Saudi Arabia, Vietnam Ink Pack To Fortify Economic and Trade ties


The Federation of Saudi Chambers has inked a new agreement that would improve the economic and commercial links between Saudi Arabia and Vietnam. The deal was completed during the Saudi-Vietnamese Business Forum, which was attended by over 150 officials, including Prime Minister Pham Minh Chinh of the Asian country and Federation Chairman Hassan Al-Huwaizi.

The forum aimed to explore untapped investment opportunities between the two nations. Prime Minister Chinh commended the Kingdom’s leading role in the region, citing its economic stability and investment-friendly environment. He encouraged Saudi business owners to invest in Vietnam and take advantage of the opportunities, incentives, and returns available, as per the arab news. 

The Kingdom is currently the Vietnam's second-largest commercial partner in the Middle East, according to Al-Huwaizi, who represents Saudi Chambers. 

A high-level corporate team from the Kingdom visited the Asian country last month in an effort to strengthen trade, economic, and the commercial relations.  

The group, led by the Saudi Chamber of Commerce, met with important individuals from the Vietnamese Ministry of Foreign Affairs and the Chamber of Commerce, focused on developing collaboration across several industries.

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