Story by Stanley James, Business Editor
VIETNAM has expressed keen interest in expanding its investment footprint in Zimbabwe, with focus areas including mining, agriculture, infrastructure, and manufacturing.
This follows a high-level engagement held between Vietnam’s Prime Minister, His Excellency Mr Pham Minh Chinh, and Zimbabwe’s Vice President, General (Rtd) Dr Constantino Chiwenga, on the sidelines of the G20 Leaders Summit in Johannesburg, South Africa.
The development reflects the growing success of Zimbabwe’s engagement and re-engagement drive, underpinned by the ‘Zimbabwe is Open for Business’ mantra, which continues to attract global investors.
“We mainly discussed the tangible benefits for the two countries, we also focused on the signing of cooperation agreements, and we will soon make some follow-ups on the existing agreements, because our economies can complement each other. We are also looking into investing in strategic sectors,” Mr Chinh said.
Strengthening of existing bilateral ties and commitment to implement signed agreements also took centre stage during the high-level engagements.
Although Zimbabwe is participating as an invited guest, the country is using the G20 Leaders Summit to attract more Foreign Direct Investment (FDI) and global capital flows.
The G20 Summit brings together global leaders to advance cooperation on inclusive growth, sustainable development, climate action and partnerships.
