Business

Vietnamese, Egyptian firms explore cooperation opportunities

The Vietnam-Egypt Business Forum was held in Hanoi on September 7, serving as a platform for enterprises from both countries to explore business and investment cooperation opportunities.
Vietnamese, Egyptian firms explore cooperation opportunities ảnh 1Egyptian President Abdel Fattah el-Sisi speaks at the Vietnam-Egypt Business Forum (Photo: VNA)

Hanoi (VNA) – The Vietnam-EgyptBusiness Forum was held in Hanoi on September 7, serving as a platform forenterprises from both countries to explore business and investment cooperationopportunities.

The event was jointly organised by the VietnamChamber of Commerce and Industry (VCCI) and the Federation of Egyptian Chambersof Commerce (FEDCOC).

[Vietnam, Egypt seal cooperation agreements]

Addressing the forum, Deputy Prime Minister andForeign Minister Pham Binh Minh said when investing in Vietnam, Egyptiancompanies will have a chance to get access to the Vietnamese market with apopulation of 93 million and the ASEAN market of more than 600 millionconsumers.

There are plenty of potentials for bilateral tradeand economic cooperation, especially in the fields of manufacturing,processing, garment-textiles, footwear, and oil and gas, he said, adding that Vietnamhopes Egypt will serve as a bridge to connect the Southeast Asian country withother nations in Africa.

The Vietnamese Government will accompany andcreate favourable conditions and an open investment environment for Vietnameseand Egyptian businesses, Minh stressed.

The Deputy PM also asked the VCCI to activelycoordinate with the FEDCOC to facilitate business operations and connectivityof Vietnamese and Egyptian enterprises.

Egyptian President Abdel Fattah el-Sisi said Egyptwants to become a strategic centre, thus developing logistics and buildingindustrial parks to export products to other nations, as well as implementingprojects on land development, renewable energy, and building new administrativeurban areas.

Egypt welcomes Vietnamese businesses to investin developing small-and medium-sized enterprises, shipbuilding, construction,aquaculture, fertilizer, and garment-textiles, he added.

Egypt is now the third biggest trade partner ofVietnam in Africa with two-way trade reaching an annual average level of 320million USD. 

VCCI Chairman Vu Tien Loc said the VCCI willcontinue coordinating with the FEDCOC to increase the bilateral trade value to 1billion USD in the future set by the two governments.-VNA

VNA
#Vietnam-Egypt Business Forum #enterprises #business and investment cooperation opportunities #Vietnam Chamber of Commerce and Industry #VCCI #Federation of Egyptian Chambers of Commerce #FEDCOC #Deputy Prime Minister and Foreign Minister Pham Binh Minh #ASEAN #land development #renewable energy #and building new administrative urban areas. Egypt Vietnam
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