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Viet Nam to increase exports to Egypt
Vietnamese exports to Egypt were likely to increase by 40-50 per cent to over US$270 million this year, according to the Viet Nam Trade Counsellor in Egypt Dang Ngoc Quang.
In order to achieve this, the country should develop new export products as well as traditional goods with high export value. A long-term and effective export strategy was also necessary to better penetrate the market, he said.
Two way trade reached over $200 million last year, of which Viet Nam enjoyed a trade surplus of nearly $180 million. Among Viet Nam's key export items were seafood, pepper, petroleum, garments and textiles, footwear, pharmaceuticals and plastic goods.
Egypt has a high demand for imported goods and each year, imports billions of dollars worth of products.
The Egyptian economy was also likely to recover this year, resulting in an increased demand for imports, Quang noted.
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