Egyptian Minister of Investment Mahmoud Moheildin is expected to arrive in Hanoi on January 23 to start his four-day visit trip to promote investment opportunities in Egypt as well as enhance business cooperation between the two countries.

A delegation of 30 enterprises is accompanying him. They operate in the fields of financial services, construction, transportation and logistics, pharmaceuticals, communications and information technology, food and tourism. The delegation will meet senior governmental officials and Vietnamese enterprises to further boost investment and trade between the two nations.

The minister was invited by the Vietnamese Government to visit following a recent meeting with the Governor of Vietnam’s central bank, Nguyen Van Giau, in Cairo, where they discussed ways to enhance bilateral economic cooperation. The meeting also provided an opportunity for the minister to review Egypt’s economic performance and programmes to renovate the investment climate in Egypt.

He also met with Vietnamese Ambassador to Egypt, Pham Sy Tam. They discussed plans to create effective channels to enhance the bilateral economic and investment cooperation in the context of Vietnam achieving significant economic developments in recent years. The meetings also covered policies to promote investment in Egypt and proposed technical cooperation between the two nations.

Over the past years, Egypt has seen significant advances in trade and investment promotion with East Asian countries, notably in the areas of infrastructure development, fisheries, food and pharmaceutical industries./.