Kuwait and Vietnam are ready to promote bilateral economic and trade relations, the Kuwait News Agency said, citing comments by Fahad Al-Joan, a member of the Kuwait Chamber of Commerce and Industry.
At the meeting between the Kuwait Chamber of Commerce and Industry and a visiting Vietnamese business delegation
|
Mentioning oil investments, he said Kuwait has 150 fuel stations in Vietnam, which is predicted to hit 300 in the future.
Meanwhile, Ahmad Al-Qattan, CEO's Representative of the Kuwait Petroleum International, said the Vietnam Refinery, one of the biggest external projects launched by the Kuwaiti oil sector, would be operational on May 11, with its total cost estimated at 9 billion USD.
He said the refinery is expected to become a booster for bilateral investment relations.
The facility has an estimated production capacity of 200,000 barrels per day, he said, revealing a plan to push the figure to 400,000 barrels per day in the future.
Other News
- Nhon – Hanoi station metro line: An example of Vietnam-EU cooperation
- Tech giants pay nearly US$580 million in taxes in Vietnam
- French market awaits Vietnamese green, sustainable businesses
- Hanoi ranks second in the E-Business Index
- Vietnam among Asia-Pacific's fastest growing economies: FedEx
- Vietnam’s stock market remains attractive investment channel: Expert
- Cuba appreciates Vietnam’s support in food and fisheries production
- Vietnam, China to step up cooperation strategy for mutual development
- PM orders urgent measures to address volatile gold prices
- Vietnam earns US$1.4 billion from rice exports in Q1
Trending
-
Upcoming Law on industrial park – Vietnam’s passage to attract new foreign investment wave
-
Vietnam news in brief - May 5
-
Vietnamese Government steps up efforts to develop market for carbon credits
-
Hanoi: The 'epic victory' of Dien Bien Phu as seen in photos
-
Vietnam seeks more information on Cambodia’s Funan Techo canal project
-
Hanoi strives to ensure smooth high school exams
-
Carnaval Ha Long 2024 woos tourists with fireworks and drone light shows
-
Trivial jobs: Hanoians strive to keep their old trades alive
-
Affordable, quality tours offered at Hanoi Tourism Festival 2024