Vietnam-Egypt trade turnover on the rise
VNBusinessNews – The two-way trade turnover between Viet Nam and Egypt reached US$180 million in 2007, a year-on-year increase of 70%, according to the Vietnamese Trade Office in Egypt.
The country’s key export items to the Egyptian market include coffee, rice, pepper, seafood and other farm products.
The Vietnamese Trade Counsellor to Egypt, Dang Ngoc Quang, says that the current global economic crisis is having a negative impact on the two countries’ trade turnover. However, he says Egypt has an increasing demand for foodstuff, farm products and essential commodities that could result in a potential trade turnover of US$210 million in 2009, up 20% compared to the previous year.
To achieve this target, Mr Quang says, the Vietnamese Trade Office in Egypt is carrying out many trade promotion programmes, increasingly the exchange of business delegations and boosting the dissemination of information via books and newspapers, as well as organising and participating in seminars and trade fairs in Egypt.
