Vietnam, Egypt eye 1 billion USD in bilateral trade: Ambassador
Vietnam and Egypt are working together to boost bilateral trade in the hope of soon lifting the trade turnover to 1 billion USD, Ambassador Nguyen Huy Dung told a business forum held in the Egyptian city of Alexandria on June 16.
A business forum, themed “Potential for economic and trade cooperation between Vietnam and Egypt”, takes place in the Egyptian city of Alexandria on June 16. (Photo: VNA)
Cairo (VNA) – Vietnam and Egypt are working togetherto boost bilateral trade in the hope of soon lifting the trade turnover to 1 billionUSD, Ambassador Nguyen Huy Dung told a business forum held in theEgyptian city of Alexandria on June 16.
Themed “Potential for economic and trade cooperation betweenVietnam and Egypt”, the forum was co-organised by the Embassy of Vietnam inEgypt in collaboration of the Vietnamese Ministry of Industry and Trade and theAlexandria Chamber of Commerce. It provided a platform for enterprises fromboth sides to share information, explore the market of each other, and seekpartnership.
Speaking at the event, Dung highly spoke of themultifaceted relations between the two countries which saw good progress overthe last several years.
Vietnam and Egypt have huge potential for strongercooperation in various areas, such as electrical industry, textile-garment,logistics, agriculture, fishery, tourism, seaport management, marine economy,wooden furniture and gas production. But the two-way trade has failed to matchsuch potential, he said.
The diplomat noted that the two countries are coordinating toeffectively implement bilateral agreements so as to accelerate bilateral trade.
President of the Alexandria Chamber of Commerce Ahmed ElWakil, for his part, highlighted the close friendship between Vietnam andEgypt, saying that the two sides must strengthen partnership in addressing regionaland global issues, particularly in the fields of trade and economy.
Given global uncertainties caused by impacts of the COVID-19pandemic and the Russia-Ukraine crisis, the two nations should make jointefforts in removing barriers to trade and enhancing the bilateral economiccooperation in a more effective and practical manner, he stated.
Both officials agreed that the two countries need toincrease information exchange between their enterprises through business forums,trade-investment promotion workshops and trade expos, adding thatregular contacts should also be maintained between the Embassy of Vietnam inEgypt and the Alexandria Chamber of Commerce.
During the event, many participating Egyptian companiesshowed interest in various Vietnamese products, mostly those of theagriculture, fishery and comesceutical industries./.
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A business forum, themed “Potential for economic and trade cooperation between Vietnam and Egypt”, takes place in the Egyptian city of Alexandria on June 16. (Photo: VNA)
