PM urges Vietnam, Egypt to increase two-way trade

Trade between Vietnam and Egypt could develop strongly from the current annual level of 400 million USD if the two sides make good use of cooperation opportunities.
PM urges Vietnam, Egypt to increase two-way trade ảnh 1Prime Minister Nguyen Xuan Phuc (R) receives Egyptian Minister of Investment and International Cooperation Sahar Nasr (Photo: VNA)
Hanoi (VNA) – Trade between Vietnamand Egypt could develop strongly from the current annual level of 400 millionUSD if the two sides make good use of cooperation opportunities.

Prime Minister Nguyen Xuan Phuc made the remarkswhile meeting with Egyptian Minister of Investment and InternationalCooperation Sahar Nasr and Admiral Mohab Mamish, Chairman of the Suez CanalAuthority and head of the Suez Canal Economic Zone, in Hanoi on August 22.

Vietnam readies to export its products to Egyptiansupermarkets chains and sell made-in-Egypt commodities in Vietnam, he said.

Shar Nasr said Egypt boasts great potential inshipbuilding and seaport, which Vietnamese businesses could explore investmentopportunities. She said a business forum will be held during the upcoming visitby the Egyptian President to promote bilateral cooperation.

For his part, Mohab Mamish said a large volumeof global cargo goes through the Suez canal annually.

He noted that Egypt has inaugurated an economic zone to connect theMediterranean Sea with the Asian region, hoping Vietnamese firms will studyinvestment opportunities in the zone.

PM Phuc hoped the two sides will signcooperation agreements in trade and investment, emphasising on the bilateralcooperation potential in garment-textile, processed farm produce, andfisheries.

He proposed Egypt create favourable conditionsfor businesses to cooperate in oil and gas exploitation and provision ofservices relating to this field.

The PM also suggested the inter-governmentalcommittee devise specific programmes to boost the bilateral cooperation in amore pragmatic and efficient manner.

On the day, the PM hosted Chairman of Charmvit Group from the Republic of KoreaLee Dea-bong.-VNA


VNA

See more

The national flags of Vietnam and the Philippines. Photo: VNA

Vietnam congratulates Philippines on Independence Day

General Secretary of the Communist Party of Vietnam and State President To Lam and Prime Minister Le Minh Hung on June 12 sent congratulatory messages to Philippine President Ferdinand Romualdez Marcos Jr on the occasion of the 128th anniversary of the Declaration of Independence of the Republic of the Philippines (June 12, 1898 – 2026).

Former Deputy Minister of Foreign Affairs Ambassador Pham Quang Vinh. (Photo: VNA)

AFF 2026 marks Vietnam’s transition from participant to regional agenda-setter

With sharp strategic mindset and a proven capacity for practical action at both bilateral and multilateral levels, Vietnam has demonstrated its role as a builder and agenda-setter, contributing to a robust platform for dialogue and cooperation in pursuit of a resilient, peaceful, and truly people-centred ASEAN Community by 2045

Party General Secretary and State President To Lam addresses the national conference disseminating and implementing Politburo Resolution No. 06-NQ/TW (Photo: VNA)

📝OP-ED: When foreign affairs pioneer in shaping nation's future

Resolution No. 06-NQ/TW represents both a continuation and a development of the Party’s comprehensive foreign policy and President Ho Chi Minh’s thought. If international integration helped create a favourable environment for development, diplomacy today is tasked with protecting and expanding that space.

An overview of the 4th session of the 17th Hanoi People’s Council for the 2026–2031 term. (Photo: VNA)

Capital Law 2026 paves way for Hanoi’s new development model

One of the key breakthroughs of the new resolutions is the shift from a traditional management-oriented approach to a development-enabling model. The proposed policies are designed not only to address current issues but also to establish the foundation for a more modern, proactive and flexible system of urban governance.

Vietnamese Ambassador to Algeria Tran Quoc Khanh (seventh from left) poses for a group photo with the leaders and staff of the University of Skikda. (Photo: VNA)

Vietnam, Algeria strengthen agricultural trade connectivity

Vietnam’s main exports to Algeria include coffee, cashew nuts, pepper, textiles and garments, steel and selected industrial products, while the North African country sells animal feed, chemicals, dates and other agricultural products to Vietnam.

Vietnamese Deputy Minister of Foreign Affairs Le Thi Thu Hang speaks at the forum. (Photo: VNA)

Vietnam, Switzerland eye stronger economic connectivity

Vietnamese Deputy Minister of Foreign Affairs Le Thi Thu Hang expressed Vietnam’s desire to see Swiss enterprises expand their long-term presence and investment in the country, particularly in high technology, innovation, renewable energy, pharmaceuticals, healthcare and digital transformation. She also emphasised cooperation in talent development, high-end tourism and international financial centre development.

Chairman of the People’s Committee of Hue city Nguyen Khac Toan (right) presents a souvenir to Karl Wilfing, President of the State Parliament of Lower Austria. (Photo: People’s Committee of Hue city)

Hue city moves to deepen multifaceted cooperation with Austrian partners

Toan proposed Lower Austria consider establishing an official cooperation mechanism with Hue to facilitate investment collaboration in tourism, education and training, healthcare, information technology, green and smart urban development, heritage conservation, hi-tech agriculture and sustainable development.

Prime Minister Le Minh Hung chairs the working session with the Standing Board of the Hanoi Party Committee on June 11. (Photo: VNA)

Prime Minister urges Hanoi to target higher growth, become leading innovation hub

The PM emphasised that Hanoi must achieve its 11% growth target for 2026 through comprehensive solutions and regular reviews of growth scenarios. He called on the city to unlock growth potential in processing, manufacturing, trade, services, finance, banking, insurance, transport, logistics, construction and real estate, while controlling inflation and market stability.

Party General Secretary and State President To Lam addresses the conference. (Photo: VNA)

Top leader calls for better quality of institutional development

Party General Secretary and State President Lam underscored the need for a new mindset that places judicial reforms within a unified rule-of-law framework: good law-making, strict law enforcement, an honest judiciary, safeguarded justice, controlled power, protected human and citizens’ rights, and national development supported by a transparent, effective and coherent institutional system.

A damaged road is seen following the earthquake near General Santos City, the Philippines, on June 9, 2026. (Photo: Xinhua/VNA)

Messages of sympathy sent to Philippines over losses caused by earthquake

General Secretary of the Communist Party of Vietnam Central Committee and State President To Lam, and Prime Minister Le Minh Hung on June 11 sent messages of sympathy to Philippine President Ferdinand Romualdez Marcos over great losses of life and property caused by a recent earthquake in the southern Philippines.