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Vietnam - Togo Trade and Investment Forum

Vietnam - Togo Trade and Investment Forum

4/13/2018

 

On April 13, 2018, at the headquarters of the Ministry of Industry and Trade, the Asia-Africa Market Department co-ordinated with the Vietnam Trade Office in Nigeria, concurrently with Togo and the Chamber of Commerce and Industry of Togo (CCIT). trade and investment in Vietnam - Togo. The workshop was attended by 50 businesses from the two countries in the fields of agricultural products, logistic, transportation, frozen seafood, handicrafts, construction materials, agricultural machines, wooden furniture.

 

At the seminar, Mr. Ngo Khai Truong, Deputy Director of Asian-African Market Department delivered a speech on bilateral trade and economic relations and shared up-to-date information on Vietnam's economic development. over the years as well as opportunities for investment cooperation between Vietnam and Togo. In 2017, bilateral trade has made a strong breakthrough with the total trade turnover between Vietnam and Togo reaching 146 million USD, of which Vietnam exports 93 million USD, increasing 90% and importing from Togo 53 million USD, an 80% increase compared to 2016. This is the highest growth of trade between the two countries in 05 years.

 

Remy Moevi, Vice President of the Togo Chamber of Commerce and Industry, delivered a keynote speech on the market and business opportunities in Togo. Togo is known as the financial center of West Africa, home to a number of regional Development and Bank Funds, such as the West African Economic Community (ECOWAS), West Development Bank BOAD ... With the advantage of the port development Lomé, Republic of Togo is one of the transit and service center of West Africa region, there is great demand for importing goods, not only to meet They are also exported to neighboring countries such as Mali, Burkina Faso and Niger.

 

Moevi emphasized that Togo's advantages include: a stable, secure environment; Togo is one of the transit and service centers of West Africa with the advantage of Lomé seaports and aviation development; tax advantages for businesses in the industrial and commercial sectors; Investment opportunities in Togo range in agriculture, minerals, tourism, energy; preferential tax incentives; Management mechanism, modern macroeconomic system.

 

At the seminar, Vietnamese businesses had the opportunity to discuss the policy of importing goods, procedures for establishment of enterprises, procedures for investment in processing plants, regulations on entry and exit of Togo. The two sides are interested in rice, cotton, cashew, timber, transportation, frozen seafood, handicrafts, construction materials, generators.

 

Source:www.moit.gov.vn