Vietnam News Network

Vietnam News: Local, National, Business, Sport, Entertainment and Technology

Trade ETHUSD, Bitcoin and Cryptocurrencies

BUY & SELL ETHUSD | View ETHUSD News & Updates

Buy Sell ETHUSD, Bitcoin and Cryptocurrencies

Viet Nam to increase exports to Egypt   2011-01-06 - VNS

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.

Other news

Shares rebound after dismal day's trading   2011-01-06

Real estate group gets down to business   2011-01-06

Inflation fears depress shares   2011-01-06

FDI lower in 2010, but spending up   2011-01-06

Tax cut by up to 6% on 1,000 imports   2011-01-06

Vietnam should learn from China to develop: expert   2011-01-06

The 50 richest stock millionairesses in 2010   2011-01-06

Foreign capital will be the driving force for stock market in 2011   2011-01-06

MOF stops acting as guarantee for VEC to issue bonds   2011-01-06

Who is the real richest Vietnamese?   2011-01-06

Banks to start year with challenges and oppotunities   2011-01-06

Privately-backed refinery projects yet to hit top gear   2011-01-05

BUSINESS IN BRIEF 5/1   2011-01-05

Office rent is escalating, businesses relocate offices to suburb areas   2011-01-05