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Jan 15, 2015 / 15:26

Saudi Arabian investors welcomed in Vietnam

On January 14, PM Nguyen Tan Dung received newly-appointed Saudi Arabian Ambassador to Viet Nam Dakhil Al Johani and stressed that the Vietnamese Government supports long-term investments in Viet Nam by businesses from Saudi Arabia.

He said that bilateral ties are developing in numerous fields and the Government wishes to enhance the practicality and effectiveness of the relations. Both countries should improve mutual understanding, trust and support at international forums, particularly the United Nations, as well as boost trade ties, striving for a US$2 billion two-way trade turnover by the end of 2015, PM Dung suggested. The two sides should foster cooperation in labor, oil and gas, especially conclude Agreements on Encouragement and Protection of Investments and Aviation as soon as possible, the Government leader added.

The Vietnamese Government always supports Saudi Arabian investors operating in a long-run in Vietnam, Mr Dung stated, adding that the two countries should strengthen ties in oil and gas development and labour cooperation and soon sign agreements on  investment encouragement and protection and bilateral air transport. The two countries aim to raise two-way trade turnover to US$2 billion by the end of this year.

For his part, Ambassador Dakhil Al Johani promised to do his utmost for the implementation of the signed agreements and the signing of new ones, including the investment encouragement and protection agreement to create a legal framework for cooperation activities. 

The ambassador promised to work for the realization of bilateral agreements and conclusion of new agreements to promote both sides’ potential. He affirmed the Saudi Arabian Government’s resolution in promoting cooperation with Viet Nam and considering the country as an important and potential market.

The ambassador said Saudi Arabia considers Vietnam its important and potential market and promised to do his best during his term of office to witness strong progress in cooperative relations between the two countries. He also expressed his wish to witness breakthroughs in bilateral cooperation.