The workshop was organized by the Vietnam Embassy and the business chamber of Dakahlia, gathering representatives from more than 40 major import-export companies in the province.
Scene at the trade promotion workshop
In his speech, Long stressed that Vietnam offers favorable conditions to foreign investors.
Based on their friendship, Vietnam and Egypt should intensify measures to boost partnerships, particularly in agro-forestry-fishery and tourism, the diplomat added.
Introducing the local market, head of the Dakahlia business chamber Ahmed Roab said the workshop was an opportunity for Egyptian enterprises to learn about the Vietnamese market, thus facilitating trade-investment ties between localities of the two countries.
Trade counselor at the Vietnam Embassy Pham The Cuong informed the workshop of Vietnam’s business climate and policies for investment attraction, and fielded questions on trade affairs between the two countries.
According to Cuong, trade revenue between Vietnam and Egypt hit about USD 314 million last year, of Vietnamese exports to Egypt made up USD 249 million.
Participants proposed Vietnam send business delegations to trade fairs in Egypt.
They said they expected the Vietnam Embassy’s support would help Dakahlia enterprises boost exports, particularly fruit, to Vietnam.
Trade counselor Cuong said bilateral trade has fallen short of potential, while Egypt’s political unrest and currency depreciation affected Vietnamese goods in the market.
However, the northeast African economy is being reformed, which could be a good sign for bilateral trade in the future, Cuong noted.
Egypt has a population of 92 million, with import demand estimated at more than USD 80 billion per year.
Source: VNA