On August 5, 2025, Vietnamese President Lương Cường and Egyptian President Abdel Fattah El-Sisi signed a joint statement, officially upgrading their diplomatic relations to a Comprehensive Partnership, marking a new chapter in their six-decade-long ties.
Both leaders emphasized strengthening political trust and advancing cooperation in areas such as trade, investment, education, science, technology, green transition, digital transformation, defense, and cultural exchange.
They also agreed to form a working group to explore a Vietnam–Egypt Free Trade Agreement (FTA) and expand collaboration in sectors like education, tourism, local development, fintech, and halal industries.
Vietnam will open its market to selected Egyptian goods, while Egypt, strategically located at the crossroads of three continents, will serve as a gateway for Vietnamese businesses in the Middle East and Africa. In return, Vietnam aims to be a key partner for Egypt in accessing ASEAN markets.
In 2024, bilateral trade reached US $541.4 million, with Vietnam enjoying a significant trade surplus. The partnership also includes Vietnamese investments in Egypt and correspondent banking relations.
Vietnam’s leadership expects this move to boost support in international forums such as the UN, NAM, and ASEAN, promoting regional stability and enhanced cooperation between Southeast Asia and the Middle East.