Previously, President Sisi had encouraged Vietnamese industrial sector to invest in Egypt, pointing out whilst addressing the Egyptian-Vietnamese business forum in Hanoi in 2017 that Egypt is one of the top countries for return on investment (ROI) in terms of incentives offered to investors.
Commenting on the Vietnamese President’s visit, Member of Parliament Emad saad said Monday that Quang’s visit implies the strong cooperation and partnership between the two countries in a multitude of fields and subfields, most notably investment and trade sectors.
President Quang’s visit aims to search possible developments in the economic, trade and investment field; the meeting also seeks to enhance cooperation opportunities in agriculture, culture and tourism fields, MP Hamouda said in a Monday statement.
Vietnam wishes to make economic co-operations with Egypt in different fields, especially agriculture field, Hamouda announced.
On an international level, the Egyptian and Vietnamese Presidents are set to discuss the crisis in the Middle East and its effects on trade and investment within the region.
Possible cooperation Main fields tackled by both countries include developing fisheries, rice cultivation in areas of scarce water, and manufacturing ships, according to a previous statement by Egyptian Foreign Ministry spokesperson Ahmed Abu Zeid.
Egypt is suffering water scarcity and passed a law to reduce water-intensive crops such as rice and sugarcane, and the country could be turned from a rice exporter to importer.
President Sisi welcomed Thưởng and his accompanying delegation, praising the bilateral relations between the two countries, which saw improvement during Sisi’s visit to Hanoi in September 2017, the statement added.
Egypt’s Foreign Minister Sameh Shoukry met Thưởng and his delegation on Thursday, discussing ways of reinforcing the relations in all fields, said Egyptian Foreign Ministry spokesperson Ahmed Abu Zeid in a statement.
The pair also met with Vietnamese companies operating in communications and textile sectors, to present investment opportunities in the Suez Canal Economic Zone (SCZone).