Agreed to promote Vietnam - Egypt economic cooperation in a sustainable and mutually beneficial direction

On the afternoon of August 5 local time, within the framework of his State visit to the Arab Republic of Egypt, President Luong Cuong met with Egyptian Prime Minister Mostafa Madbouly.

President Luong Cuong meets with Egyptian Prime Minister Mostafa Madbouly. Photo: Lam Khanh/VNA

According to VNA special correspondent, at the meeting, Egyptian Prime Minister Mostafa Madbouly expressed his pleasure to meet with President Luong Cuong on the occasion of the President's state visit to Egypt, affirming that the visit is an important milestone, opening a new beginning in the good bilateral relationship between the two countries.

Expressing his warm feelings and love for the country and people of Vietnam, the Egyptian Prime Minister congratulated Vietnam on its outstanding development achievements, expressing his impression and belief that Vietnam will realize the goal of becoming a developed, high-income country by 2045.

The Egyptian Prime Minister was pleased to learn that the two countries had agreed to upgrade their relationship to a Comprehensive Partnership, affirming that the Vietnam-Vietnam relationship is a special historical relationship, established early and highly promoted by President Abdel Fattah El-Sisi, the Prime Minister himself and all senior Egyptian leaders.

Expressing his sincere thanks to the Egyptian leaders and people for their warm and respectful welcome to the Vietnamese high-ranking delegation, the President expressed his impression of Egypt's rapid development, especially in the construction and development of new urban areas and administrative centers, demonstrating Egypt's vision and aspiration to break through and rise up.

President Luong Cuong affirmed that Vietnam always attaches importance to developing the traditional friendship and multifaceted cooperation with Egypt and hopes to bring bilateral cooperation to a new height, making it stronger, more substantial and more effective.

Appreciating the cooperation opportunities with Egypt and Africa, President Luong Cuong suggested that the two sides increase the exchange of high-level delegations and all levels, build new legal frameworks, and facilitate bilateral cooperation in all fields.

Agreeing to promote economic cooperation in a sustainable and mutually beneficial direction, the President proposed creating favorable conditions for businesses of both sides to invest and cooperate in areas of strength such as logistics, energy infrastructure construction, industrial production, textiles, renewable energy, etc., as well as in new and potential areas such as green transformation, digital transformation, Halal, etc.

Along with that, according to the President, the two sides need to step up coordination, consultation and mutual support at international and regional forums, and increase experience exchange in the fields of peacekeeping and mediation to actively contribute to peace and stability in each region and the world.

The President also asked the Egyptian Prime Minister to pay attention to and create favorable conditions for the Vietnamese community in the country to do business and live stably, thereby contributing to the development of Egypt and the relationship between the two countries.

President Luong Cuong meets with Egyptian Prime Minister Mostafa Madbouly. Photo: Lam Khanh/ VNA

Impressed by Vietnam's strategic goals, Prime Minister Madbouly said Egypt is also implementing reforms, restructuring the private sector, attracting foreign investment, promoting the industrial revolution, information technology, green transformation, and minimizing the impact of climate change.

Emphasizing that the two countries have many similarities, Prime Minister Mostafa Madbouly hopes that the two sides will strengthen cooperation and effectively exploit the potential in bilateral relations, including actively coordinating towards initiating negotiations on the Vietnam - Egypt Free Trade Agreement (FTA) on the basis of equality, balance and mutual benefit, and making efforts to increase the value of trade turnover as President Abdel Fattah El-Sisi and President Luong Cuong agreed at the previous talks.

On the other hand, Prime Minister Mostafa Madbouly proposed the establishment of the Vietnam - Arab Business Council, affirming that it will be a bridge connecting Vietnam with markets in the Middle East - Africa region and Arab countries.

The Egyptian Prime Minister was pleased to welcome Vietnamese investors, affirmed to create favorable conditions for Vietnamese enterprises to do business in Egypt and is ready to welcome Vietnamese students to study at the Islamic University and other schools in Egypt.

The head of the Egyptian government highly appreciated Vietnam's role at the United Nations and said he would send a delegation to attend the signing ceremony of the United Nations Convention against Cybercrime, scheduled to be held in October in Hanoi.

On this occasion, President Luong Cuong conveyed Prime Minister Pham Minh Chinh's respectful invitation to Prime Minister Mostafa Madbouly to visit Vietnam soon. The Egyptian Prime Minister happily accepted the invitation.

Hoai Nam (Vietnam News Agency)

Source: https://baotintuc.vn/thoi-su/nhat-tri-day-manh-hop-tac-kinh-te-viet-nam-ai-cap-theo-huong-ben-vung-cung-co-loi-20250806060607707.htm