The goal was set by Vietnamese Ambassador to Egypt Nguyen Huy Dung at the ceremony to celebrate the 60th anniversary of the establishment of Vietnam-Egypt diplomatic relations (1963-2023) in Cairo, Egypt on July 26. The event was held by the Embassy of Vietnam in Egypt.

Although trade potential between Vietnam and Egypt has not been fully exploited yet, both countries have strived to reach a sustainable trade turnover target of US$1 billion in the next three to five years if there are thorough preparations in place for the long term.