Việt Nam''s European Plastics Joint Stock Company (EuP) inaugurated its first factory in Egypt, specialising in producing filler masterbatch in Sadat City, Menoufia Province.
Viet Nam and Egypt need solutions to increase bilateral trade, especially as each country has advantageous products that can penetrate the other’s market.
The Vietnamese Embassy in Egypt organised a seminar in the coastal tourist city of Sharm El Sheikh on Saturday to seek measures to boost cooperation between the two countries in various fields, especially economy, investment and tourism.
Vietnamese enterprises see a chance to export 20,000 tonnes of rice to Egypt, according to the Ministry of Industry and Trade’s Import-Export Department.
“I am very proud to be a Vietnamese engineer working on Siemens’ biggest project ever,” said Nguyen Chi Hieu, one of three Vietnamese commissioning engineers trained to work at Beni Suef power plant in Egypt.
Egypt has agreed with Viet Nam to import one million tonnes of white rice for the next three to four months after curtailing cultivation earlier this year, head of the rice division of the Egyptian Federation of Industries Rajab Shehata said on Thursday.
The fair, which will conclude on March 23, has seen the participation of 1,000 enterprises from 15 countries. It is expected to attract two million visitors.
Viet Nam always s 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.
Viet Nam and Egypt’s goal of increasing two-way trade to US$1 billion in the future is fully feasible, said Viet Nam Chamber of Commerce and Industry (VCCI) Chairman Vu Tien Loc.
The Vietnamese Embassy and Trade Office in Egypt held a trade and
investment promotion conference in Aswan Province to draw the attention
of local businesses to Viet Nam.
Viet Nam and Egypt have pledged to increase trade value to US$1
billion, the Vietnamese Ambassador in Egypt, Dao Thanh Chung, announced
at a business conference in Cairo on Monday.
The Vietnamese Embassy in Cairo discussed co-operation and partnership
opportunities in the Vietnamese market with Egyptian businesses during a
conference in Ismailia on Wednesday.