Commitment made at Vietnam - Saudi Arabia Business Forum in Riyadh on October 19.

namese leader said, expressing a hope that the two will coordinate their businesses to not only participate in each other’s markets but also expand operations in ASEAN and the GCC.

The Prime Minister stated that in a spirit of “harmonious benefits, shared risks”, Vietnam is committed to ensuring the legal and legitimate rights and interests of businesses, and facilitating the long-term, sustainable operations of foreign firms, particularly those from Saudi Arabia.

At the Forum, the potential for cooperation between Vietnam and Saudi Arabia as well as their policies for attracting foreign investors were identified and discussed. Businesses from Saudi Arabia expressed their appreciation of Vietnam’s improved investment environment. They consider the Forum a chance to seek investment opportunities in and business links with Vietnam.

President of the Federation of Saudi Chambers Hassan Al-Huwaizi emphasized that Saudi Arabian businesses want to invest in Vietnam in urban development, petrochemicals, mining, tourism, entertainment, steel production, renewable energy, the food industry, IT, and textiles and garments, aiming to double the scale of investment cooperation.

Prime Minister Chinh and officials from both countries witnessed the signing of MoUs at the Forum between businesses, including one between the Vietnam Chamber of Commerce and Industry and the Federation of Saudi Chambers, and others covering construction steel production, tourism, and trade.

VnEconomy