Vietnam, Egypt to Tighten Business Cooperation
	Vietnam, Egypt Aim to Raise Bilateral Trade Turnover to 1 Billion USD

The Vietnamese leader praised Egypt’s role and position within the region and at multilateral forums, highlighting the enduring contributions of the Nile River civilization to humanity. Based on the strong traditional friendship and high political trust between Vietnam and Egypt, he proposed actively advancing relations across all sectors, aiming to elevate bilateral ties to new heights.

Prime Minister Pham Minh Chinh (left) meets with his Egyptian counterpart Mostafa Madbouly in Riyadh on Tuesday (local time), on the occasion of his participation in the 8th Future Investment Initiative (FII) Summit and his working visit to Saudi Arabia. (Photo: VNA/VNS Duong Giang)

Prime Minister Pham Minh Chinh also conveyed greetings and invitations from other Vietnamese leaders, including General Secretary To Lam, President Luong Cuong, and National Assembly Chairman Tran Thanh Man, for President Abdel Fattah El-Sisi and Prime Minister Madbouly to visit Vietnam soon.

For his part, Prime Minister Madbouly affirmed Egypt’s longstanding value of its traditional relationship with Vietnam, as one of the first Middle Eastern and African countries to establish diplomatic relations with Vietnam in 1963.

He reiterated Egypt’s admiration for President Ho Chi Minh, expressed interest in deepening ties, and noted that Vietnamese businesses investing in Egypt can benefit from Egypt’s free trade agreements with Arab nations.

The two leaders agreed to explore potential agreements and frameworks to bolster trade relations, recognizing the complementary strengths of both economies and their substantial untapped potential.

They discussed the possibility of establishing a bilateral trade cooperation framework to increase trade volume in the coming years and agreed to encourage mutual investment in electric vehicles, software development, renewable energy, solar energy, green transition, and digital transformation, as well as to promote cooperation in training, cultural exchange, and tourism to deepen mutual understanding.

The two sides pledged to continue supporting each other at multilateral forums and to act as bridges for strengthening partnerships with ASEAN and Arab nations, advancing mutual benefits, peace, cooperation, and development in both regions.

Vietnam, Egypt issue joint statement Vietnam and Egypt have issued a joint statement on the occasion of the State-level visit to Egypt by President Tran Dai Quang and his spouse ...

Vietnam, Egypt eye USD 1 billion in bilateral trade turnover Vietnam are Egypt are striving to meet the set target of bringing bilateral trade turnover to USD1 billion soon.