MWE Correspondent
The Vice President of the United Republic of Tanzania, Dr. Philip Mpango, has officially invited the Socialist Republic of Vietnam to explore investment opportunities in Tanzania—particularly in agriculture, textile manufacturing, and other key production sectors.
Dr. Mpango extended the invitation during a bilateral meeting with Vietnam’s Deputy Prime Minister, Ho Duc Phoc, on the sidelines of the Fourth International Conference on Financing for Development (FfD4), currently taking place in Seville, Spain.
During the discussion, Dr. Mpango emphasized that Tanzania offers a conducive environment for investors, backed by stable economic policies, political peace, and abundant natural resources that are yet to be fully utilized in industrial production. He stressed that agriculture remains the backbone of Tanzania’s economy and that the sector is open to partnerships that will bring in capital, technology, and value-added production.
“Vietnam has achieved remarkable success in industrialization and agricultural productivity. We encourage them to partner with us in technology sharing and industrial growth,” said Dr. Mpango.
In response, Deputy Prime Minister Phoc expressed Vietnam’s commitment to strengthening ties with Tanzania and promised to encourage Vietnamese investors to explore African markets—particularly Tanzania—as a gateway to the broader East African Community (EAC) and the Southern African Development Community (SADC).
The meeting reflects Tanzania’s proactive approach in promoting economic diplomacy through global platforms like FfD4, which brings together government leaders, international finance institutions, the private sector, and development agencies to discuss ways of financing the Sustainable Development Goals (SDGs).
As a member of the United Nations, Tanzania continues to seek meaningful international partnerships that foster growth through foreign direct investment (FDI), technology transfer, and regional trade.
Vietnam, one of Asia’s fastest-growing economies, is seen as a success story in industrial and economic transformation. The Southeast Asian nation is well-positioned to become a long-term partner in Tanzania’s goal to accelerate industrialization and achieve middle-income status by 2030.
