{"id":669496,"date":"2025-08-04T00:00:00","date_gmt":"2025-08-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/04\/good-morning-vietnam\/"},"modified":"2025-08-04T00:00:00","modified_gmt":"2025-08-04T00:00:00","slug":"good-morning-vietnam","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/04\/good-morning-vietnam\/","title":{"rendered":"Good morning, Vietnam"},"content":{"rendered":"

It\u2019s <\/strong>day two of Vietnamese President Luong Cuong\u2019s state visit to Egypt<\/strong> \u2014 the first by a Vietnamese head of state since we upgraded ties to a strategic partnership in 2018. Cuong and President Abdel Fattah El Sisi aim to boost cooperation on trade, investment, education, and green energy, according to a statement from Vietnam\u2019s Foreign Ministry. <\/p>\n

On the agenda: <\/strong>Expect a heavy focus on economic ties now that Vietnam has been hit by a 20% US tariff<\/a>. Vietnam has made deepening its relationships in Africa and the Middle East a foreign policy priority, according to Deputy Foreign Minister Nguyen Minh Hang. Nguyen told Vietnam News<\/a> that working together in both countries on green infrastructure and food production is high on the priority list, alongside agriculture, education, and healthcare.<\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

There\u2019s lots of room to grow trade and investment with Vietnam \u2014 the base is low. <\/strong>There\u2019s one Vietnamese investor in Egypt right now, according to a state-owned Vietnamese media outlet<\/a>, with investments of about USD 30 mn. Our total investment in Vietnam is about a tenth of that. Cuong is heading to Angola after his stop in Egypt, state-owned Voice of Vietnam<\/a> reports. Two-way trade hit USD 540 mn last year, almost all of it Vietnamese sales to Egypt, Vietnamese state media quoted Ambassador Nguyen Huy Dung as saying.<\/p>\n

IN CONTEXT- <\/strong>There\u2019s a lot we can learn from Vietnam when it comes to exports and FDI. The country, while still under communist rule, has shown what\u2019s possible when policymakers commit to a clear industrial policy. Over the past two decades, Vietnam has built a tightly woven network of single-industry economic clusters that have unlocked substantial FDI inflows.<\/p>\n

Annual FDI inflows into Vietnam rose from c. USD 15.8 bn in 2016 to <\/strong>USD 38.2 bn by<\/a><\/strong>2024<\/a><\/strong>.<\/strong> These clusters \u2014 located across the country and linked by solid infrastructure \u2014 helped Vietnam become a critical node in global supply chains. <\/p>\n

SOUND SMART- Nearly <\/strong>45% of all Samsung smartphones worldwide<\/a><\/strong> are made there.<\/strong> Intel runs one of its largest chip testing facilities in Ho Chi Minh City (not that Intel is necessarily long for this world, but \u2026 still\u2026). Foxconn, BYD, LG, and Panasonic assemble everything from iPads to TVs and optical sensors in Vietnamese industrial parks. Apple buys from dozens of suppliers there and wants to invest more, CEO Tim Cook has said<\/a>.<\/p>\n

Capturing a piece of global supply chains can change economic destinies<\/strong>, our friend Simon Kitchen, now partner and head of macro strategy at Emerging & Frontier Capital, told us a few years back. His example at the time? Vietnam. \u201cLook at the experience in Vietnam, where they have created single-industry economic zones,\u201d he said. \u201cYou see people in low-income jobs suddenly having opportunities to get their heads above water. They save and have disposable income. They invest in education \u2014 their own and that of their kids. They buy consumer goods and start to participate in the formal financial system. Then service businesses build up around the zones to serve this emerging middle class. The multiplier is formidable. When you\u2019re a nation of more than 100 mn people, it\u2019s not about the 10k jobs in a given subsector \u2014 it\u2019s about the multiplier effect. You want clusters close to centers of population so they can create [chances] for marginally employed people and kick off this virtuous cycle.\u201d<\/p>\n

Background: <\/strong>Cuong\u2019s visit comes a little more than three months after a Vietnamese business<\/a>delegation traveled to Cairo<\/a> for talks with local exporters and officials in the Sisi administration. <\/p>\n","protected":false},"excerpt":{"rendered":"

We don\u2019t trade much with Vietnam (yet), but there\u2019s a hell of a lot we can learn from Hanoi when it comes to FDI and exports<\/p>\n","protected":false},"author":1,"featured_media":669497,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7262],"tags":[168,72,3513],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-669496","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-diplomacy","tag-diplomacy","tag-enterpriseam","tag-vietnam","wpautop","entry"],"acf":{"mongo_id":"74a70625-8f34-4db0-80a2-bfee24c5e087","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/8\/91.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Vietnam\u2019s president is in Egypt looking for a foothold in Africa \u2014 there\u2019s plenty Cairo can learn from Hanoi","related_issue":[669480],"teaser":"We don\u2019t trade much with Vietnam (yet), but there\u2019s a hell of a lot we can learn from Hanoi when it comes to FDI and exports","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/8\/.40f2a24c-0e78-4335-a909-15ed793676fd.mp3"},"yoast_head":"\nGood morning, Vietnam - 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Investment Minister Sahar Nasr and Suez Canal Economic Zone (SCZone) chairman Mohab Mamish discussed cooperation in\u2026","rel":"","context":"In "Diplomacy + Foreign Trade"","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":640959,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/10\/el-sisi-talks-cooperation-in-vietnam-kicks-off-egypt-vietnam-business-forum\/","url_meta":{"origin":669496,"position":2},"title":"El Sisi talks cooperation in Vietnam, kicks off Egypt-Vietnam business forum","author":"enterpriseam admin","date":"10 September 2017","format":false,"excerpt":"Vietnamese investors coming, too? Over in Hanoi, President Abdel Fattah El Sisi discussed cooperation with Vietnamese Prime Minister Nguyen Xuan Phuc (pdf), who noted that Vietnam is interested in importing chemicals, meds, and cotton from Egypt and is looking to cooperate on agriculture, transport, education, and tourism. 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