Vietnam promotes investment in Egypt’s Aswan province

Tuesday, 2016-04-12 11:25:54
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Vietnamese Ambassador Do Hoang Long and President of the Aswan Chamber of Commerce Mohamed Abu Al Kassem (Credit: VNA)
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NDO/VNA – The Vietnamese Embassy and Trade Office in Egypt held a trade and investment promotion conference in Aswan province on April 11 to draw local businesses’ attention to Vietnam.

At the event, Vietnamese Ambassador Do Hoang Long informed local officials and participating enterprises of Vietnam’s development policies, economic strengths and development potential as well as its key export products.

He affirmed that co-operation potential between the two countries is not fully tapped as bilateral trade reached just under US$390 million in 2015, of which US$20 million came from Egypt’s exports.

The ambassador also introduced the participants to the Investment Law and preferential policies to attract more foreign investment to Vietnam, stressing that thanks to these policies, around US$20 billion is poured into the country each year.

He took the occasion to ask Aswan province administration to provide information about its policies and projects that are calling for investment, while proposing setting up links between the Vietnamese Embassy and Aswan province’s Chamber of Commerce to connect businesses of the two countries.

President of the Aswan Chamber of Commerce Mohamed Abu Al Kassem called for Vietnam’s investment in the locality’s strong fields like seafood processing and mining, while suggesting Vietnam exempt visas for Aswan businesses.