Scene at the trade promotion workshop (Photo: VNA) Cairo (VNA)– The Vietnam Embassy in Egypt is willing to support local firms in seekingVietnamese partners to study each other’s market, stated Ambassador Do HoangLong at a trade promotion workshop in Mansoura city, Dakahlia province, onMarch 9.
The workshop wasorganised by the Vietnam Embassy and the business chamber of Dakahlia,gathering representatives from more than 40 major import-export companies inthe province.
In his speech, Longstressed that Vietnam offers favourable conditions to foreign investors.
Based on theirfriendship, Vietnam and Egypt should intensify measures to boost partnerships,particularly in agro-forestry-fishery and tourism, the diplomat added.
Introducing the localmarket, head of the Dakahlia business chamber Ahmed Roab said the workshop wasan opportunity for Egyptian enterprises to learn about the Vietnamese market,thus facilitating trade-investment ties between localities of the two countries.
Trade counsellor at theVietnam Embassy Pham The Cuong informed the workshop of Vietnam’s businessclimate and policies for investment attraction, and fielded questions on tradeaffairs between the two countries.
According to Cuong, traderevenue between Vietnam and Egypt hit about 314 million USD last year, of which Vietnameseexports to Egypt made up 249 million USD.
Participants proposedVietnam send business delegations to trade fairs in Egypt.
They said theyexpected the Vietnam Embassy’s support would help Dakahlia enterprises boostexports, particularly fruit, to Vietnam.
In an interview withthe Vietnam News Agency, trade counsellor Cuong said bilateral trade has fallenshort of potential, while Egypt’s political unrest and currency depreciationaffected Vietnamese goods in the market.
However, the northeastAfrican economy is being reformed, which could be a good sign for bilateraltrade in the future, Cuong noted.
Egypt has a populationof 92 million, with import demand estimated at more than 80 billion USD peryear.-VNA
VNA
