FILE - Egypt's President Abdel-Fattah El-Sisi (R) and Vietnamese counterpart Tran Dai Quang (L) during a welcoming ceremony at the presidential palace in Hanoi in September 2017 (Photo: AFP)CAIRO – 27 August 2018: Vietnamese President Tran Dai Quang’s visit to Egypt is expected to lead to the signing of a number of Memorandums of Understanding (MoU) with President Abdel Fatah al-Sisi in the fields of trade, industry and investment, Spokesperson Bassem Rady told Egypt Today. Quang is also set to meet with Prime Minister Moustafa Madbouly and Parliament Speaker Ali Abdel Aal.Following his visit, Nguyen Chi Dung, the Vietnamese Planning and Investment Minister, will visit Egypt to discuss opportunities in the SC-Zone. Previously, President Sisi had encouraged Vietnamese industrial sector to invest in Egypt, pointing out whilst addressing the Egyptian-Vietnamese business forum in Hanoi in 2017 that Egypt is one of the top countries for return on investment (ROI) in terms of incentives offered to investors. Sisi encourages and welcomed the idea of partnerships between Vietnamese industrialists and investors and their Egyptian counterparts.Commenting on the Vietnamese President’s visit, Member of Parliament Emad saad said Monday that Quang’s visit implies the strong cooperation and partnership between the two countries in a multitude of fields and subfields, most notably investment and trade sectors.President Quang’s visit aims to search possible developments in the economic, trade and investment field; the meeting also seeks to enhance cooperation opportunities in agriculture, culture and tourism fields, MP Hamouda said in a Monday statement.MP Hamouda said that the visit comes in order to promote the trade exchange between the two countries. Vietnam is the second largest rice exporter in the world after Thailand.Abu Zeid added that that the two sides discussed communications and information technology, oil, gas and renewable energy, as well as small and medium enterprises.

Source: Egypt Today August 27, 2018 13:41 UTC