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| The Vietnam-Saudi Arabia Business Forum will be held on September 11, 2023 at the Ministry of Foreign Affairs Office. (Source: Ministry of Foreign Affairs) |
Implementing Directive No. 15 - CT/TW of the Secretariat on economic diplomacy to serve national development, in order to further enhance the effectiveness of economic cooperation between Vietnam and Saudi Arabia, the Ministry of Foreign Affairs will coordinate with the Saudi Arabian Embassy in Hanoi and the Riyadh Chamber of Commerce and Industry (Saudi Arabia) to organize the Vietnam-Saudi Arabia Business Forum on September 11, 2023 at the Ministry of Foreign Affairs Office, No. 2 Le Quang Dao, Nam Tu Liem, Hanoi.
The forum is expected to have the participation of nearly 500 delegates, including leaders of ministries, sectors, localities, investors, enterprises, representatives of organizations and business associations of both sides, including more than 50 Saudi Arabian enterprises operating in many fields such as energy, information technology, iron and steel industry, mining, industrial spare parts, construction, investment, healthcare, cosmetics, pharmaceuticals, tourism, human resources, transportation, retail, wood products, garment, agriculture, seafood, etc.
This is 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 businesses.
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| Representatives of the Vietnam Trade Office introduce export products to Saudi Arabian businesses at the Business Forum on October 18-19, 2022 in Jeddah city. (Source: Vietnam Trade Office in Saudi Arabia) |
After the plenary opening session and the signing ceremony of cooperation documents, the Forum will organize business connection activities including Business-to-Business (B2B) and Business-to-Local (B2P) dialogue sessions. The Forum will also reserve space to organize an area to display the export strengths of Vietnamese businesses and localities.
During their stay in Vietnam, Saudi Arabian businesses will visit a number of industrial parks, export processing zones, seaports and businesses in a number of localities.
Saudi Arabia is the largest economy in the Gulf region; one of Vietnam's leading economic partners in the Middle East. Trade turnover between the two countries in 2022 reached over 2.7 billion USD, an increase of 32.4% compared to 2021.
In recent years, more and more Saudi Arabian businesses have shown interest and desire to promote cooperation with Vietnam in the fields of trade, investment, energy, seaports, Halal food, tourism, innovation, etc.
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