Ethiopia announced that it would welcome more Vietnamese investors in the trade and manufacturing sectors. It said it would offer attractive incentive packages for the Vietnamese companies and entrepreneurs especially for those who would engage in priority sectors. Vietnamese business delegation which is composed of 50 businessmen discussed with Ethiopian officials about potential investment areas and opportunities in Ethiopia.
The Ministry of Health has reported that more than 40 percent of the medicines supplied for domestic consumption are produced domestically.
Ethiopia attracted $700 Million in Foreign Direct Investment (FDI) during the first quarter of the fiscal year that started in July this year, the Ethiopian Investment Commission reported. The figure stands at 70 percent of the planned a billion-dollar target for the period.
Ethiopia’s Ministry of Trade disclosed the country earned 2.31 Billion USD from the export of agricultural, manufacturing and mining products during the first 10 months of the current fiscal year. However according to Public Relations Head at the Ministry, Amakale Yimam, the performance is below the target, which is 3.34 billion USD.
Ministry of Culture and Tourism (MoCT) disclosed Ethiopia has earned 2.6 billion USD from tourism in the first 9 months of the current fiscal year.
