and many other Vietnamesebusinesses.
Hoang congratulated Movitel and ADM – twoleading Vietnamese and Japanese firms in Mozambique – on their recentsuccessful partnership and being chosen by the World Bank to carry out three ofthe six components of a project on improving the life quality and financialaccess for the poor in remote areas of Mozambique.
He added the Vietnamese and Japanese governmentshave been encouraging cooperation between businesses and relevant agencies oftheir countries to assist Mozambique to promote socio-economic development.
The diplomat also briefed participants about thesuccess stories and cooperation experience of Vietnam and Japan in Mozambique,including the collaboration between Vietnam and the Japan InternationalCooperation Agency (JICA) in implementing a trilateral project to helpMozambican people improve rice productivity.
Tasuku Futamura, a representative of ADM, andKoji Hanawa, First Secretary in charge of economic affairs at the JapaneseEmbassy in Mozambique, gave more details about the ADM-Movitel partnership incarrying out the WB project. They spoke highly of Movitel’s capacity andstrength, expressing their hope for more support from the two governments forthe project implementation.
Movitel and ADM have been carrying out the firstcomponent of the WB project in Nampula province since July 2018. The firstphase, scheduled to last for three years, aims to provide financial transactionservices for 100,000 local low-income households with over 1 million USDtransacted each month./.
Movitel, Viettel Group's joint venture in Mozambique, has been chosen as one of partners for a World Bank (WB) project to improve living standards and access to financial packages for the poor in rural and remote areas in the African country.
Party General Secretary and President Nguyen Phu Trong on August 12 cabled his congratulations to President of Mozambique Filipe Jacinto Nyusi on the signing of the Maputo Peace and Reconciliation Agreement.
Vietnamese Ambassador to Mozambique Le Huy Hoang briefed staff and students of the Joaquim Chissano University on the situation in Southeast Asia and Vietnam’s foreign policy during a lecture as part of his visit to this school on August 15.
Minister of Agriculture and Food Security of Mozambique Higino Francisco de Marrule has highly valued Vietnam’s practical support for the African nation in various spheres over the past years.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.