Prime Minister Nguyen Xuan Phuc (R) and Kuwaiti Minister of Oil and Electricity and Water Khaled Ali Al Fadhel (Photo: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc expressedhis wish that Vietnam would be able to export more products to Kuwait during areception in Hanoi on September 3 for Kuwaiti Minister of Oil and Electricity and Water Khaled Ali Al Fadhel.
The PM thanked the Kuwaiti government for recognising Vietnamas a market economy and noted that two-way trade had almost reached 2.7 billionUSD last year, 77 million USD of which came from Vietnam’s exports, mostlyaquatic, forestry and agricultural products, and imports are crude oil.
He expressed his delight at the outcomes of bilateralcooperation in oil and gas, particularly the Nghi Son oil refinery andpetrochemical plant invested by Vietnam, Japan and Kuwait.
Put into commercial operation in November 2018 with crudeoil imported from Kuwait, the project has supplied nearly 40 percent of Vietnam’sdemand for oil and gas.
The Vietnamese government leader said Vietnam always createsfavourable conditions for investors but they must meet environment requirementsand abide by Vietnam’s law.
Al Fadhel, for his part, expressed his belief that the twocountries will work closely and effectively together in various areas in thenear future.
He affirmed that Kuwaiti investors will partner withVietnamese and Japanese counterparts to continue implementing the Nghi Sonproject in an effective way.
Kuwait highly appreciates the Asian market, includingVietnam, he said, adding that Kuwait hopes the project will become a symbol ofsuccess in its investment in Asia.
The minister also informed the PM about the outcomes of hisworking sessions with the Ministry of Industry and Trade and Vietnameseauthorities on various areas, including in trade.-VNA
The PM thanked the Kuwaiti government for recognising Vietnamas a market economy and noted that two-way trade had almost reached 2.7 billionUSD last year, 77 million USD of which came from Vietnam’s exports, mostlyaquatic, forestry and agricultural products, and imports are crude oil.
He expressed his delight at the outcomes of bilateralcooperation in oil and gas, particularly the Nghi Son oil refinery andpetrochemical plant invested by Vietnam, Japan and Kuwait.
Put into commercial operation in November 2018 with crudeoil imported from Kuwait, the project has supplied nearly 40 percent of Vietnam’sdemand for oil and gas.
The Vietnamese government leader said Vietnam always createsfavourable conditions for investors but they must meet environment requirementsand abide by Vietnam’s law.
Al Fadhel, for his part, expressed his belief that the twocountries will work closely and effectively together in various areas in thenear future.
He affirmed that Kuwaiti investors will partner withVietnamese and Japanese counterparts to continue implementing the Nghi Sonproject in an effective way.
Kuwait highly appreciates the Asian market, includingVietnam, he said, adding that Kuwait hopes the project will become a symbol ofsuccess in its investment in Asia.
The minister also informed the PM about the outcomes of hisworking sessions with the Ministry of Industry and Trade and Vietnameseauthorities on various areas, including in trade.-VNA
VNA
