Fri. May 27th, 2022

Two-way trade turnover between the Republic of Djibouti and Vietnam is
expected to reach between 50-100 million USD in the next five years,
Rachad Farah, Special Envoy of the President of Djibouti, has said.

The figure reached only 4 million USD in 2012, he told Vietnam News
during his four day visit to Vietnam, which ended on July 29.

He said it is time for Djibouti and Vietnam to promote bilateral
relations, particularly cooperation in the fields of agriculture,
textiles and student exchanges.

A delegation of officials and
businesspeople from Djibouti are scheduled to visit Vietnam this
November to seek investment and cooperation opportunities with
Vietnamese partners.

Djibouti is strong in the
services sector, has a good banking system and its excellent ports
benefit from the country’s free trade regime, Djibouti could also serve
as a transit base for Vietnamese products entering other markets in
Africa, and the Middle East, said the diplomat.

cooperation agreement in education, culture and science and another
agreement on economic cooperation are expected to be signed soon by both

This visit included the first
Djibouti Ambassador to Vietnam, who will present his credentials to
President Truong Tan Sang by November this year.

“This step is expected to boost bilateral cooperation between the two
countries and we also hope that Vietnam will soon send an ambassador to
Djibouti,” he said.

The East African country was
also keen to learn from Vietnam’s experience in promoting women’s role
in various areas, including politics, society and economics, he added.-VNA

By vivian