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Business opportunities in Vietnam introduced to Egypt

The seminar entitled ‘The Vietnamese market: Potentials and Business Opportunities’ was organised by the Vietnamese Embassy to Egypt and the Egyptian Chamber of Commerce in the Red Sea Governorate, during the Vietnam-Egypt Cultural Exchange Week.

Addressing the event, Vietnamese Ambassador Do Hoang Long briefed attendees on Vietnam’s economic development over the past 30 years of reform and the milestones in the history of Vietnam-Egypt relations.

Vietnam and Egypt have huge potential for cooperation in the fields of agriculture, forestry, aquaculture, mining and tourism, the ambassador said, urging state agencies of the two nations to put forward solutions to unleash such potentials.

He suggested businesses from both sides should establish direct communication channels to reduce trade through middlemen.

Long revealed that the Vietnamese Embassy has been supporting Egyptian enterprises to set up a business forum for information exchange and firms from the Red Sea Governorate are welcomed to join.

He also expressed his hope for the establishment of a twining relationship between the central Vietnamese city of Da Nang and the Governorate which share advantages in tourism.

For his part, president of the Red Sea Chamber of Commerce Hazem Mohamed Ali reiterated that local companies are looking for cooperation and business opportunities in Vietnam, and he hoped that further similar events will be held for them to learn more about Vietnam’s business climate.

Local firms said they need more support from the embassy to do business with Vietnamese partners, with a focus on farming and forestry, electronics, timber and footwear products.

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