(VOVWORLD) - Prime Minister Pham Minh Chinh met with his Egyptian counterpart Mostafa Madbouly in Riyadh on Tuesday while attending the 8th Future Investment Initiative (FII) Summit and visiting Saudi Arabia.
 Prime Minister Pham Minh Chinh meets with Egyptian Prime Minister Mostafa Madbouly (Photo: VOV) |
The Vietnamese leader praised Egypt’s role and position within the region and at multilateral forums and proposed the two countries advancing relations across all sectors to elevate bilateral ties to new heights.
Prime Minister Madbouly expressed interest in deepening ties, and noted that Vietnamese businesses investing in Egypt can benefit from Egypt’s free trade agreements with Arab nations.
 At the meeting between Prime Minister Pham Minh Chinh and Egyptian Prime Minister Mostafa Madbouly (Photo: VOV) |
The two leaders agreed to explore potential agreements and frameworks to bolster trade relations, recognising the complementary strengths of both economies and their substantial untapped potential.
They discussed the possibility of establishing a bilateral trade cooperation framework to increase trade volume in the coming years, and agreed to encourage mutual investment in electric vehicles, software development, renewable energy, solar energy, green transition, and digital transformation, as well as to promote cooperation in training, cultural exchange, and tourism to deepen mutual understanding.
The two sides pledged to continue supporting each other at multilateral forums and to act as bridges for strengthening partnerships with ASEAN and Arab nations, advancing mutual benefits, peace, cooperation, and development in both regions.