Vietnam, African countries partner in youth investment

Speaking at the event, VUFO Vice President Bui Khac Son shared several successful youth business models in Vietnam, including start-ups and new-style rural development, saying that they not only improve young people’s income but also generate jobs for other workers. 

The VUFO and Vietnam-Africa Friendship and Cooperation Association are ready to help countries worldwide learn about start-up models and outstanding young businesspeople in Vietnam. 

He expressed hope that more exchanges will be held among young people and entrepreneurs to share experience, contributing to socio-economic development. 

Mozambican Ambassador to Vietnam Gamiliel S.J Munguambe said Africa is home to the youngest population with nearly 200 million aged 15-24, which is expected to double in the next three decades. 

In the future, African economies will face a high unemployment rate with nearly 60 percent being young people, not to mention concern over unfair access to health care, education and social services. 

Participants shared opinions about promoting cooperation initiatives between African embassies and research institutes in Vietnam.