Egyptian Ambassador to Vietnam Mahmoud Hasan Nayel said the bilateral trade growth in 2018 reached 25 percent. Vietnam and Egypt have similar economic development models that encourage exports.

Deputy Prime Minister and Foreign Minister Pham Binh Minh (right) meets with ambassadors from Middle East and African countries.

He added that Egypt’s major economic zones are attracting investment from Vietnam.

While mentioning support policies of the Egyptian Government for Vietnamese businesses, the ambassador said his country backs free trade agreements and it is one of the first members of the World Trade Organization (WTO).

Egypt will create equal opportunities for investors from all countries, especially Vietnam, he said, adding that he hoped more new measures will be deployed to make it easier for the Vietnamese business community to operate in Egypt.

Meanwhile Tanzanian Ambassador to Vietnam Mbewa Brighton Kairuki said there is large room for Vietnam and Tanzania to cooperate in telecommunication and garment-textile. Vietnamese firms could build factories to produce garment products for export.

While evaluating the contributions of Vietnamese businesses in Tanzania, he said Tanzania is one of the few countries that Vietnamese telecom group Viettel is making investment, creating jobs for 3,000 people, including 1,000 direct workers. The group is also expanding its network in Tanzania.

Besides investment, Vietnam is one of the leading importers of Tanzanian products, he said, adding that local farmers are receiving benefits from Vietnamese enterprises.

Yemeni Ambassador to Vietnam Adel Mohamed Ali Ba Hamid said Vietnam is among the top 10 trade partners of Yemen in Asia and believed that the Southeast Asian country will rise to the first position in the next five years.

He added that many cooperation projects are being implemented by the two countries.

In October, a workshop will be held in Ho Chi Minh City with the attendance of businesses from the two nations to discuss cooperation opportunities in the field of oil and gas, he revealed.

Source: VNA