Chemical supply chain cooperation contributes to boosting Vietnam-Egypt trade relations
WVR - On April 14, in New Cairo (Egypt), Vietnam National Chemical Group (Vinachem) and Kayan for International Trade signed a Memorandum of Understanding (MOU) for strategic cooperation, establishing a framework for long-term collaboration in the supply of apatite ore and the development of the chemical and fertilizer market.
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The signing ceremony was attended by senior leaders from both sides, along with representatives from related businesses. According to the agreement, Kayan - a company holding approximately 40% of the market share in apatite mining and export in Egypt - will supply raw materials to Vinachem's fertilizer plants, leveraging advantages in supply sources and logistics costs.
Beyond raw material supply, both parties aim to expand the market for Vinachem's strong products such as fertilizers, chemicals, batteries, and consumer goods. Kayan will act as a bridge to introduce Vietnamese products to the Egyptian market and the Middle East-North Africa region.
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| Vietnam National Chemical Group (Vinachem) and Kayan for International Trade (Egypt) sign a Memorandum of Understanding (MOU) on April 14. (Source: Vietnamese Embassy in Egypt) |
On the same day, the Vinachem delegation also visited and worked with the Vietnamese Embassy in Egypt, holding discussions with Ambassador Nguyen Nam Duong.
The Ambassador highly appreciated the capabilities and efforts of the Group in market expansion, affirming that the Embassy is ready to accompany and support Vietnamese enterprises in exploring the market, connecting partners, and implementing cooperation activities in Egypt.
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| The Vinachem delegation visits and works with the Vietnamese Embassy in Egypt. (Source: Vietnamese Embassy in Egypt) |
On behalf of Vietnam National Chemical Group, Mr. Nguyen Huu Tu, General Director of Vinachem, expressed gratitude to Ambassador Nguyen Nam Duong and the Embassy staff for their warm reception, and requested the Embassy's support for the Group's activities in Egypt in the future.
Vietnam National Chemical Group is a state-owned enterprise playing a key role in the chemical industry—one of Vietnam's foundational industries.
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| Ambassador Nguyen Nam Duong and the Vinachem delegation take a commemorative photo. (Source: Vietnamese Embassy in Egypt) |
Currently, the Group operates in multiple sectors, including the production of fertilizers, basic chemicals, tires, batteries, and various other industrial products, with export values maintaining around 700 million USD annually in recent years.
In 2025, the Group imported approximately 415,000 tons of apatite (phosphate rock) from Egypt, with a total value of about 40 million USD, serving domestic phosphate fertilizer production.
On this basis, the Group expressed its desire to continue expanding cooperation in importing this strategic raw material, with projected demand ranging from 1.0 to 1.5 million tons annually.
Vietnam National Chemical Group is expected to contribute to boosting bilateral trade turnover between Vietnam and Egypt, promoting market diversification, and enhancing the position of Vietnamese enterprises in Egypt and the region.
