For a long time, the agriculture sector has held the economy of Ethiopia. Agriculture is a backbone of many African economies with its contribution and dependency proving to be vital. It has created employment opportunities being a primary source of income for many citizens. Most government revenues accrued are from the agricultural product exports.
East African nation Ethiopia has attracted the interest of foreign companies since its will to open its economy for business. The strategy to boost foreign investments has paid off as entrepreneurs flock to the promising market. Earlier this year, the rate of Turkish investors venturing into the business market was high due to business incentives.
The Government of Ethiopia has urged more investors to research on the vast array of business opportunities available in the various economic sectors. The Parliament is ready to carry out business with as many partners as possible to build a stronger economy. Likened to the economic history of China, Ethiopia possesses the attributes to be the investment destination in Africa for the global market. Its strategic position to serve businesses around and across the continent makes it competitive.
Vietnamese investors have been urged to set up more companies to seize opportunities in the manufacturing sector. The Government has promised to work on building a sustainable economy for ease of doing business and creating a conducive business environment for businesses to thrive. Vietnamese firms look to invest more in the energy sector, agriculture and construction. The availability of industrial parks should help them settle in fast to the rapidly growing market. Their presence will undoubtedly create more employment opportunities for the citizens and increase the country’s productivity.
As the country looks to increase the trade volume, this would be the first step to its objectives. It will star the performance of the local currency to soar in the international markets. The Government will rake in handsome revenues for the national budget and fund its project. Trade opportunities boost the country’s status with the disposal of a variety of products in the market for the consumers.
The ‘China of Africa’ will boost the bilateral relations with Vietnam, strengthening their partnership.