Vietnam-Egypt business forum opens

17:28 | 08/09/2015 Trade

Nearly 90 enterprises, including 18 enterprises from Vietnam, took part in the Vietnam-Egypt business forum, which opened in Cairo, Egypt, on September 7.

Vietnam-Egypt business forum opens

At the forum (Photo: VOV)

The forum was co-organised by the Vietnam Ministry of Industry and Trade (VMIT), the Vietnamese Embassy in Egypt, the Egyptian Ministry of Trade and Industry, and the Egyptian Chamber of Industry and Trade.

Tran Quang Huy, Head of the VMIT’s Africa and Southwest Asia Market Department, noted that two-way trade turnover last year reached approximately US$400 million, and roughly US$200 million in the first half of this year.

Vietnam’s major exports to Egypt are seafood, farm produce, garments and textiles, tea and electronic components, he added.

Huy also spoke of the significant position and role of Egypt in the Middle East and North Africa, highlighted Egypt’s economic potential, its efforts to promote in-shore trade and investment and the country’s recent development, including a new law to protect and support foreign investors and the newly inaugurated Suez Canal which he believes will improve regional and global trade as well as create positive impacts for Egypt’s economy.

The Vietnam-Egypt business forum offered a good opportunity for both countries to meet and exchange information on each other’s products as well as sign economic contracts. It is also expected to contribute to enhancing co-operation in economics and trade between the two countries.

The same event is also scheduled to be held by the Vietnamese Embassy in Egypt and the Chamber of Commerce of Alexandria city in the Egyptian coastal city on September 10./.

Source: Nhandanonline