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Vietnam moves to strengthen its presence in Cameroon

Vietnam moves to strengthen its presence in Cameroon
  • Comments   -   Monday, 04 November 2019 20:02

(Business in Cameroon) - Last week, Voung Dinh Hue, Vietnam's Deputy Prime Minister, led a large delegation of Vietnamese economic operators to Cameroon. On 1 November 2019, the delegation met with Cameroon’s Prime Minister Joseph Dion Ngute.

Although no major announcements were made following this visit, the head of the Vietnamese delegation did not hide his country’s intention to strengthen its presence in Cameroon, in the rice sector particularly.  

According to authorized sources, one of the main reasons for this visit is the Nexttel case. Indeed, for several months, this mobile phone company, the first operator to obtain 3G in Cameroon, has been at the centre of a battle between the Vietnamese group Viettel Global, its majority shareholder, and Cameroonian billionaire Baba Danpullo, the minority shareholder because each of the two partners wanted to take exclusive control of Nexttel.  

BRM

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