Sisi's visit to Vietnam is a push to establish advanced investment projects

[The SC]

The visit of President Abdelfattah al-Sisi to Vietnam is the first visit of its kind by an Egyptian or Arab president, said Dr. Nadia Helmy, an expert on Asian affairs.

Helmi said in a statement to Sada Al-Balad that the visit will push forward the establishment of Vietnamese investment projects in the sectors of fish farming and shipbuilding in the axis of Suez Canal development. Industries in which Vietnam has a global competitive advantage.

Hilmi explained that the attraction of the Vietnamese market which the value of its imports amount to more than 17 billion dollars. Therefore targeting the Vietnamese market is an important step to attract more markets to the Egyptian side.

Helmy stressed that one of the most important outcomes of Sisi's visit to Vietnam is to promote the economic zone of the Suez Canal in coordination with the Ministry of Investment and International Cooperation to facilitate all procedures for Vietnamese investors to invest in the region, which will benefit the Egyptian side.

Source:
"صدى البلد"

 

[Saif al-Arab]

I am surprised to learn that this was the first visit to Vietnam by an Arab head of state. Difficult to understand seeing how Vietnam is a developing economy and a very promising one at that.

I like Al-Sisi's pragmatic approach in terms of foreign policy. Hopefully such kind of visits will be beneficial for Egypt and the Egyptian people. In any case bolstering the ties with countries like Vietnam is a win-win situation.

I do however wonder what Vietnam as a country can offer in terms of military cooperation. Someone more knowledgeable than me on this front should educate me and others.

BTW I recall Southern Yemen (a communist state) having rather close ties to Vietnam, at least politically but not sure what the legacy of this relationship ever was.

 

[mahatir]

I am surprised to learn that this was the first visit to Vietnam by an Arab head of state. Difficult to understand seeing how Vietnam is a developing economy and a very promising one at that.

I like Al-Sisi's pragmatic approach in terms of foreign policy. Hopefully such kind of visits will be beneficial for Egypt and the Egyptian people. In any case bolstering the ties with countries like Vietnam is a win-win situation.

I do however wonder what Vietnam as a country can offer in terms of military cooperation. Someone more knowledgeable than me on this front should educate me and others.
.

Vietnam Developed since they reformed their economy in 1986 by reducing subsidies and changing their investment law which allows small and medium size company to set up factories in less than 2 weeks .

This encouraged foreign and local investors to set up factories in various sectors especially Fish Farms , electronics , textiles and leather . Vietnam total exports last year reached 175 billion dollars and they do not have any major oil or gas reserves and a population close to 92 million.

The main reason behind their success is setting up specialized economic zones for each sector along with its feeding industries ( suppliers ) . The government offers investors their built factories along with all required infrastructure including roads and electricity.

The Egyptian government already started implementing this strategy the past 3 years and various industrial zones were set up especially in Textiles , electronics , leather , food processing , petrochemical and pharmaceutical industries.

The Egyptian government is basically viewing the Vietnamese experience to further improve the current Egyptian one . Vietnam is one of the top fish exporters around the world , last year they exported around 7 billion worth of fish products .

Currently Egypt is witnessing a boom in fish farming and they are viewing the Vitnamese experience and cooperating with Vitnam to turn Egypt into a major fish products exporter, currently Egypt is the 9th biggest producer of fish products around the world .

1) http://www.sciencedirect.com/science/article/pii/S0044848616304707
2) https://dailynewsegypt.com/2017/02/20/egypts-total-fish-production-reaches-1-53m-tonnes-2015-capmas/
3)https://www.undercurrentnews.com/2016/12/12/feed-group-aller-doubling-production-capacity-in-egypt/
4)http://www.feednavigator.com/Manufa...ture-sector-forecast-to-nearly-double-by-2020

There is a huge demand on Egyptian Fish products especially from Europe and Arab countries to the point that the government had to impose duties on exports to avoid domestic inflation . Vietnam is advanced in this field and could help Egypt to increase efficiency and productivity .

Vietnam is also advanced in growing rice in arid regions with low water consumption , this is a field Egypt is interested in as it is working on reducing water consumption by using more efficient methods such as better seeds and drip irrigation .

Areas Egypt and Vietnam will cooperate in

http://www.egyptindependent.com/sisi-signs-9-memorandums-understanding-vietnamese-president/

) Record of the fifth meeting of the joint committee between Egypt and Vietnam.

