Before leaving, the State leader had a meeting with a delegation from the Federation of Egyptian Chambers of Commerce (FEDCOC), including its Chairman Ahmed Al Wakil, Secretary General and CEO Alaa Ezz, and President of Elsewedy Electric Ahmed El Sewedy.
President Tran Dai Quang affirmed that Vietnam always highly values the traditional cooperation and friendship with Egypt, expressing his hope that his visit will help lift up the bilateral ties to a new height.
He spoke highly of the all-round partnership between the two countries over the past year, but he held that economic and trade affiliation has yet to match the potential of both sides.
The two countries should work harder to raise two-way trade to 1 billion USD by 2020, he said, stressing the role of businesses in enhancing economic-trade ties.
He affirmed that Vietnam is ready to create optimal conditions for Egyptian firms to connect with their Vietnamese peers and conduct market surveys, trade, investment and tourism promotion in Vietnam, while encouraging Vietnamese enterprises to seek opportunities in Egypt.
FEDCOC Chairman Ahmed Al Wakil said that the business community is interested in outcomes of President Tran Dai Quang’s visit. He held that in order to reach the target of $1 billion in two-way trade by 2020, it is necessary to enhance cooperation as well as the sharing of information and experience in agriculture, aquaculture, rice export, and information technology.
Located in the position connecting Asia, Europe and Africa, Egypt and the local business community are willing to act as a bridge for Vietnamese goods to access markets in the three continents, he stated.
President Tran Dai Quang lauded the efforts of the FEDCOC leader in connecting the business communities of Egypt and Vietnam. He said he hopes the federation will soon implement outcomes reached by leaders of the two countries during his visit, while promoting cooperation between FEDCOC and the Vietnam Chamber of Commerce and Industry as well as localities and enterprises of both sides, contributing to developing economy, trade and tourism in both Vietnam and Egypt.