The forum is jointly held by the Vietnamese Ministry of Foreign Affairs, and the Embassy and the Riyadh Chamber of Commerce and Industry of Saudi Arabia. (Photo: VNA)The forum, jointly held by the Vietnamese Ministry of ForeignAffairs, and the Embassy and the Riyadh Chamber of Commerce and Industry of SaudiArabia, brought together more than 750 representatives from ministries,agencies, investments funds and businesses.
In his remarks, Deputy PM Tran Luu Quang called the forum avivid demonstration of the determination of the two sides to elevate theVietnam-Saudi Arabia relationship to a new height.
The official asked the participants to look into opportunitiesand challenges, and propose solutions to effectively implement the four pillarsof cooperation that are increasing trade turnover; promoting investment in energy,high-tech, heavy industry and food industry; enhancing cooperation ininformation technology, digital transformation and telecommunications; andcreating motivation for tourism and labour collaboration in a sustainable,effective and high-quality manner.
He also suggested the three key groups of tasks - completing thelegal and policy framework to facilitate economic cooperation; stepping up thesharing of market information and cooperation opportunities; and effectivelyorganising activities connecting localities and businesses.
Permanent Deputy Minister of Foreign Affairs Nguyen Minh Vuurged enterprises to utilise the reciprocity of the two economies and fostertheir connectivity to reach specific cooperation agreements.
Ambassador Mohammed Ismaeil A. Dawhly emphasised that SaudiArabia attaches importance to forging the friendship and multi-facetedcooperation with Vietnam, saying ample room remains for the two countries to advancetheir trade and investment ties.
On this occasion, the Riyadh Chamber of Commerce and Industry ofSaudi Arabia and its associations and businesses signed cooperation documentswith the Department of Industry and Trade of Vietnam’s Mekong Delta province ofBen Tre, the centre for investment, trade and tourism promotion of the southernprovince of Binh Phuoc, the young entrepreneurs association of the northern portcity of Hai Phong, and the Department of Industry and Trade of the south-centralprovince of Ninh Thuan.
Following the forum, businesses of the two countries also inked fourmemoranda of understanding on cooperation and two contracts.
During their stay in Vietnam, the Saudi Arabia business delegationis scheduled to meet representatives from some ministries and economic sectors,and visit Hai Phong city and some industrial parks and big groups of Vietnam.
Saudi Arabia is a leading economic partner of Vietnam in theMiddle East, with two-way trade turnover reaching over 2.7 billion USD lastyear, up 32.4% year-on-year./.
VNA
