Cairo, Egypt – On August 4, 2025, in the framework of the state visit to Egypt by Vietnamese President Luong Cuong and a high-level delegation, a significant meeting took place between Vietnamese Deputy Minister of Finance, Mr. Tran Quoc Phuong, and the Vice President of the General Authority for Investment and Free Zones (GAFI) of Egypt, Mr. Yasser Ahmed Abbas.
The meeting highlighted the robust and growing economic cooperation between Vietnam and Egypt, with EuP Group (European Plastics JSC) being a key example of this successful partnership. Deputy Minister Tran Quoc Phuong specifically praised EuP for its pioneering role as a leading Vietnamese enterprise investing professionally and with a long-term vision in Egypt since 2022.
During the meeting, the Deputy Minister commended GAFI for its efforts in creating a transparent investment environment and providing effective support to foreign businesses, including EuP. He noted that EuP not only operates a manufacturing plant in Egypt but also actively helps its Vietnamese partners and suppliers to explore, connect, and expand their market presence in the country.
The discussions underscored the commitment of both nations to further strengthen their economic and investment ties. Deputy Minister Phuong encouraged Egypt to continue creating favorable conditions and to consider mechanisms that would attract Egyptian businesses to invest in Vietnam. He highlighted Vietnam’s dynamic economy and a population of nearly 100 million people, a market size comparable to Egypt’s.
Mr. Yasser Ahmed Abbas shared an overview of foreign direct investment (FDI) in Egypt and the critical role of GAFI in attracting international capital. Both sides agreed to enhance information sharing and organize investment promotion activities, such as business roundtables and forums, to be held in either Egypt or Vietnam.
This high-level meeting reinforces EuP Group’s strategic position in Eup Egypt and its role as a bridge for economic collaboration between Vietnam and the broader Middle Eastern and African markets. As a prominent Vietnamese investor in the region, EuP is proud to contribute to the friendly and cooperative relationship between the two countries.
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