Thursday, 18:30 21/12/2017
Vietnam encourages Egyptian businesses through updated investment policy
Vietnam always creates favourable conditions for foreign investors, including those from Egypt, to operate in the country, Vietnamese Ambassador to Egypt Do Hoang Long said at an investment promotion workshop in Cairo on December 20.
During the event, the diplomat highlighted the potential for stronger cooperation in economy and trade between Vietnam and Egypt, saying that the recent State-level visit to Vietnam by Egyptian President Abdel Fatah El-Sisi opened a new stage in bilateral relations.
He briefed participants on Vietnam’s economic development, business environment, investment attraction policies and key exports.
The ambassador suggested measures to promote economic and trade ties, calling on the two countries’ businesses to participate in trade fairs, exhibitions and investment workshops, thus seeking more business opportunities. The Vietnamese Embassy is always willing to help Egyptian firms connect with partners in Vietnam, he affirmed.
For his part, Secretary General of the Egyptian Business Association, Mohamed Yousef said leaders of the two nations have agreed to enhance bilateral economic relations, which is bringing great benefits to enterprises from both nations.
Promoting trade cooperation will enhance two-way trade between the two countries, thus strengthening bilateral ties, he added. Mohamed Yousef also took the occasion to introduce Egypt’s investment environment and policies.
According to Vietnamese commercial counsellor in Egypt Pham The Cuong, Vietnam has exported a number of goods to Egypt including seafood, coffee, pepper, cashew nuts, wooden products, textiles and mobile phones. Two-way trade reached 311.8 million USD in the first 11 months of this year.
Egypt is the second largest trade partner of Vietnam in Africa, with two-way trade hitting 316 million USD in 2016. Vietnam exported seafood, automobile spare parts, fabric, black peppercorn, coffee, rubber and other consumer goods to Egypt and imported mainly chemicals, oil products, milk and dairy products, and fibres from the country.
He briefed participants on Vietnam’s economic development, business environment, investment attraction policies and key exports.
At the workshop. Photo: Vietnamplus
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For his part, Secretary General of the Egyptian Business Association, Mohamed Yousef said leaders of the two nations have agreed to enhance bilateral economic relations, which is bringing great benefits to enterprises from both nations.
According to Vietnamese commercial counsellor in Egypt Pham The Cuong, Vietnam has exported a number of goods to Egypt including seafood, coffee, pepper, cashew nuts, wooden products, textiles and mobile phones. Two-way trade reached 311.8 million USD in the first 11 months of this year.
Egypt is the second largest trade partner of Vietnam in Africa, with two-way trade hitting 316 million USD in 2016. Vietnam exported seafood, automobile spare parts, fabric, black peppercorn, coffee, rubber and other consumer goods to Egypt and imported mainly chemicals, oil products, milk and dairy products, and fibres from the country.
