Vietnam, Egypt strive for 1 billion USD trade

Prime Minister Nguyen Xuan Phuc (R) receives Egyptian President Abdel Fattah el-Sisi in Hanoi on September 7 (Photo: VNA)

Hanoi (VNA) – Prime Minister
Nguyen Xuan Phuc said he will instruct competent Vietnamese agencies to
coordinate with their Egyptian counterparts to accelerate the implementation of
commitments reached by the two countries’ leaders, thus soon bringing the
bilateral trade to 1 billion USD.

He told visiting Egyptian President Abdel Fattah el-Sisi in Hanoi on
September 7 that Vietnam always treasures the traditional friendship and mutually
beneficial cooperation with Egypt.

The PM
called on the two sides to step up their cooperation across fields, saying they
should increase the exchange of goods of their strength such as tea, seafood,
rice, cashew nuts, coffee, pepper, garments-textiles and rubber of Vietnam, and
petrochemical products, chemicals, cotton and processed food of Egypt.

suggested Egypt soon approve the Double Taxation Avoidance Agreement signed by
the two countries in 2006, create conditions for the Vietnam National Oil and
Gas Group (PetroVietnam) to seek investment opportunities and provide oil-related
services in Egypt.

wishes to further its collaboration with Egypt in national defence,
agriculture, culture, tourism, transport and education-training, the Government
leader said.

his thanks to the Egyptian Government for granting Arabic language scholarships
to Vietnamese students, PM Phuc said these students have significantly
contributed to the bilateral ties.

He urged
the two countries’ diplomatic agencies to coordinate with each other in organising
activities to celebrate the 55th anniversary of diplomatic ties.

The host
suggested assigning competent agencies of Vietnam and Egypt to research President
Ho Chi Minh’s activities in Egypt, considering it an invaluable asset that
helps tighten the bilateral relationship.

He thanked
the Egyptian Government and people for their support to Vietnam in evacuating Vietnamese
guest workers from Libya in 2011 and 2014.

In reply,
President el-Sisi said his visit aims to affirm that Egypt always places
importance to the relationship with Vietnam in all fields.

He also
used the occasion to invite PM Phuc to pay an official visit to Egypt.

[Photos: Egyptian President pays first-ever State visit to Vietnam]

President informed the host about outcomes of his talks with President Tran Dai
Quang, during which the two sides were unanimous in cooperation orientations
and signed agreements.

Egypt hopes
to cooperate with Vietnam and learn from the country’s experience in socio-economic
development, he said.

highly appreciates Vietnam’s experience, particularly in developing industrial
parks, fishery and seafood processing, the President said, noting his wish that
the two countries will join hands in these realms at both Government and
business levels.

el-Sisi said Egypt has about a 4,000 km Red Sea coastline and a market of 91
million people, which, he considered a great opportunity for Vietnamese
businesses to invest in the country.

Egypt also
serves as a gateway for Vietnam to enter the African and Middle East markets,
he said, adding that Egypt’s engagement in free trade agreements with Africa,
Gulf States and Europe would make it easier for Vietnamese goods to access
these markets, the President said.

He stressed
that Egypt wishes to balance trade with Vietnam and that Vietnamese enterprises
will invest in his country’s industrial parks.

education, Egypt stands ready to provide scholarships for Vietnamese students,
he said, voicing his hope for enhanced bilateral cooperation in tourism.-VNA

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