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Tuesday, 28 August 2018

Egypt, Vietnam aim to boost bilateral trade to USD 1 bn, ink MoUs

Egypt and Vietnam signed a number of MoUs yesterday with the aim of bringing bilateral trade to a combined USD 1 bn per year, according to an Ittihadiya statement. The agreements — which cover fields including oil, finance, investment, exports, as well as agriculture — were signed during Vietnamese President Tran Dai Quang visit to Cairo, where het met with President Abdel Fattah El Sisi and other state officials. Quang is also yet to meet with Prime Minister Mostafa Madbouly and Parliament speaker Ali Abdel Aal.

A number of Egyptian ministers also met with the Vietnamese business delegation accompanying Quang to discuss investment opportunities, Investment Minister Sahar Nasr said, Youm7 reports. Business meetings are set to continue today. Vietnamese Planning and Investment Minister Nguyen Chi Dung is also scheduled to visit Egypt within the week to discuss opportunities in the Suez Canal Economic Zone.

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