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Investment and business seminar held in Egypt

The Embassy of Vietnam on November 10 sponsored a seminar in Egypt aimed at promoting investment and business opportunities for the nation’s agro-forestry and fisheries sector.
At the seminar, a Ministry of Industry and Trade (MoIT) representative updated those in attendance on the nation’s political and business climate and answered queries.

Deputy Director of the MoIT’s South-West Asia and Africa Department Hoang Duc Nhuan in turn said the two-way trade turnover between the two countries has been steadily trending upwards over recent years.
In the first six months of this year alone, it reached nearly US$174 million, of which Vietnam exports to Egypt registered US$162 million and imports from Egypt tallied in at more than US$11 million, Nhuan said.

Key exports to Egypt included seafood (tra and basa fish, frozen shrimp), fibre, pepper, cashew nut, automobile spare parts, machines, equipment, chemicals, rubber, telephones and components.

Meanwhile the country mainly imported garment and footwear materials, iron ore, oil and gas, pharmaceuticals, milk, fibre and vegetables and fruit.

Nhuan said the MoIT and the Embassy in Egypt have been actively carrying out trade promotion activities in the African market, such as organising seminars and business forums.

Nhuan also extended an invitation for all Egyptian businesses to attend Vietnam Expo in April and October of next year.



Tags: agro-forestry, Egypt, fisheries, MoIT, seafood, tre, Vietnam Expo, đầu tư,