HCMC – Vietnam’s Prime Minister Pham Minh Chinh met with Saudi Arabian Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz Al Saud to discuss solutions to deepen bilateral ties in Riyadh on October 29 (local time).
The two leaders held talks shortly after Chinh’s arrival in Saudi Arabia to attend the eighth Future Investment Initiative (FII) Summit, where he will be a keynote speaker, and pay a two-day working visit to the Middle East country.
The Vietnamese and Saudi Arabian PMs expressed satisfaction with the growth of bilateral relations over the past 25 years. They set a target of bringing bilateral trade to US$10 billion by 2030 and identified key areas of cooperation, including renewable energy, digital transformation, and education.
PM Chinh called for Saudi investment in Vietnam, including a transit and storage hub for oil and petrochemical products to serve Southeast Asian markets.
He also proposed leveraging Vietnam’s potential in the Halal industry and fostering innovation partnerships by connecting innovation centers, building a robust innovation ecosystem, and sharing experiences in establishing an international financial center in HCMC.
The visit marked the first time a Vietnamese PM has visited Saudi Arabia since the two countries established diplomatic relations in 1999.
