Egyptian investors eye Vietnam market
The Egyptian Minister of Investment
Mahmoud Mohieldee is expected to visit Vietnam for market survey from
January 23-26, said the Vietnam Chamber of Commerce and Industry
(VCCI).
The Egyptian Minister of Investment
Mahmoud Mohieldee is expected to visit Vietnam for market survey from
January 23-26, said the Vietnam Chamber of Commerce and Industry
(VCCI).
The VCCI added he will be accompanied by a number of senior officials and executives of 30 leading businesses in finance-banking, construction, delivery and transport, pharmacy, electronics, information technology, food industry, tourism, fisheries, fertilisers and chemistry.
His itinerary in Hanoi includes a business forum scheduled for January 25 to provide opportunities for businesses from the two countries to expand partnerships.
The Egyptian minister is likely to present his Government’s incentives on investments, trade and tourism.
Commercial Counsellor to Egypt Dang Ngoc Quang said bilateral trade relations have grown steadily over the past years with trade surplus bent on the Vietnam side.
The Southeast Asian nation last year earned 165 million USD from exports to the African market while its import value was estimated at 20 million USD.
Vietnam expects to increase its export turnovers by 25 percent to 200 million USD this year.
Aquatic products often make up 30 percent of Vietnam ’s hard currency earners, including pepper, coconut, coffee and rice, regarding the Egyptian market./.
The VCCI added he will be accompanied by a number of senior officials and executives of 30 leading businesses in finance-banking, construction, delivery and transport, pharmacy, electronics, information technology, food industry, tourism, fisheries, fertilisers and chemistry.
His itinerary in Hanoi includes a business forum scheduled for January 25 to provide opportunities for businesses from the two countries to expand partnerships.
The Egyptian minister is likely to present his Government’s incentives on investments, trade and tourism.
Commercial Counsellor to Egypt Dang Ngoc Quang said bilateral trade relations have grown steadily over the past years with trade surplus bent on the Vietnam side.
The Southeast Asian nation last year earned 165 million USD from exports to the African market while its import value was estimated at 20 million USD.
Vietnam expects to increase its export turnovers by 25 percent to 200 million USD this year.
Aquatic products often make up 30 percent of Vietnam ’s hard currency earners, including pepper, coconut, coffee and rice, regarding the Egyptian market./.
You should also see
📝 OP-ED: Party personnel work requires thorough checks
Officials, Party members, and people are concerned about how the Party will select the leadership capable of shouldering the immense revolutionary tasks entrusted by the history, General Secretary Nguyen Phu Trong said at the first meeting of the sub-committee on personnel affairs of the 14th National Party Congress on March 13.
See more
Business
SBV takes more actions to stabilise foreign exchange rates
The State Bank of Vietnam (SBV) on April 23 took some moves like issuing treasury bills (T-bills), further employing T-bills as an open market operation (OMO), and stipulating liquidity and interest rates in the inter-bank market in the face of surging USD/VND exchange rates.
Business
Businesses concerned about rising exchange rate pressure
Though the State Bank of Vietnam (SBV) has announced it is selling the US dollar to intervene in the USD/VND exchange rate since April 19, the greenback price has remained high, which has been directly affecting many domestic enterprises.
Business
Pepper prices continue increase trend
Pepper prices are forecast to soon exceed 100,000 VND per kilo on the domestic market.
Business
French auction house to open office in Vietnam
France’s Millon Auction House has decided to open its representative office in Vietnam, and is preparing necessary steps for the official opening of the office in the near future.
Business
3,400 taels of SJC-branded gold bars successfully auctioned
The State Bank of Vietnam auctioned 16,800 taels of SJC-branded gold bars in Hanoi on April 23. This is the first auction of this kind in 11 years.
