Business

Measures sought to boost Vietnam-Egypt economic cooperation

The Vietnamese Embassy in Egypt, in collaboration with the Alexandria Chamber of Commerce, held a workshop on economic and trade potential between the two countries on December 17, aiming at paving the way for both countries’ businesses to fully tap their potential.
Measures sought to boost Vietnam-Egypt economic cooperation ảnh 1Nguyen Duy Hung, First Secretary at the Vietnamese Embassy, delivers speech on potential for economic and trade cooperation between Vietnam and Egypt (Source: VNA)

Cairo (VNA) – The Vietnamese Embassy in Egypt, in collaborationwith the Alexandria Chamber of Commerce, held a workshop on economic and tradepotential between the two countries on December 17, aiming at paving the wayfor both countries’ businesses to fully tap their potential.

At the event, local businesses showed their interest in Vietnam’sfarm produce, including cashew nuts, pepper and coffee, as well as electronic productsand computer components.

As Alexandria is a famous port city, its enterprises wantedto cooperate with Vietnam in maritime transportation and logistics.

Nguyen Duy Hung, First Secretary at the Vietnamese Embassy, delivered a speech on the potential for economic and trade cooperation betweenthe two countries.

He also answered Egyptian firms’ questions on Vietnam’spolicies and incentives.

Deputy head of the Alexandria Chamber of Commerce AhmedHassan suggested the two nations intensify collaboration in logistics,aquaculture, agriculture and garment and textiles.

Along with bilateral cooperation, they can switch to atripartite cooperation model, which uses materials and spare parts from Vietnamto make products in the Suez Canal Economic Zone for export to third countries,said Hassan.

Egypt wants to expand the export of cotton and fresh fruitsto Vietnam, he stated, proposing Vietnamese businesses export IT software andhardware, mobile phones and spare parts to his country.

Earlier, within the framework of his working visit toAlexandria – the second largest city of Egypt, Vietnamese Ambassador Tran ThanhCong met with the city’s Governor Mohammed Taher El-Sherif, during which they sharedthe view that bilateral trade cooperation still fails to match existingpotential.

They expressed hope for promoting collaboration in numerousfields through the opening of a direct air route between the two countries andthe twinning between Alexandria and a Vietnamese locality.

They also stressed the need to speed up the organisation ofactivities, forums and seminars to connect both sides’ enterprises.

The Vietnamese working delegation also worked with theAlexandria Chamber of Commerce to discuss measures to boost two-way tradeamidst the COVID-19 pandemic./.
VNA
#Vietnamese Embassy in Egypt #Alexandria Chamber of Commerce #economic and trade potential #Vietnam #Egypt #Vietnamplus #Vietnam News Agency Egypt Vietnam
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