Vietnam pushes forward economic ties with Egypt

The Vietnamese Embassy in Egypt has been actively and proactively promoting economic diplomacy to further boost bilateral economic, trade, investment and tourism ties, Ambassador Nguyen Huy Dung told Vietnam News Agency in a recent interview in Cairo.

 The Vietnamese Embassy in Egypt has been actively and proactively promoting economic diplomacy to further boost bilateral economic, trade, investment and tourism ties, Ambassador Nguyen Huy Dung told Vietnam News Agency in a recent interview in Cairo.

Dung stressed that Vietnam and Egypt hold great cooperation potential, especially in fields of their strength. Apart from the cooperation mechanism within the framework of the Inter-governmental Joint Committee, the two sides have promoted in-depth cooperation mechanisms in trade and industry.

The second meeting of the Vietnam-Egypt Sub-Committee on Industry and Trade Cooperation was successfully held online amid trade difficulties in the region and the world and complicated developments of COVID-19.

In such context, the embassy and Vietnam Trade Office in Egypt took synchronous measures, including enhancing online exchanges between the two countries’ ministries and agencies in fields of shared concern like agriculture, urban development, transport, shipbuilding, tertiary education and personnel training; bolstering coordination with promising Egyptian localities via visits and working trips to major cities such as Cairo, Alexandria, Port Said and Damietta; and working closely with the Federation of Egyptian Chambers of Commerce to launch trade, tourism and investment promotion activities.

Dung added that Vietnam is not only strong in farm produce, aquatic products, rubber and wooden products but also in technology in fields of Egypt’s interest like agriculture, aquaculture, food preservation and processing. The Vietnamese firms also have ample cooperation opportunities in mechanical engineering, shipbuilding, electrical equipment production and industry. Meanwhile, Egypt also has huge demand for imports.