Illustrative image (Photo: Internet) Cairo (VNA) – The Ministry of Industry and Trade(MoIT) and the Egyptian Businessmen Association (EBA) on December 2 held aconference in Cairo to look into the business potential and chances in thefield of commodities and logistics, exchanging information, promoting investingand strengthening trade connectivity between the two countries.
Speaking at the event, Ambassador Tran Thanh Cong recalledVietnam’s social and economic achievement recorded over the past 30 years,highlighting that bilateral economic cooperation and trade have witnessed encouragingoutcomes, but they have yet to match potential due to the lack of information.In that context, the trade and investment promotions will be of greatimportance, he added.
Sharing the view, head of the working team of the MoIT TranThanh Binh said the two-way trade value last year of 470 million USD has failedto correctly reflect the potential. That is why in the time to come, the twocountries need to solve outstanding issues so as to further push up thebilateral trade, especially in the context that each country has advantageous productsthat can penetrate the other market.
Speaking to VNA correspondent, EBA CEO Mohamed Youssef heldthat the two countries should weather challenges and obstacles to bring two-waytrade to 1 billion USD in the time to come. It is most important that thebusiness communities of the two countries intensify the contacts for betterunderstanding, thus broadening the scopes of their investment and cooperation,he added.
At the conference, queries on Vietnam’s commodity market wassettled and many Egyptian companies expressed their hope to increase exports toVietnam, while the Vietnamese peers raised the idea that the two sides shouldboost cooperation in the direction of prioritizing key products on the basis ofmutual benefit./.
Speaking at the event, Ambassador Tran Thanh Cong recalledVietnam’s social and economic achievement recorded over the past 30 years,highlighting that bilateral economic cooperation and trade have witnessed encouragingoutcomes, but they have yet to match potential due to the lack of information.In that context, the trade and investment promotions will be of greatimportance, he added.
Sharing the view, head of the working team of the MoIT TranThanh Binh said the two-way trade value last year of 470 million USD has failedto correctly reflect the potential. That is why in the time to come, the twocountries need to solve outstanding issues so as to further push up thebilateral trade, especially in the context that each country has advantageous productsthat can penetrate the other market.
Speaking to VNA correspondent, EBA CEO Mohamed Youssef heldthat the two countries should weather challenges and obstacles to bring two-waytrade to 1 billion USD in the time to come. It is most important that thebusiness communities of the two countries intensify the contacts for betterunderstanding, thus broadening the scopes of their investment and cooperation,he added.
At the conference, queries on Vietnam’s commodity market wassettled and many Egyptian companies expressed their hope to increase exports toVietnam, while the Vietnamese peers raised the idea that the two sides shouldboost cooperation in the direction of prioritizing key products on the basis ofmutual benefit./.
VNA
