Viet Nam always creates favourable conditions for foreign investors, including those from Egypt, in their investment activities in the nation, Vietnamese Ambassador to Egypt Do Hoang Long has said.

Long made this statement at an investment promotion workshop in Cairo on Wednesday.

During the event, Long highlighted the potential for stronger co-operation in economy as well as trade between Viet Nam and Egypt, saying that the recent State-level visit to Viet Nam by Egyptian President Abdel Fatah el-Sisi, has started a new stage in the bilateral relation.

He also briefed participants on Viet Nam’s economic development, business environment, investment attraction policies and key exports.

The ambassador suggested measures to promote economic and trade ties, calling on the two countries’ businesses to participate in trade fairs, exhibitions and investment workshops, thus seeking more business opportunities.

The Vietnamese Embassy is always willing to help Egyptian firms to connect with partners in Viet Nam, he affirmed.

Meanwhile, Secretary General of the Egyptian Business Association Mohamed Yousef said leaders of the two nations have agreed to enhance bilateral economic relations, which is bringing great benefits to enterprises from both nations.

Promoting trade co-operation will enhance two-way trade between the two countries, thus strengthening bilateral ties, he added.

Yousef also used the occasion to introduce Egypt’s investment environment and policies.

According to Vietnamese commercial counsellor in Egypt, Pham The Cuong, Viet Nam has exported a number of goods to Egypt including seafood, coffee, pepper, cashew nuts, wooden products, textiles and mobile phones. Two-way trade reached US$311.8 million in the first 11 months of this year. — VNS