Phuong praised GAFI’s efforts in creating a transparent and favourable investment environment and in effectively supporting foreign businesses, notably European Plastic Joint Stock Company (EuP), a representative Vietnamese enterprise investing in Egypt since 2022.

Introducing EuP, he noted that it is one of Vietnam’s pioneering enterprises in methodical and professional overseas investment with a long-term vision. The company is gradually establishing its position in the field of high-quality plastic materials and not only invests in production facilities but also actively supports Vietnamese partners and suppliers in exploring and expanding the market in Egypt.

He affirmed that the Vietnamese Government and the Ministry of Finance highly value the traditional friendship and cooperation between Vietnam and Egypt, especially in economy and investment, and expressed the desire to further strengthen practical cooperation activities.

In particular, he called on the Egyptian side to continue facilitating conditions and explore mechanisms to encourage Egyptian enterprises to invest in Vietnam, leveraging the market potential of 100 million consumers, with a dynamic economy and an increasingly improved investment environment.

The Deputy Minister also shared information about Vietnam’s strategy to attract new-generation foreign direct investment (FDI), which prioritises high-tech, environmentally friendly projects that generate significant added value.

Vietnam has established three free trade zones in Da Nang, Vung Tau, and Hai Phong to pilot new investment and business models. The country is also developing an international financial centre based in Ho Chi Minh City and Da Nang City, aiming to enhance competitiveness and regional/global financial connectivity.

To promote effective bilateral investment cooperation, the Deputy Minister proposed establishing a standing liaison mechanism for investment between GAFI and Vietnam’s Ministry of Finance.

At the meeting, GAFI Vice President Abbas provided an overview of the FDI landscape in Egypt and highlighted GAFI's role in coordinating and supporting the attraction of international capital flows.

Both sides agreed to enhance the exchange of information, experiences, and investment attraction policies based on market potential, institutional capacity, and shared development orientations. They also proposed organising investment promotion activities such as business roundtables, seminars, or bilateral investment forums in either Egypt or Vietnam.

The Egyptian side also raised the idea of holding a business networking roundtable during the 6th Session of the Vietnam–Egypt Joint Committee, expected to take place by the end of 2025, to further strengthen bilateral economic and trade cooperation.

Deputy Minister Phuong affirmed that Vietnam is ready to share its experience in investment management, particularly in institutional reform, legal improvement, and the orientation toward attracting high-quality FDI. Vietnam prioritises projects in high-tech, green economy, and innovation, and is vigorously implementing free trade zones and international financial centres.

He also suggested both sides increase institutional cooperation, such as through policy dialogues, memoranda of understanding (MoUs) on investment promotion, and co-hosting business roundtables in Hanoi or Cairo.

State President’s visit to Egypt expected to open new phase of trade cooperation

The state visit by State President Luong Cuong to Egypt is expected to deepen bilateral cooperation and lay the groundwork for elevating the Vietnam- Egypt relationship to a comprehensive partnership.