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He made the comment throughout a gathering on March 23 with Gabonese Minister of Commerce Yves Fernand Manfoumbi, who’s becoming a member of a visiting financial and commerce delegation of the Worldwide Organisation of La Francophonie (OIF) led by OIF Secretary-Normal Louise Mushikiwabo.
Dien cited statistics as displaying that bilateral commerce stood at round 63.5 million USD in 2021, up 22 % from the earlier 12 months. That included 17.6 million USD value of Vietnamese exports to and 45.9 million USD value of imports from Gabon.
Regardless of the commerce progress, the income has but to match the 2 sides’ potential, he famous, including that Vietnam ships primarily rice, plastic merchandise, seafood, fruit and veggies to Gabon whereas shopping for timber, wooden merchandise, ores, and minerals from the latter.
To faucet into the 2 nations’ potential and improve their financial – commerce hyperlinks, the Vietnamese minister referred to as for elevated all-level mutual visits and optimum situations for companies to instantly meet one another when doable.
He additionally advised Gabon prioritise importing rice, medical provides like face masks and private protecting tools, and different merchandise from Vietnam.
Talking extremely of Gabon’s wealthy pure assets corresponding to oil and manganese, Dien stated this is a chance for the 2 nations to tighten commerce and funding ties, and that stronger partnership with the African nation additionally matches Vietnam’s coverage of diversifying export – import markets and materials provide sources for home manufacturing.
The Vietnamese Ministry of Business and Commerce will encourage enterprises to think about cooperation with Gabonese companions in such fields as oil and gasoline, meals, textile – garment, leather-based – footwear, and mining industries, he added.
For his half, Manfoumbi invited the Vietnamese minister and enterprises to go to Gabon in July to discover cooperation and funding alternatives within the areas his nation is prioritising.
He additionally underlined the need to activate cooperation actions at this level of time to assist each nations achieve extra momentum for post-pandemic financial restoration and improvement.
On the assembly, the officers agreed to assign personnel in control of discussing detailed coordination plans, together with the potential of signing a memorandum of understanding on the institution of a joint working group.
The 2 ministers additionally inked a letter of intent on financial and commerce cooperation between their ministries.
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