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Egyptian-Vietnamese trade exchange skyrocketed by 41.7% in 2017

The volume of trade exchange between Egypt and Vietnam skyrocketed by 41.7% in 2017 to post $377 million against $266 million, the Foreign Trade and Industry Ministry said.

During the first round of meetings of the Egyptian-Vietnamese subcommittee for trade and industrial cooperation in Cairo on Sunday, Vietnam's Deputy Minister of Trade and Industry Cao Quốc Hưng underlined his country's keenness on bolstering trade and economic cooperation with Egypt which is considered one of the most important states in the Middle East and Africa.

He added that the Egyptian-Vietnamese trade ties will witness a boost in the coming period.

Chairman of Egypt's sector for trade agreements Said Abdallah said the talks tackled the positive outcome of the successful visit of President Abdel Fattah El-Sisi to Vietnam in September.

El-Sisi is the first Egyptian president to visit Vietnam.

The visit has lagely contributed to giving momentum to the Egyptian-Vietnamese trade and economic cooperation.

The president had during the visit invited Vietnamese businessmen to invest in Egypt in various domains. 

Abdallah underlined the importance of drawing on the Vietnamese development experiment which is deemed as a story of success for realizing economic and social development.

Abdallah urged Vietnamese businessmen to visit Egypt and explore available investment opportunities.
 

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