{"id":669655,"date":"2025-08-06T00:00:00","date_gmt":"2025-08-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/06\/egypt-vietnam-want-to-boost-trade-to-hit-usd-1-bn\/"},"modified":"2025-08-06T00:00:00","modified_gmt":"2025-08-06T00:00:00","slug":"egypt-vietnam-want-to-boost-trade-to-hit-usd-1-bn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/06\/egypt-vietnam-want-to-boost-trade-to-hit-usd-1-bn\/","title":{"rendered":"Egypt, Vietnam want to boost trade to hit USD 1 bn"},"content":{"rendered":"

Brace for more Egyptian-Vietnamese cooperation: <\/strong>President Abdel Fattah El Sisi met<\/a> with Vietnamese President Luong Cuong yesterday, where they agreed to upgrade ties between the two nations to a comprehensive partnership. The talks focused on building on recent momentum in ties between the two countries and expanding cooperation across key sectors.<\/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

Boosting trade: <\/strong>The two sides agreed to boost trade to reach USD 1 bn over the coming period, Cuong said during the joint presser held following the meeting (watch runtime: 19:35<\/a>), adding that they also agreed to look into opening up the Egyptian and Vietnamese markets for agricultural products from both sides. <\/p>\n

DATA POINT-<\/strong> Trade between Egypt and Vietnam inched up to USD 634 mn in 2024, up from USD 606 mn the year before, according to official figures from state statistics agency Capmas seen by EnterpriseAM. Egypt\u2019s exports to Vietnam stood at USD 52 mn, while imports came in at USD 582 mn.<\/p>\n

A broad-based agenda of cooperation:<\/strong> The two sides agreed to step up public and private cooperation in areas including trade, investment, agriculture, and manufacturing \u2014 apparel, electronics, fertilizers, food, chemicals, meds, renewables, and EVs, El Sisi said. El Sisi emphasized the untapped potential in bilateral trade and investment and positioned Egypt as \u201ca gateway for Vietnam to the Middle East and Africa,\u201d while suggesting that Vietnam could help Egypt reach new markets in Southeast Asia.<\/p>\n

We heard this before: <\/strong>El Sisi\u2019s remarks came one day after a meeting between Investment<\/a>Minister Hassan El Khatib and Vietnamese Deputy Industry and Trade Minister Phan Thi Thang<\/a>, during which he mentioned that Egypt sees an opportunity to use Vietnam as a springboard into Asian markets \u2014 and is positioning itself as a gateway for Vietnamese products heading to African, Arab, and European markets.<\/p>\n

Implementing the new partnership framework:<\/strong> Prime Minister Moustafa Madbouly also met with Cuong to discuss implementing the comprehensive partnership agreed upon, according to a statement<\/a>. Cuong said he would appoint a coordinator and establish a plan for implementing the partnership, while Madbouly reiterated Egypt\u2019s support for expanding cooperation in key sectors.<\/p>\n

Two MoUs were signed between the two sides <\/strong>\u2014 one on economic development signed and the other on local development.<\/p>\n

Expanding cooperation:<\/strong> Madbouly called for greater Vietnamese participation in Egypt\u2019s renewable energy sector and invited more Vietnamese companies to invest locally. Both sides agreed to fast-track market access for agri products and to resume talks on a double taxation agreement. <\/p>\n

ALSO FROM EL SISI- <\/strong>During the joint presser, El Sisi touched on what\u2019s happening in Gaza and said that the war has become \u201ca war of starvation, genocide, and an attempt to eliminate the Palestinian cause.\u201d He once again called for a ceasefire and the entry of aid to Gaza. <\/p>\n","protected":false},"excerpt":{"rendered":"

The two countries signed MoUs and pledged to deepen trade, investment, education, and tech collaboration<\/p>\n","protected":false},"author":1,"featured_media":669656,"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":[96,168,72,3513],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-669655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-diplomacy","tag-abdel-fattah-el-sisi","tag-diplomacy","tag-enterpriseam","tag-vietnam","wpautop","entry"],"acf":{"mongo_id":"c7f8722e-f537-403f-87a0-3dc613c3c49b","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/8\/323.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt, Vietnam want to boost trade to hit USD 1 bn","related_issue":[669641],"teaser":"The two countries signed MoUs and pledged to deepen trade, investment, education, and tech collaboration","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/8\/.28c36c37-aef2-49be-bc19-4322c078c6aa.mp3"},"yoast_head":"\nEgypt, Vietnam want to boost trade to hit USD 1 bn - 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The agreements \u2014 which cover fields including oil, finance, investment, exports, as well as agriculture \u2014 were signed during Vietnamese President\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":640911,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/07\/egypt-vietnam-agree-to-increase-bilateral-trade-to-usd-1-bn\/","url_meta":{"origin":669655,"position":1},"title":"Egypt, Vietnam agree to increase bilateral trade to USD 1 bn","author":"enterpriseam admin","date":"7 September 2017","format":false,"excerpt":"Egypt, Vietnam target growing bilateral trade to USD 1 bn: Egypt and Vietnam want to triple bilateral trade to USD 1 bn, with a focus on shipbuilding, IT, maritime transport, manufacturing, and agriculture, according to an Ittihadiya statement (pdf). The announcement came during President Abdel Fattah El Sisi\u2019s visit to\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":669496,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/04\/good-morning-vietnam\/","url_meta":{"origin":669655,"position":2},"title":"Good morning, Vietnam","author":"enterpriseam admin","date":"4 August 2025","format":false,"excerpt":"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","rel":"","context":"In "Diplomacy"","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/8\/91.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":651697,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/19\/president-sisi-meets-kenyan-counterpart-while-egyptian-businessmen-sign-agreements-in-kenya-and-uganda\/","url_meta":{"origin":669655,"position":3},"title":"President Sisi meets Kenyan counterpart, while Egyptian businessmen sign agreements in Kenya and Uganda","author":"enterpriseam admin","date":"19 February 2017","format":false,"excerpt":"Drive to deepen ties with Kenya: President Abdel Fattah El Sisi met yesterday with his Kenyan counterpart Uhuru Kenyatta, during which the two leaders agreed to eliminate double taxation on imports as a way to boost investment and trade, Egypt Independent reports. The two also discussed security issues and means\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":615275,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/15\/erdogan-talks-trade-politics-with-el-sisi-in-his-first-visit-to-cairo-in-over-a-decade\/","url_meta":{"origin":669655,"position":4},"title":"Erdogan talks trade, politics with El Sisi in his first visit to Cairo in over a decade","author":"enterpriseam admin","date":"15 February 2024","format":false,"excerpt":"Erdogan, El Sisi discussed boosting trade and the situations in Gaza and Libya","rel":"","context":"In "Diplomacy"","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1466.JPG?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":615388,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/18\/brazil-egypt-to-forge-closer-ties-after-lulas-visit-to-cairo\/","url_meta":{"origin":669655,"position":5},"title":"Brazil, Egypt to forge closer ties after Lula\u2019s visit to Cairo","author":"enterpriseam admin","date":"18 February 2024","format":false,"excerpt":"This was Lula\u2019s first official visit to the country since he took office in January","rel":"","context":"In "Diplomacy"","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1592.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/669655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=669655"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/669655\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/669641"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/669656"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=669655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=669655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=669655"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=669655"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=669655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}