Politics

PM receives Saudi Arabian Public Investment Fund Governor

Prime Minister Pham Minh Chinh has proposed the Public Investment Fund (PIF) of Saudi Arabia – one among the world’s 10 biggest public investment funds – expand and diversify investment activities in Vietnam's priority areas such as digital transformation, green economy, circular economy, innovation, renewable energy, high technology, tourism and Halal industry.
PM receives Saudi Arabian Public Investment Fund Governor ảnh 1Prime Minister Pham Minh Chinh (R) receives PIF Governor Al-Rumayyan (Photo: VNA)
Riyadh (VNA) – Prime Minister Pham Minh Chinh has proposed thePublic Investment Fund (PIF) of Saudi Arabia – one among the world’s 10 biggestpublic investment funds – expand and diversify investment activities inVietnam's priority areas such as digital transformation, green economy,circular economy, innovation, renewable energy, high technology, tourism andHalal industry.

Chinh made the suggestion while receiving the fund’sGovernor Al-Rumayyan in Riyadh on October 19 within the framework of his tripto Saudi Arabia to attend the Association of Southeast Asian Nations (ASEAN) -Gulf Cooperation Council (GCC) Summit and visit the country.

Yasir Al-Rumayyan said that the fund has invested 160million USD in Vietnam through indirect form.

He suggested the Vietnamese Government continue to createmore favourable conditions for the PIF to operate effectively in Vietnam, andcommitted to devoting more resources to larger projects to developinfrastructure in the country.

PM receives Saudi Arabian Public Investment Fund Governor ảnh 2An overview of the meeting (Photo: VNA)
The Vietnamese Government leader urged the two sides tocontinue establishing a joint investment fund to carry out investment projectsin each country, like those between Vietnam and Oman and several othercountries which have proved effective.

Attention should be paid to enhancing effective cooperationbetween investment agencies of the two countries, especially in sharinginformation and policies, introducing cooperation opportunities in potentialprojects in each country and intensifying collaboration in investment promotionin Vietnam, he added./.
VNA
#Prime Minister Pham Minh Chinh#PIF Governor Al-Rumayyan#Public Investment Fund of Saudi Arabia#Vietnam#Vietnamplus#Vietnam News Agency
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