Business opportunities in Vietnam introduced to Egypt
A seminar took place in El Gouna of the Red Sea Governorate, Egypt on July 25 to introduce to local firms the potentials and business opportunities in Vietnam and boost bilateral trade between the two
The seminar entitled “The Vietnamese market: Potentials and Business Opportunities” took place on July 25.(Source: VNA)
Cairo (VNA) – A seminar took place in El Gouna of the Red Sea Governorate, Egypt on July 25 to introduce to local firms the potentials and business opportunities in Vietnam and boost bilateral trade between the two countries.
The seminar entitled “The Vietnamese market: Potentials and Business Opportunities” was organised by the Vietnamese Embassy to Egypt and the Egyptian Chamber of Commerce in the Red Sea Governorate, during the Vietnam-Egypt Cultural Exchange Week.
Addressing the event, Vietnamese Ambassador Do Hoang Long briefed attendees on Vietnam’s economic development over the past 30 years of reform and the milestones in the history of Vietnam-Egypt relations.
Vietnam and Egypt have huge potential for cooperation in the fields of agriculture, forestry, aquaculture, mining and tourism, the ambassador said, urging state agencies of the two nations to put forward solutions to unleash such potentials.
He suggested businesses from both sides should establish direct communication channels to reduce trade through middlemen.
Long unveiled that the Vietnamese Embassy has been supporting Egyptian enterprises to set up a business forum for information exchange and firms from Red Sea Governorate are welcomed to join.
He also expressed his hope for the establishment of a twining relationship between the central Vietnamese city of Da Nang and the Governorate which share a common advantage in tourism.
For his part, president of the Red Sea Chamber of Commerce Hazem Mohamed Ali reiterated that local companies are looking for cooperation and business opportunities from Vietnam, and he hoped that further similar events will be held for them to learn about Vietnam’s business climate.
The local firms said they need more support from the embassy to do business with Vietnamese partners; with the focus on farming and forestry, electronics, timber and footwear pro🐻ducts.-VNA
Deputy head of the Government Committee for Religious Affairs Bui Thanh Ha met with Egyptian Minister of Religious Endowments Muhammad Mukhtar Jumu’ah in Cairo on April 26 to boost cooperation in the
Ambassadors from ASEAN member countries were brought together at a workshop in Cairo on June 4 to exchange economic and investment cooperation with Egypt.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
The seminar entitled “The Vietnamese market: Potentials and Business Opportunities” took place on July 25.(Source: VNA)
