Spring Fair 2026: Lessons from Egypt, prospects for bilateral cooperation

A growing number of Egyptian companies are developing advanced technology products such as smart home automation systems, electric vehicle chargers and specialised IoT sensors used in industry, agriculture and health care, creating promising opportunities for cooperation with Vietnam.

Customers at the Spring Fair 2026 in Hanoi (Photo: VNA)
Customers at the Spring Fair 2026 in Hanoi (Photo: VNA)

Hanoi (VNA) – The Spring Fair 2026, held for the first time in the capital city of Hanoi, has attracted a wide range of enterprises, cooperatives, craft villages and production and business units from multiple sectors.

The diversity of products on display, combined with increasingly professional presentation and promotional methods, has helped bring many local brands closer to both domestic and international consumers. On this occasion, the Vietnam News Agency correspondents in Cairo interviewed Nguyen Duy Hung, head of the Vietnam Trade Office in Egypt, about experience gained from trade promotion activities, product strengths, and opportunities as well as challenges in business cooperation between the two countries.

Regarding Egyptian products that could be introduced to Vietnamese consumers through the Spring Fair and similar events in the future, Hung noted that Egypt has strengths in agricultural products, crop varieties and processed fruits. However, the country’s manufacturing sector is still undergoing restructuring, and despite notable progress in recent years, relatively few Egyptian products are widely exported globally.

Products with strong potential for promotion at fairs in Vietnam include fruits such as oranges, mandarins, mangoes, grapes and pomegranates, as well as agricultural produce including potatoes, onions and strawberries. At present, Vietnam has opened its market to Egyptian oranges, mandarins and grapes, while other products may require additional time before entering the Vietnamese market.

Other goods with potential in Vietnam include fertilisers, electrical cables, household appliances, textiles, ready-made garments and certain plastic products. Egypt is also rich in natural resources, including natural gas, petroleum, phosphate ore, iron ore and minerals such as gold, black sand and coal, which could help meet Vietnam’s demand for imported raw materials.

According to Hung, a growing number of Egyptian companies are developing advanced technology products such as smart home automation systems, electric vehicle chargers and specialised IoT sensors used in industry, agriculture and health care, creating promising opportunities for cooperation with Vietnam. Other potential areas of technological collaboration include artificial intelligence, embedded software, data analytics and fibre-optic networks.

Vietnamese products that are popular in Egypt are mainly raw materials or goods subject to relatively low import duties, including cashew nuts, pepper, desiccated coconut, green coffee beans, cinnamon, star anise and frozen fish fillets.

High import tariffs on finished Vietnamese products entering Egypt, in the absence of a bilateral free trade agreement, remain a major challenge for Vietnamese exporters. Additional obstacles include language barriers, cultural and religious differences, and geographical distance, which can make it difficult for Vietnamese businesses to promote products effectively in the Egyptian market.

The diplomat said 2026 is the first year the two countries implement agreements regarding the upgrading of their relations to a Comprehensive Partnership following the state visit to Egypt by State President Luong Cuong. The agreements aim to boost trade and investment, significantly increase bilateral trade turnover and facilitate market access for goods from both sides.

The Vietnam Trade Office in Egypt has already outlined trade promotion activities for the year, focusing on cooperation with the Federation of Egyptian Chambers of Commerce (FEDCOC) and several provincial chambers of commerce in Cairo, Giza, Alexandria and the Red Sea region to organise quarterly trade promotion events connecting businesses and investment opportunities.

Efforts will also be made to invite Egyptian business delegations to participate in trade fairs and international exhibitions in Vietnam. At the same time, support will be provided for Vietnamese enterprises to attend international exhibitions in Egypt./.

VNA

See more

Bao Viet Bank's employee counts Vietnamese banknotes at a transaction counter in Hanoi. (Photo: VNA)

Credit quota reform, tighter capital rules may widen gap among banks

Yuanta Vietnam Securities estimates that to achieve GDP growth above 10%, credit growth would need to exceed 16%. This suggests bank credit is no longer expected to be the main growth driver, with greater reliance on fiscal policy, public investment and capital markets.

Vietnam is projected to have approximately 2.4 million SMEs, accounting for over 98% of the country’s total enterprises. (Photo: cafef.vn)

Banks offer diverse solutions to support SMEs

With an increasingly significant role in the economy, the small and medium-sized enterprise (SME) sector is becoming a key segment in the credit growth strategies of many banks and the banks have been taking diverse solutions to support the enterprises.

Workers process coconuts for export at Vina T&T Group. (Photo: nhandan.vn)

Agricultural exports reliant on securing raw material supply

According to Secretary General of the Vietnam Pepper and Spice Association Le Viet Anh, pepper remained Vietnam’s leading spice export in 2025, with shipments exceeding 247,000 tonnes, accounting for 59.3% of total spice export volume. Export revenue reached 1.66 billion USD, out of total spice exports of 2.1 billion USD.

Prime Minister Pham Minh Chinh speaks at the meeting between standing Government members and representatives of ministries, agencies and Phu Tho province (Photo: VNA)

PM orders new Lo river bridge to meet emerging development needs

Stressing both immediate and long-term imperatives, Prime Minister Pham Minh Chinh directed that authorities pursue a dual-track approach: repairing the existing bridge to ensure safety while simultaneously investing in a new structure capable of opening up new socio-economic development space and safeguarding national defence and security.

Online event promotes Vietnamese products in Canada (Photo: VNA)

Online programme promotes Vietnamese products in Canada

Vietnam’s exports to Canada have doubled over the past five years to more than 13 billion USD, reflecting strong cooperation potential, especially as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) continues to take effect.

Vehicles transporting import and export goods at Mong Cai international border gate. (Photo: VNA)

Mong Cai smart border gate to open new era for cross-border trade

The smart border gate will be based on Industry 4.0 technologies, with cross-border data connectivity serving as its core. Beyond modernising a single customs checkpoint, the project aims to create a regional-scale “digital gateway” facilitating more efficient trade flows.

Vietnam’s Trade Counsellor in Italy Duong Phuong Thao. (Photo: VNA)

Spring Fair 2026: Trade fairs boost Vietnam–Italy trade connectivity

Vietnam’s Trade Counsellor in Italy Duong Phuong Thao said the bilateral relations are developing positively, providing a solid foundation for economic and trade ties. The Italian Government, financial institutions and business community regard Vietnam as a key market in Southeast Asia.

The booth of the Vietnam Trade Office at a trade fair in Morocco. (Photo published VNA)

Spring Fair 2026: opportunities for trade between Vietnam and Morocco

Tran Le Dung, Head of the Vietnam Trade Office in Morocco, said Morocco has accumulated extensive experience in hosting large-scale agricultural trade fairs and exhibitions. Flagship events include the annual International Agricultural Exhibition in Morocco (SIAM), alongside specialised shows covering food and beverages, textiles, handicrafts and logistics.

Prime Minister Pham Minh Chinh delivers closing remarks at the Spring Fair 2026. Photo: VNA

Prime Minister attends Spring Fair 2026 closing ceremony

After 12 vibrant and colourful days, the first Glorious Spring Fair 2026 vividly portrayed the vitality of the nation’s economic and consumer activities at the beginning of the new year, leaving a strong impression on the public and business community.