Hanoi (VNA) – Tanzania is an area capable ofmeeting Vietnam's needs in terms of raw materials and fuel supplies,diversifying export markets for goods, services, human resources andinvestment, said Vietnamese Ambassador to the African country Nguyen Nam Tien at arecent hybrid investment forum.

The July 21 event attracted the participation of more than publicpersonnel from the two countries as well as representatives of their businesscommunities. It was co-organised by the embassy, Tanzania Investment Center(TIC), Institute for Africa and Middle East Studies (IAMES), and Vietnam-AfricaEconomic Alliance (VAECA).

In his opening speech, Tien affirmed that the nations have muchpotential for cooperation and complementary advantages for mutual development.

According to the diplomat, Vietnam and Tanzania have createda legal framework as a basis for collaboration, with Vietnamese enterprises lookingfor investment opportunities in Tanzania. However, the bilateral economic andtrade relations remain modest and are not commensurate with their potential.

He expressed his wish that through this networking forum, participatingbusinesses will take advantage of opportunities, promote strengths, andovercome difficulties and challenges to enhance exchanges serving theimplementation of effective and practical cooperation projects.

Tien stated that the embassy always stands ready to be abridge linking the business communities.

Vietnamese and Tanzanian participants introduced their capacitiesand discussed matters of common interest in trade and investment at the event./.