2) Memorandum of understanding on the establishment of a sub-committee for bilateral cooperation in the fields of trade and industry.

3) Memorandum of understanding on cooperation between the two broadcasting organizations in the two countries.

4) Memorandum of understanding on cooperation in the Field of commercial navigation.

5) Executive Program for cooperation in tourism for the period 2017-2019.

6) Executive Program for cooperation in the field of culture for the period 2017-2021.

7) Memorandum of understanding on investment promotion.

8) Memorandum of understanding for cooperation in the field of fish farming.

9) Memorandum of understanding in the fields of establishing and managing ports and economic zones.

I am surprised to learn that this was the first visit to Vietnam by an Arab head of state. Difficult to understand seeing how Vietnam is a developing economy and a very promising one at that.

I like Al-Sisi's pragmatic approach in terms of foreign policy. Hopefully such kind of visits will be beneficial for Egypt and the Egyptian people. In any case bolstering the ties with countries like Vietnam is a win-win situation.
.

I agree Egypt has a wise foreign policy focused on building balanced ties with all major powers whether USA , China or Russia . Egypt is the only Arab country outside GCC to recognize its real problems and start solving them while other Arab countries are still in denial blinded by arrogance and stupidity .

 

[Saif al-Arab]

Trolling at its finest , worry about your shit hole Algeria .



Vietnam Developed since they reformed their economy in 1986 by reducing subsidies and changing their investment law which allows small and medium size company to set up factories in less than 2 weeks .

This encouraged foreign and local investors to set up factories in various sectors especially Fish Farms , electronics , textiles and leather . Vietnam total exports last year reached 175 billion dollars and they do not have any major oil or gas reserves and a population close to 92 million.

The main reason behind their success is setting up specialized economic zones for each sector along with its feeding industries ( suppliers ) . The government offers investors their built factories along with all required infrastructure including roads and electricity.

The Egyptian government already started implementing this strategy the past 3 years and various industrial zones were set up especially in Textiles , electronics , leather , food processing , petrochemical and pharmaceutical industries.

The Egyptian government is basically viewing the Vietnamese experience to further improve the current Egyptian one . Vietnam is one of the top fish exporters around the world , last year they exported around 7 billion worth of fish products .

Currently Egypt is witnessing a boom in fish farming and they are viewing the Vitnamese experience and cooperating with Vitnam to turn Egypt into a major fish products exporter, currently Egypt is the 9th biggest producer of fish products around the world .

1) http://www.sciencedirect.com/science/article/pii/S0044848616304707
2) https://dailynewsegypt.com/2017/02/20/egypts-total-fish-production-reaches-1-53m-tonnes-2015-capmas/
3)https://www.undercurrentnews.com/2016/12/12/feed-group-aller-doubling-production-capacity-in-egypt/
4)http://www.feednavigator.com/Manufa...ture-sector-forecast-to-nearly-double-by-2020

There is a huge demand on Egyptian Fish products especially from Europe and Arab countries to the point that the government had to impose duties on exports to avoid domestic inflation . Vietnam is advanced in this field and could help Egypt to increase efficiency and productivity .

Vietnam is also advanced in growing rice in arid regions with low water consumption , this is a field Egypt is interested in as it is working on reducing water consumption by using more efficient methods such as better seeds and drip irrigation .

Areas Egypt and Vietnam will cooperate in

http://www.egyptindependent.com/sisi-signs-9-memorandums-understanding-vietnamese-president/

) Record of the fifth meeting of the joint committee between Egypt and Vietnam.

2) Memorandum of understanding on the establishment of a sub-committee for bilateral cooperation in the fields of trade and industry.

3) Memorandum of understanding on cooperation between the two broadcasting organizations in the two countries.

4) Memorandum of understanding on cooperation in the Field of commercial navigation.

5) Executive Program for cooperation in tourism for the period 2017-2019.

6) Executive Program for cooperation in the field of culture for the period 2017-2021.

7) Memorandum of understanding on investment promotion.

8) Memorandum of understanding for cooperation in the field of fish farming.

9) Memorandum of understanding in the fields of establishing and managing ports and economic zones.



I agree Egypt has a wise foreign policy focused on building balanced ties with all major powers whether USA , China or Russia . Egypt is the only Arab country outside GCC to recognize its real problems and start solving them while other Arab countries are still in denial blinded by arrogance and stupidity .

Well, we will have to see how it will go but those are indeed promising. I have been talking about this as well for quite some time.

