Tunisia, Vietnam Ink DTA

by Lorys Charalambous, Tax-News.com, Cyprus

22 April 2010

Economic relations between Tunisia and Vietnam, whose President Nguyen Minh Triet carried out an official visit to Tunisia on April 12 and 13, have been strengthened by the signing of a bilateral double taxation agreement between the two countries at the Tunisian finance ministry.

The agreement was signed by Moncef Bouden, Tunisia’s Secretary of State responsible for taxation, and by Pham Sy Danh, Vietnam’s deputy finance minister, during a ceremony presided over by Tunisian Finance Minister Mohamed Ridha Chalghoum.

Both parties took the opportunity to emphasize the importance of this legal framework in the development of relations between the two countries in the area of investment and in the exchange of experience and goods, given the guarantees that it accords to investors in both countries.

The volume of commercial trade between Tunisia and Vietnam has grown over the last ten years from USD10m in 2000, to nearly USD16m last year.

Both countries have great potential in the area of oil exploration, tourism and agriculture.

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