He hoped the ambassador will make active contributions to the sound relations between the two countries as well as coordinate effectively with relevant agencies to help both countries fully tap their bilateral cooperation potential.

Prime Minister Nguyen Xuan Phuc (R) and Ambassador of Saudi Arabia to Vietnam Saud F.M Al Suwelim.

The PM recommended the two sides support each other at multilateral forums, emphasising that 2020 is an important year for both countries when Vietnam plays the role of ASEAN Chair while Saudi Arabia takes the G20 Presidency.

For his part, the ambassador said Saudi Arabia attaches great importance to the relations with Vietnam, adding that his important task during the working tenure in Vietnam is promoting the bilateral cooperation in all fields, including trade and investment.

The PM recommended the two sides support each other at multilateral forums.

The ambassador told the PM that he had worked with some ministries and departments of Vietnam to seek stronger collaboration in health care and trade.

Saudi Arabia has an open market, so this is a great chance for the two sides’ businesses to step up trade and investment partnership, he added.

Vietnam, Uruguay sign trade, investment promotion deal

The Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade has inked a memorandum of understanding (MoU) on trade and investment promotion with Uruguay’s Investment, Export and Country Brand Promotion Agency.

Bac Giang works to lure foreign direct investment

Removing bottlenecks of businesses will be prioritised in the northern province of Bac Giang to lure more foreign direct investments (FDI) in the coming time.

Bac Giang draws 90 investment projects in 7 months

(BGO) – In July 2019, Bac Giang province attracted total investment of 113.8 million USD, making up the total invested capital of over 658.9 million USD since early this year (up 45 percent comparing to the same period last year).

Korean firms to expand investment in electricity in Vietnam

The Republic of Korea (RoK)’s Consulate General recently revealed the country’s businesses plan to invest more in Vietnam, especially in the manufacturing of electronic equipment and developing smart grid networks.

Vietnam pledges support for Singaporean investments

The Vietnamese Government is willing to listen to opinions from Singaporean businesses and wishes they would do long-term business in the country, Prime Minister Nguyen Xuan Phuc has said.

Source: VNA