BTW what Al-Sisi has initiated is something that Hosni Mubarak should have done ages ago. Sadly many of our Arab leaders have wrong priorities or are simply ruling inefficient or failed regimes which are difficult to reconstruct profoundly without losing power internally.

 

[Dai Toruko]

What will Sisi sell next?
Perhabs the pyramids...

 

[AViet]

I am surprised to learn that this was the first visit to Vietnam by an Arab head of state. Difficult to understand seeing how Vietnam is a developing economy and a very promising one at that.

I like Al-Sisi's pragmatic approach in terms of foreign policy. Hopefully such kind of visits will be beneficial for Egypt and the Egyptian people. In any case bolstering the ties with countries like Vietnam is a win-win situation.

I do however wonder what Vietnam as a country can offer in terms of military cooperation. Someone more knowledgeable than me on this front should educate me and others.

BTW I recall Southern Yemen (a communist state) having rather close ties to Vietnam, at least politically but not sure what the legacy of this relationship ever was.

Algerian Presidents have visited Vietnam many times, if you consider Algeria an Arab state, even back to 1960s (to North Vietnam). President Bouteflika has been to Vietnam not only once.

Among Arab states, Vietnam have very close tie with Algeria, but not much with South Yemen, even it was a communist state.

In general, the feeling of Vietnamese towards Middle East are very warm.

 

[The SC]

What will Sisi sell next?
Perhabs the pyramids...

Those are already sold for tourism!

Algerian Presidents have visited Vietnam many times, if you consider Algeria an Arab state, even back to 1960s (to North Vietnam). President Bouteflika has been to Vietnam not only once.

Among Arab states, Vietnam have very close tie with Algeria, but not much with South Yemen, even it was a communist state.

In general, the feeling of Vietnamese towards Middle East are very warm.

"President of Vietnam Nguyễn Minh Triết, on 16 July 2009, met with Bouteflika on the sidelines of the 15th Non-Aligned Movement (NAM) summit in Egypt. President Triet and Bouteflika agreed that the two countries still have great potential for development of political and trade relations. Triet thanked the Algerian government for creating favourable conditions for the Vietnam Oil and Gas Group to invest in oil and gas exploration and exploitation in Algeria"
https://en.wikipedia.org/wiki/Abdelaziz_Bouteflika#cite_note-12

Do you have any source about an Algerian president visiting Vietnam (unified)?.. it will be appreciated, since I could not find any!

 

[Saif al-Arab]

Algerian Presidents have visited Vietnam many times, if you consider Algeria an Arab state, even back to 1960s (to North Vietnam). President Bouteflika has been to Vietnam not only once.

Among Arab states, Vietnam have very close tie with Algeria, but not much with South Yemen, even it was a communist state.

In general, the feeling of Vietnamese towards Middle East are very warm.

Of course I do my friend. I never knew about any official visit though. That's interesting.

Yes, I believe that South Yemen had much closer dealings with the USSR who helped finance and arm the economy and military. Like other smaller communist states (Cuba etc.)

That is great to hear. Did you know that there are quite a number of Vietnamese that have settled in the GCC? In KSA there are over 30.000 Vietnamese. A few restaurants here and there too. I have visited Vietnamese restaurants both in KSA and France and I was pleasantly surprised each time although I was told that many of the meat dishes contain pork which obviously is a no-go.

I also believe that the KSA-Vietnam trade has reached 2 billion USD. Not a large sum for either country but nevertheless not totally insignificant. I would like to have closer ties for the reasons that I have mentioned and I believe that Al-Sisi's visit is a correct decision.

Those are already sold for tourism!


"President of Vietnam Nguyễn Minh Triết, on 16 July 2009, met with Bouteflika on the sidelines of the 15th Non-Aligned Movement (NAM) summit in Egypt. President Triet and Bouteflika agreed that the two countries still have great potential for development of political and trade relations. Triet thanked the Algerian government for creating favourable conditions for the Vietnam Oil and Gas Group to invest in oil and gas exploration and exploitation in Algeria"
https://en.wikipedia.org/wiki/Abdelaziz_Bouteflika#cite_note-12

Do you have any source about an Algerian president visiting Vietnam (unified)?.. it will be appreciated, since I could not find any!

Curious as well!

