Business

Vietnamese, Egyptian enterprises strengthen connectivity

A Vietnam-Egypt business matching was held in Giza city in the province of the same name on December 13, as part of the activities to mark the 60th anniversary of the two countries’ diplomatic relations.
Vietnamese, Egyptian enterprises strengthen connectivity ảnh 1Egyptian businesses show interest in Vietnamese goods, especially agricultural and aquatic products. (Photo: VNA)
Cairo (VNA) – A Vietnam-Egypt business matching was held in Gizacity in the province of the same name on December 13, as part of the activities tomark the 60th anniversary of the two countries’ diplomaticrelations.

The event attracted the participation ofrepresentatives from more than 40 Egyptian enterprises and several Vietnamesefirms.

Vietnamese Ambassador to Egypt Nguyen HuyDung said that trade cooperation between the two countries was established evenearlier than diplomatic relations, as Vietnam's trade office in Egypt was setup in 1958.

Dung said the Vietnamese Government hasidentified three new drivers for economic growth, with one being expandingtrade relations with new markets in the Middle East, Africa, and South America, aswell as with traditional markets, and Egypt is one of Vietnam's largest marketsin the region with geopolitical advantages.

Egypt is located at the intersection of thethree continents of Europe, Africa, and Asia. The North African country is amember of the African Continental Free Trade Area (AfCFTA) and will soon becomea member of the BRICS group of emerging market nations. Meanwhile, Vietnam is agateway to the ASEAN market with more than 650 million people, he noted.

The diplomat stressed that there remains anample room for Vietnam and Egypt to enhance their cooperation, along with a lotof opportunities to expand markets.

He expressed his belief that the twocountries can work together to increase bilateral trade from 595 million USD in2022 to 1 billion USD in the near future.

Head of the Giza Chamber of Commerce OsamaAl-Shahed said that Egypt and Vietnam hold great cooperation potential indifferent fields, and proposed the two sides collaborate in implementing jointproduction projects in any industrial parks in Giza province.

They also agreed that the two sides need tostrengthen connections between the two countries' business communities throughbusiness forums, trade-investment promotion seminars and trade fairs.

At the forum, participants exchanged information on each other's market needs as well as cooperationopportunities. Many Egyptian businesses showed interest in Vietnamese goods,especially agricultural and aquatic products./.
VNA
#Vietnam-Egypt business matching #Giza #60th anniversary of the two countries’ diplomatic relations #Vietnam #Egypt #Vietnamplus #Vietnam News Agency Egypt Vietnam
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