Bac Kan promotes cooperation with Saudi Arabian enterprises in many fields

Attending the Vietnam-Saudi Arabia Business Forum on September 11 in Hanoi, Bac Kan brought many of the province's key export products and wished to promote cooperation with Saudi Arabian businesses in many fields.

Deputy Prime Minister Tran Luu Quang took a souvenir photo with leaders of ministries, sectors, leaders of Bac Kan province, localities and the Saudi Arabian business delegation. (Photo: Tuan Viet)

Organized by the Ministry of Foreign Affairs in coordination with the Saudi Arabian Embassy in Hanoi and the Riyadh Chamber of Commerce and Industry (Saudi Arabia), the Vietnam-Saudi Arabia Business Forum attracted the participation of more than 750 delegates, including nearly 100 delegates from ministries, departments, sectors, investment funds and Saudi Arabian corporations and enterprises. This is also the largest business delegation from Saudi Arabia in particular and the Middle East in general to Vietnam to explore cooperation and business opportunities with Vietnamese localities and enterprises.

The delegation of Bac Kan province attending the Forum included Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee Nguyen Dang Binh; leaders of the Department of Industry and Trade, Department of Agriculture and Rural Development, Department of Planning and Investment, a number of enterprises and cooperatives...

Deputy Prime Minister Tran Luu Quang visits the booth of Bac Kan province. (Photo: Thanh Hai)

In addition to promotion and trade activities, the Forum also dedicated space to display the strong export products of many Vietnamese enterprises and localities. At the booth of Bac Kan province, there were companies and cooperatives: Bac Ha Pharmaceutical Technology Joint Stock Company, Ha Diep Company Limited, Bac Kan Agricultural Products Joint Stock Company, Tai Hoan Cooperative, Tan Thanh Agricultural Cooperative, BKFOODS High-tech Agricultural Cooperative.

This is an opportunity for businesses and cooperatives of Bac Kan province to participate in displaying, promoting and introducing potential products and strengths of the province, in order to enhance exchanges, cooperation, market search, and product consumption connection with the business delegation of Saudi Arabia.

Products displayed at the Bac Kan province booth are OCOP products, typical rural industrial products and products with strengths of the province such as: Health protection food products made from turmeric (Vicumax Nano Curcumin, Turmeric starch, honey turmeric pills, turmeric powder, dried turmeric,...); products processed from agricultural products (dried ginger, dried bamboo shoots; Golden flower tea, guava bud tea, Gynostemma pentaphyllum tea, dong vermicelli,...).

After the plenary opening session and the signing ceremony of cooperation documents, the Forum also had business connection activities including business-to-business (B2B) and business-to-locality (B2P) dialogue sessions.

There have been hundreds of direct exchanges and connections between Saudi Arabian businesses and Vietnamese localities and businesses in many fields such as energy, iron and steel industry, mining, industrial spare parts, construction, investment, healthcare, cosmetics, pharmaceuticals, sports, tourism, human resources, transportation, retail, wood products, garment, agriculture, seafood and information technology.

During their stay in Vietnam, Saudi Arabian businesses visited a number of industrial parks, export processing zones, seaports and businesses in several localities, to concretize the interest and desire to promote cooperation between Saudi Arabian businesses and Vietnam in many fields.

Saudi Arabia is the largest economy in the Gulf region, vigorously implementing the "Vision 2030" Strategy to diversify the economy, develop the non-oil economy, reform, open up and promote the implementation of many large-scale infrastructure projects with the goal of becoming the world's leading political and economic center by 2030.

This country is also the largest economy and one of Vietnam's leading economic partners in the Middle East. Its two-way trade turnover with Vietnam in 2022 reached over 2.7 billion USD, an increase of 32.4% compared to 2021.

Permanent Deputy Minister of Foreign Affairs Nguyen Minh Vu took a souvenir photo with Chairman of Bac Kan Provincial People's Committee Nguyen Dang Binh at the province's exhibition booth.

Bac Kan is a mountainous province located in the center of the Northern provinces, with a natural land area of ​​about 485,996 hectares; with fertile land, Bac Kan has the advantage of developing concentrated production of agricultural and forestry products on a large scale, gradually participating in the modern domestic distribution market and aiming for export such as ginger, apricot, wooden chopsticks... especially products with the potential to be Halal certified to target the Saudi Arabian market.

On the other hand, Bac Kan is blessed with natural landscapes, especially the largest forest coverage rate in the country, so the fresh climate is very suitable for developing the high-end resort real estate market, golf courses, and nursing homes to ensure social security.

With a promising mineral potential, with resources estimated at over 15 million tons, Bac Kan province can cooperate with Saudi Arabian enterprises in the processing and manufacturing industry to develop products such as batteries, solar panels, circuits for electronic devices, etc.

Source: https://baoquocte.vn/bac-kan-day-manh-hop-tac-voi-doanh-nghiep-saudi-arabia-tren-nhieu-linh-vuc-241913.html