 

[Gomig-21]

I like Al-Sisi's pragmatic approach in terms of foreign policy. Hopefully such kind of visits will be beneficial for Egypt and the Egyptian people. In any case bolstering the ties with countries like Vietnam is a win-win situation.

Indeed. People can say what they want about Sisi and the coup was about as undemocratically criminal in every sense of the word, but no one can argue that it has made monumental shifts in all aspects of Egypt's growth and prosperity. Of course there are still major problems with inflation and state-sponsored oppression of the media and freedoms of expression, and he needs to really make a strong effort to loosen the tight grip he has in that aspect. But it's undeniable that he's set a new precedence that is working extremely well to rebuild Egypt again, and literally saved it from falling into quite possibly an irrecoverable death spin.

The Egyptian government is basically viewing the Vietnamese experience to further improve the current Egyptian one . Vietnam is one of the top fish exporters around the world , last year they exported around 7 billion worth of fish products .

Spot on. Besides the fishing industry which is a huge part of this cooperation, the way Vietnam went about handling their inflation problem is really the big target of this whole shebang. Mahatir, you should open a thread on the economic news like you suggested. That is a great idea.

 

[mahatir]

Spot on. Besides the fishing industry which is a huge part of this cooperation, the way Vietnam went about handling their inflation problem is really the big target of this whole shebang. Mahatir, you should open a thread on the economic news like you suggested. That is a great idea.

Vietnam controlled inflation my improving the productivity and efficiency of their agriculture technique especially in Fish Farming and rice plantations which form the bases of Vietnamese cuisine. They also developed their manufacturing industry and deepened local contribution which lead to creation of fully integrated manufacturing sectors relation to commodities and products that affect consumer price index in vietnam ( this is where inflation is measured.

If you look at the following main agriculture projects Egypt is focusing on then you will figure out its moving in that direction .

1) 100,000 Feddan Green House project aims to increase output and quality of Vegetables and fruits produced in Egypt by the way output from one feddan is about 8-9 time more than a regular feddan.

a) http://www.egyptindependent.com/agriculture-minister-announces-plan-100000-greenhouses/

b)https://www.arabfinance.com/2015/Pages/news/newsdetails.aspx?Id=355629&lang=en

C) http://www.youm7.com/story/2017/9/8...-والعدس-والبسلة-والثوم-لزيادة-الإنتاج/3402816

D) http://www.dotmsr.com/details/796911/مشروع-لإنشاء-100-ألف-صوبة-بالتعاون-بين-الزراعة-و-فاو



2) 1.5 million Feddan project aims to produce strategic crops such as Wheat and Corn .

3) 1.0 head million Buffalo ( Egypt will base it only high quality buffalos and cows from Europe) Project aims to improve and increase the production of Betelo meat in Egypt to reach self sufficiency and also increase the production of diary products .

4) 1.0 million betelo head project aims to support small and medium size farmers to raise their buffaloes till they reach 400 KG weight before slaughtering , the government through Egyptian Agriculture bank will hand the cost of feeding and raising while the ministry of Agriculture will offer technical support .

5) 300 Million bird/chicken project aims to relocated major Egyptian poutlry firms to Toushka and the desert regions behind major Egyptian governorates .

6) Major Fish farm projects and I posted before videos and sources about these.

Some projects already started production in Toshka such as the one shown below .

The final important project the government and private sector are working on is setting up warehouses and distribution centers in major Egyptian provinces to reduce supply chain and transportation costs which has caused inflation to rise in Egypt.
https://www.youtube.com/watch?v=Wp8UqYhMdu0

Indeed. People can say what they want about Sisi and the coup was about as undemocratically criminal in every sense of the word, but no one can argue that it has made monumental shifts in all aspects of Egypt's growth and prosperity. Of course there are still major problems with inflation and state-sponsored oppression of the media and freedoms of expression, and he needs to really make a strong effort to loosen the tight grip he has in that aspect. But it's undeniable that he's set a new precedence that is working extremely well to rebuild Egypt again, and literally saved it from falling into quite possibly an irrecoverable death spin.
.

The threat facing Egypt in the south is great , especially that it could threaten its economic development if it affects Egypt's water supply . As I mentioned before if Egypt goes to war outside its border it will only be for water against MB regime in Sudan . I think the massive military buildup is geared towards this if water supply is affected from Sudan .

Sisi was wise enough not to send ground troops to Yemen or join Qatari/Turkish alliance against Syria . I hope to see eventually major military bases built in Halayeb and close to Sudan border .

