Việt Nam and Egypt Strengthen Bilateral Cooperation in Trade and Investment

Việt Nam and Egypt are strengthening their bilateral ties through enhanced cooperation in trade, investment, and regional stability. Deputy Foreign Minister Nguyễn Minh Hằng’s visit highlights mutual interests in economic collaboration and addressing international issues, including the Middle East conflict and maritime disputes.

During her visit to Egypt on November 28-29, Deputy Minister of Foreign Affairs Nguyễn Minh Hằng met with Egyptian Foreign Minister Badr Abdelatty to co-chair the 10th political consultation between their ministries. They acknowledged the progress made in their cooperative relationship, particularly in economic, trade, and investment sectors, with growing interest from Vietnamese businesses in Egypt. Abdelatty commended Việt Nam’s socio-economic successes and expressed eagerness to enhance relations, particularly through intergovernmental cooperation and business partnerships.

Amidst discussions, Abdelatty highlighted Egypt’s strategic market of 115 million people and encouraged Vietnamese enterprises to explore investment opportunities. The Vietnamese diplomat outlined the extensive history of Việt Nam-Egypt relations, advocating for comprehensive cooperation and the strengthening of political trust through high-level visits. Hằng urged the exploration of new collaboration avenues in sectors such as Halal products and renewable energy, calling for a negotiation of a potential free trade agreement.

The two sides also deliberated on upcoming meetings and agreements concerning trade and investment. Furthermore, they addressed regional issues, specifically the ongoing Middle East conflict, advocating for a ceasefire and humanitarian assistance in Gaza, and underscoring the significance of the two-state solution for peace. On matters of maritime disputes in the East Sea, Hằng requested Egypt’s support for ASEAN’s peaceful resolution approach, affirming the importance of multilateralism and adherence to international law. The meeting concluded with a mutual commitment to maintain friendship and cooperation globally.

The engagement between Việt Nam and Egypt reflects the strengthening relationship between the two nations, emphasizing cooperation across various sectors, particularly in trade and investment. This collaboration is supported by a historical bilateral relationship spanning over 60 years, with both parties recognizing the need to adapt to new economic opportunities and challenges in a rapidly globalizing market. The discussions also touched on broader regional and global issues, highlighting the countries’ willingness to jointly navigate international affairs nurturing peace and development.

In summary, the meeting between Deputy Minister Nguyễn Minh Hằng and Minister Badr Abdelatty marks a significant step in enhancing Việt Nam-Egypt relations, focusing on economic cooperation and investment opportunities. The discussions extended beyond bilateral ties, addressing regional stability and multilateralism. Both nations reaffirmed their commitment to fostering collaborative efforts that promote mutual growth and address global challenges.

Original Source: vietnamnews.vn