Vietnam and Egypt Set Goal to Reach 1 Billion USD in Bilateral Trade

At a special ceremony held in Cairo on July 26 to commemorate the 60th anniversary of diplomatic relations between Vietnam and Egypt (1963-2023), Vietnamese Ambassador to Egypt Nguyen Huy Dung set an ambitious goal for the two countries' relations. The event, organized by the Embassy of Vietnam in Egypt, was a celebration of the strong ties between the two nations.

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During a speech at the ceremony, Ambassador Nguyen Huy Dung highlighted that Vietnam and Egypt share a common history and desire for freedom and independence, making them symbols of resilience for national liberation.

Egypt was the first country in Africa and the Middle East to establish diplomatic relations with Vietnam in 1963, and over the past 60 years, the bilateral relations between the two countries have strengthened and developed. Egypt remains one of Vietnam’s most important trade partners and potential markets in the region.

Vietnamese Ambassador to Egypt Nguyen Huy Dung

Ambassador Nguyen Huy Dung emphasized the great potential for cooperation between Vietnam and Egypt in various fields such as economics, trade, logistics, culture, education, tourism, and people-to-people diplomacy. The trade turnover between the two countries reached 600 million USD in 2022, and both countries aim to raise this figure to 1 billion USD in the future. Efforts will be made to remove trade barriers and promote cooperation between localities.

Vietnam, Egypt Aim to Raise Bilateral Trade Turnover to 1 Billion USD

Egyptian Deputy Assistant Foreign Minister for Asian Affairs Hazem El-Tahry emphasized that despite the impact of the Covid-19 pandemic, the economic relations between the two countries have continued to develop. Efforts are being made to update existing agreements and finalize new ones in the near future. Cultural exchange is also an important aspect of Vietnam-Egypt relations, and there is a need to promote cultural cooperation to enhance mutual understanding between the two countries.