Sudan is on the tip of exploding internally and their government is simply creating media war with Egypt to be able to distract its citizens from their internal failure .

 

[Gomig-21]

Erba3en dollar elkatkoot el wahed? Wow! Good stuff. Thanks for that excellent post.

 

[mahatir]

Erba3en dollar elkatkoot el wahed? Wow! Good stuff. Thanks for that excellent post.

Yes , the goal of the project is to produce high quality local chickens free from typical diseases to increase productivity and efficiency . This reduces the number of lost chicken thus leading to lower costs.

This is how you eventually reduce inflation , there is several projects like this currently in Egypt . The new investment law will create a boom in these industries .

Below is video about example of flourishing cow farms in Egypt . This is a small example of how the 1 million Cows/Buffalo project will be like but on a larger scale .

 

[mahatir]

Erba3en dollar elkatkoot el wahed? Wow! Good stuff. Thanks for that excellent post.

Below is a video about the largest Fish farm in the middle east which includes processing , feeding and packaging factories . This project will produce around 100 thousand tons of fish and shrimps in addition to supporting smaller fish farms in the region by offering them fish to support their production .

 

[mahatir]

Below is a video about the largest Fish farm in the middle east which includes processing , feeding and packaging factories . This project will produce around 100 thousand tons of fish and shrimps in addition to supporting smaller fish farms in the region by offering them fish to support their production .

I would like to mention this is only the first phase completed over 3500 Feddan , there are 3 more phases which would bring total project size to 26,000 Feddan and will eventually produce around 1 million tons of fish and shrimps .

The project was completed in an area which is famous for illegal immigration. Instead of keeping border gaurds in this region the government decided to turn it into the biggest fish farm in Africa and middle east, the first phase will employ around 15,000 people .

Any other Arab government would have instead bombed the shit out of people living there and arrested them under terrorism charges.

 

[AViet]

Those are already sold for tourism!


"President of Vietnam Nguyễn Minh Triết, on 16 July 2009, met with Bouteflika on the sidelines of the 15th Non-Aligned Movement (NAM) summit in Egypt. President Triet and Bouteflika agreed that the two countries still have great potential for development of political and trade relations. Triet thanked the Algerian government for creating favourable conditions for the Vietnam Oil and Gas Group to invest in oil and gas exploration and exploitation in Algeria"
https://en.wikipedia.org/wiki/Abdelaziz_Bouteflika#cite_note-12

Do you have any source about an Algerian president visiting Vietnam (unified)?.. it will be appreciated, since I could not find any!

I have the list of visits by Middle East heads of state and Prime Ministers to Vietnam (sorry in Vietnamese)
http://www.baomoi.com/viet-nam-tang-cuong-hop-tac-kinh-te-voi-trung-dong-bac-phi/c/12313008.epi

Algerian President Zeroual (1996)
Algerian President Bouteflika (2000)
Sudan President Al-Bashir (1995)
Iran Presidents Rafsanjani (1995) and Mahmoud Ahmadinejad (2012)
Kuwait Prime Minister Nasser Al Mohammed Bin Rashid Al-
Makhtoum (2007)
Later Palestine President Arafat (many times, last time in 2001)
Palestine President Mahmoud Abbas
Morocco Prime Minister Abbas El Fassi (2008)
Israel President Simon Peres (2011)
Qatar Prime Minister Hamas Bin Jasim Bin Jaber Al Thani (2008)
Qatar King Hamas Bin Khalifa Al Thani (2012)…

Of course I do my friend. I never knew about any official visit though. That's interesting.

Yes, I believe that South Yemen had much closer dealings with the USSR who helped finance and arm the economy and military. Like other smaller communist states (Cuba etc.)

That is great to hear. Did you know that there are quite a number of Vietnamese that have settled in the GCC? In KSA there are over 30.000 Vietnamese. A few restaurants here and there too. I have visited Vietnamese restaurants both in KSA and France and I was pleasantly surprised each time although I was told that many of the meat dishes contain pork which obviously is a no-go.

I also believe that the KSA-Vietnam trade has reached 2 billion USD. Not a large sum for either country but nevertheless not totally insignificant. I would like to have closer ties for the reasons that I have mentioned and I believe that Al-Sisi's visit is a correct decision.

We know that there are many Vietnamese labourers working there in oil&gas and construction, but I do not know the exact number.

I do hope that the relationship between Vietnam and KSA and Middle East in general will only improve.