Hanoi, Vietnam — 18 June 2013 – Exports of natural resources such as natural gas and coal from Mozambique are still being held back by an ongoing and worsening lack of supporting logistics, such as port, rail and road facilities
During the Mozambique-Vietnam Business Forum in the cities of Hanoi and Ho Chi Minh, Mozambican minister for planning and development Aiuba Cuereneia said that, as well as building this infrastructure, his government also had the challenge of developing a business and sector programme focused on innovation and productivity in the public and private sectors.
Quoting daily newspaper Notícias, Macauhub News Agency reports that the minister said that it was necessary to ensure better use of information on production and prices in a low inflation scenario, to offset a rise in value of Mozambique’s currency and to help maintain and increase the country’s competitiveness.
“We have to process our natural resources locally with a view to reducing imports and increasing exports, thus contributing a surplus to the balance of payments, posting and increasing national wealth, reducing poverty levels in all social classes and turning Mozambique into a middle income country,” he said.
The business forum between the two countries is the result of an agreement between the Mozambican minister for planning and development and his Vietnamese counterpart when the Mozambican minister visited Vietnam in October 2012.
Source: Macauhub News Agency. For more information, click here.