Vietnam Time

9/7/2017 11:08:50 AM

Vietnam, Egypt vow to raise trade value to US$1 bln

State President Tran Dai Quang and his Egyptian counterpart Abdel Fattah Al Sisi vowed to raise the two-way trade volume to US$1 billion in the time to come.

The agreement was reached at their talks in Hanoi on September 6.

State President Quang emphasized the importance of the guest’s State visit, which is the first of its kind since the two countries established diplomatic ties in 1963.

The visit demonstrates the determination of Egypt to further deepen its traditional friendship and cooperation with Vietnam over the past decades, the Vietnamese leader said.

President Tran Dai Quang holds talks with his Egyptian counterpart Abdel Fattah Al Sisi

Speaking at the press conference after the talks, State President Quang said the two leaders affirmed to provide mutual support for the prosperity of their people as well as regional and global peace.

They agreed to increase all-level delegation exchanges, especially among high-ranking officials, while strengthening coordination at regional and international forums of the United Nations, Non-Aligned Movement, and Francophone International Organization.

The two leaders evaluated that the economic cooperation opportunities between Vietnam and Egypt are huge and supplementary.

The two sides pledged to create favorable conditions for businesses to run investment in the fields of their strengths such as telecommunication, information technology, seaport, shipbuilding, consumer production, agriculture, and farm produce processing.

Vietnam commits to facilitating the entry of Egyptian goods in Vietnam and welcomes the Egyptian President’s support for the import of Vietnamese products, said State President Quang.

He said that the signing of the minutes of the Vietnam-Egypt Intergovernmental Committee’s 5th meeting and other cooperation deals in investment, culture, tourism, transportation, fisheries and land use during the Egyptian President’s visit will help complete a legal framework for bilateral partnership in the future.

He expressed belief that with the firm foundation of the 54-year ties, as well as high collaboration potential and efforts of the two sides, the traditional friendship and all-round affiliation between the two countries will expand in an intensive and effective manner.

State President Tran Dai Quang and Egyptian President Abdel Fattah Al Sisi inspect Guard of Honor at the Presidential Palace in Hanoi on September 6.

For his part, Egyptian President Abdel Fattal el-Sisi noted that Egypt and Vietnam have enjoyed close relations in politics, economics and culture.

He affirmed that Egypt wishes to beef up win-win economic partnership between the two countries.

Highlighting measures to balance trade between the two countries, the Egyptian leader briefed on Egypt’s major projects that aim to create a good environment for investment and technology attraction, especially the Suez Canal area development project.

Egypt hopes for new prospects in bilateral cooperation, meeting the aspiration of both Vietnamese and Egyptian people.

On the occasion, President Abdel Fattah el-Sisi invited State President Quang to visit Egypt at a convenient time to continue efforts to strengthen bilateral partnership./.


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