Big opportunities for Vietnam-Egypt economic, trade ties: Deputy FM
Deputy Prime Minister Tran Luu Quang’s visit to Egypt from July 25-27 has been a success, with significant, substantial and comprehensive outcomes, opening up a new period in bilateral economic, trade and investment cooperation, said Deputy Minister of Foreign Minister Ha Kim Ngoc.
Deputy Prime Minister Tran Luu Quang (L) and First Deputy Speaker of the Egyptian House of Representatives Ahmed Saad El-Din Mohamed Abd El-Rehim. (Photo: VNA)
Cairo (VNA) – Deputy Prime Minister Tran Luu Quang’svisit to Egypt from July 25-27 has been a success, with significant,substantial and comprehensive outcomes, opening up a new period in bilateraleconomic, trade and investment cooperation, said Deputy Minister of ForeignMinister Ha Kim Ngoc.
During an interview recentlygranted to Vietnam News Agency in Cairo, Ngoc said in terms of politics, thevisit was a practical activity marking the 60th anniversary of Vietnam-Egyptdiplomatic ties, contributing to consolidating traditional and trustworthy friendshipwith Egypt, a leading partner of Vietnam in the Middle East and North Africa. High-ranking Egyptianleaders met and held talks with Deputy PM Quang.
It could be said that the visit has created astrong driving force for comprehensive partnership between Vietnam and Egypt,he said.
According to him, bothsides reached consensus on a range of important measures to lift two-way trade to1 billion USD from around 600 million USD last year.
They agreed to create favourable conditionsfor each other's major export items, promote cooperation on Halal products, andestablish the Vietnam-Egypt Business Council in the coming time. They willorganise the sixth meeting of the Vietnam-Egypt Joint Committee while strengtheningfinancial-monetary and locality-to-locality collaboration.
The capital cities of Hanoi and Cairo signeda friendship and cooperation agreement while another betweenthe State Bank of Vietnam and the Central Bank of Egypt was also inked.
Notably, the Vietnamese official held thefirst-ever high-level meeting with leaders of the Arab League (AL)headquartered in Cairo, marking a significant milestone contributing to more effective and substantial cooperation between Vietnam and the AL and its 22 membercountries which have a population of 500 million and a total GDP of over7 trillion USD, he said, adding that the two countries’ leaders support and share political determination to lift bilateral ties to a greater height.
According to Ngoc, Minister of Industry andTrade Nguyen Hong Dien said both sides are exploring the possibility ofstarting negotiations on a bilateral Free Trade Agreement (FTA) between Vietnamand Egypt, and the next step could be an investment protection agreementbetween the two countries.
𝔉 The two sides have offered mutual support atmultilateral forums and stepped up cooperation between ASEAN and the AL. Inthis regard, the Vietnamese Ministry of Foreign Affairs signed an agreementwith the AL Secretariat to boost collaboration in areas of shared interest, headded./.
Foreign Minister Bui Thanh Son hosted a reception for Egyptian Ambassador to Vietnam Amal Abdel Kader Elmorsi Salama in Hanoi on July 7, during which the guest affirmed to do her utmost to create a breakthrough for the two countries' ties in order to raise bilateral trade to 1 billion USD as set by the nations' leaders.
The Vietnamese Embassy in Egypt on July 26 held a ceremony to mark the 60th anniversary of the establishment of Vietnam-Egypt diplomatic ties (September 1, 1963 – September 1, 2023).
Deputy Prime Minister Tran Luu Quang and Prime Minister of Egypt Mostafa Madbouly have agreed to continue cultivating bilateral traditional friendship and fine cooperation via further increasing the exchange of delegations, especially those at high level.
Representatives of two capital cities of Hanoi and Cairo on July 27 signed a friendship and cooperation agreement in the witness of Deputy Prime Minister Tran Luu Quang, on his official visit to Egypt.
Lawmakers are set to vote on revisions and amendments to a broad spectrum of legal frameworks and impactful resolutions during the final week of the 15th NA's 9th session.
The State Committee for Overseas Vietnamese Affairs (SCOVA) has served as a bridge connecting and uniting the community with the homeland, becoming a trusted source of support for Vietnamese expats in times of hardship.
The programme to eliminate temporary and dilapidated houses has achieved notable results, with nearly 263,000 housing units addressed to date, including 225,000 houses inaugurated and 38,000 under construction. Thirty-eight provinces and cities across the nation have already fulfilled their targets.
Stronger efforts and determination are required to achieve and surpass the set targets, especially in the eradication of makeshift and dilapidated houses nationwide, the acceleration of public investment disbursement, and the implementation of nationally important transport projects, PM Pham Minh Chinh noted.
The trip will be made at the invitations of Chinese Premier Li Qiang and WEF President and CEO Børge Brende, according to an announcement from the Ministry of Foreign Affairs.
Long spoke highly of the dynamic, positive, and comprehensive development of Vietnam – Russia relations in recent years. He affirmed that the Vietnamese Party and State place great importance on further strengthening the comprehensive strategic partnership with Russia in a substantive and effective manner, in line with the development needs of both nations.
At the conference, participants reported that the Government has so far issued 28 decrees on the delegation of responsibilities and powers between the central Government and two-tier local administrations. Several localities have already piloted the new governance model.
Reality is the ultimate benchmark for success, he said, urging drafting agencies to work out policies that foster development, reduce bureaucratic hurdles, and respect practical conditions.
Under the official dispatch signed on June 20, ministers, heads of ministerial-level agencies, and chairpersons of provincial and municipal People’s Committees are requested to concentrate efforts on implementing core measures to ensure the smooth operations of the new administrative framework.
The Party chief underscored the need for the press to innovate relentlessly, evolve to keep pace with the country's development, transform into a truly professional, humanistic, and modern sector that serves the cause of the Party, the State, and the people on the path to national construction and development.
The UN Secretary-General praised Vietnam’s remarkable achievements in socio-economic development and international integration in recent years, noting that the country has emerged as a model in implementing the Sustainable Development Goals (SDGs), promoting international peace and security, and engaging in key UN processes.
Nghia affirmed that this is a milestone of special significance, affirming and honouring the the Vietnamese revolutionary press’s glorious tradition of 100 years of serving the revolutionary cause of the Party, serving the Fatherland, and serving the people.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
Deputy Prime Minister Tran Luu Quang (L) and First Deputy Speaker of the Egyptian House of Representatives Ahmed Saad El-Din Mohamed Abd El-Rehim. (Photo: VNA) 
