Vietnam, Egypt look to strengthen trade, investment connectivity

Tuesday, 2019-12-03 10:29:45
 Font Size:     |        Print
 

The conference on trade, investment cooperation between Vietnam and Egypt (Photo: VOV)
 Font Size:     |  

NDO/VNA - The Ministry of Industry and Trade (MoIT) and the Egyptian Businessmen Association (EBA) on December 2 held a conference in Cairo to look into the business potential and chances in the field of commodities and logistics, exchanging information, promoting investing and strengthening trade connectivity between the two countries.

Speaking at the event, Ambassador Tran Thanh Cong recalled Vietnam’s social and economic achievement recorded over the past 30 years, highlighting that bilateral economic cooperation and trade have witnessed encouraging outcomes, but they have yet to match potential due to the lack of information.

In that context, the trade and investment promotions will be of great importance, he added.

Sharing the view, head of the working team of the MoIT Tran Thanh Binh said the two-way trade value last year of US$470 million has failed to correctly reflect the potential.

That is why in the time to come, the two countries need to solve outstanding issues so as to further push up the bilateral trade, especially in the context that each country has advantageous products that can penetrate the other market.

At the conference, queries on Vietnam’s commodity market was settled and many Egyptian companies expressed their hope to increase exports to Vietnam, while the Vietnamese peers raised the idea that the two sides should boost cooperation in the direction of prioritizing key products on the basis of mutual benefit.